Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). Garlinghouse criticized the SEC’s approach, stating that it was a key reason why Ripple and two other companies formed the industry super PAC, …
President-elect Trump recently announced that Paul Atkins will be the new SEC Chair, taking over from the current chair, Gary Gensler, who is set to step down in January. This news has generated significant attention, as many believe Atkins will foster a more crypto-friendly environment. One of the key cases being closely followed is the …
Bill Dudley, the former president of the Federal Reserve Bank of New York and current chair of the Bretton Woods Committee, has dismissed the idea of Bitcoin (BTC) becoming a government reserve currency. In a Dec. 6 Bloomberg op-ed, Dudley argued that such a move offers no significant advantages and primarily benefits existing Bitcoin holders, …
The Senate Banking Committee is gearing up for a crucial vote next Wednesday that could decide the future of Caroline Crenshaw, a Democrat and one of the five commissioners at the SEC (Securities and Exchange Commission). If approved, Crenshaw will stay on the commission until 2029, continuing her support for SEC Chair Gary Gensler’s policies. …
In a latest X post, FOX Business journalist, Eleanor Terrett shared that Coinbase has released the 23 so-called “pause letters” they received from the FDICgov as a result of suing the agency to get access to documents relating to what the crypto industry has dubbed “Operation Chokepoint 2.0.” Notably, the name refers to what many …
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States. Advocates believe it could serve as a hedge against inflation and a …
Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC’s ongoing legal battle with Ripple, set for …
Australia’s financial intelligence unit, AUSTRAC, has launched a new task force to target cryptocurrency ATM providers suspected of violating anti-money laundering (AML) regulations. Brendan Thomas, AUSTRAC CEO, highlighted the risks posed by the fast and accessible nature of crypto transactions, which criminals may exploit for money laundering. The task force will ensure ATM operators follow …
France is pushing a new rule to tax Bitcoin and other cryptocurrencies. The plan, introduced by Senator Sylvie Vermeillet, suggests classifying Bitcoin as an “unproductive” asset. If the value of your crypto gains goes over €800,000, you’ll have to pay taxes, even if you haven’t sold it. The idea is to treat Bitcoin like luxury …
Bitcoin (BTC) price surged beyond $100,000 yesterday, propelled by multiple positive developments throughout the year. The flagship cryptocurrency’s ascent has led Standard Chartered to predict that BTC could double in price to $200,000 by the end of 2025. Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered Bitcoin, the top digital asset with […]
David Sacks, the former PayPal COO, just landed a huge role: U.S. AI and Crypto Czar. It’s a big deal, and there’s no way around it. The job? To guide the country’s policy on two of the most important fields in tech right now—artificial intelligence and cryptocurrency. But can he actually pull it off? That’s …
The last few months have seen a series of significant developments in the cryptocurrency space, especially regarding Solana (SOL) and its potential ETF. There were key announcements like the Solana ETP in Canada and the launch of a $60 million Solana startup fund, followed by VanEck’s filing for a Solana ETF. The filing has sparked …
After Bitcoin reached the $100K milestone, Donald Trump made another huge appointment, this time in the AI and Tech sector. He named David Sacks, a tech heavyweight and former COO of PayPal, as his White House Artificial Intelligence (AI) and Cryptocurrency Czar. This announcement comes just a day after Trump selected Paul Atkins, a well-known …
On the day Republican leader Donald Trump, with a pro-crypto position, was named as the winner of the US presidential election, it became almost certain that crypto skeptic Gary Gensler would lose his job as the chair of the US Securities and Exchange Commission. Yesterday, as expected, the president-elect announced his plan to appoint renowned …
President-elect Trump has selected crypto supporter Paul Atkins to lead the SEC. This move is part of Trump’s broader goal to create a more crypto-friendly environment, a message that has been well received by the digital currency community. Atkins’ nomination is seen as a strategic choice to replace Gary Gensler, the current SEC chair, who …
The most anticipated question of who could be the next SEC Chair has finally come to an end, as President-elect Donald Trump in his latest Truth social post noted that he officially nominates Paul Atkins as the next SEC Chair. “I am delighted to announce the nomination of Paul Atkins to be the next Chairman …
Russian President Vladimir Putin has expressed his optimism for the bright future of Bitcoin (BTC) and digital assets. Putin spoke earlier today and highlighted the notable developments in the web3 space, which has the potential for future growth in the near term amid the escalating global geopolitical differences. The Russian president recently enacted a law …
Could a pro-crypto leader shape the future of U.S. crypto regulations? Fox Business Reports suggest Donald Trump’s team is considering some big names for the Commodity Futures Trading Commission (CFTC) chair—and they’re crypto-friendly! As of now, there are some grey areas in the US administration in terms of crypto, and to make it crypto-friendly we …
India’s GST department has found a massive ₹722.43 crore ($85M) tax evasion by Nest Services, a crypto exchange linked to Binance Group. In addition to this, 17 other crypto exchanges have been charged for evading GST, with a total amount of ₹824.14 crore. Big platforms like WazirX, CoinDCX, and CoinSwitch Kuber are also in the …
Australia is making big changes to its crypto rules. The Australian Securities and Investments Commission (ASIC) has proposed new licensing requirements, meaning crypto businesses will no longer be able to avoid following the rules. These changes could force many crypto firms to get licensed, but some fear it could push startups to leave the country. …
Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. Related Reading: Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC A New Crypto Era […]
President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained. Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W. Bush, is well-respected in …
The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFAC’s overreach in the Tornado Cash sentencing.
While the entire crypto market buzzed last week that all previous crypto cases may drop, the SEC has plan B in action. SEC drops a bombshell by appointing Jorge Tenreiro to Chief Litigation Counsel, a move that signals the agency’s commitment to strict crypto oversight. Recently Tenreiro has updated his profile as SEC’s Chief Litigation …
The crypto market is now betting heavily that the US Federal Reserve will cut interest rates by 0.25% in December. According to the CME FedWatch tool, the chances of this happening have risen to 74.5%, up from 66% just a few days ago. This means more and more investors believe the central bank will take …
Bitcoin’s push towards $100,000 has hit a roadblock, causing investors to rethink their strategies. While big buyers like MicroStrategy are still active, other cryptocurrencies are seeing more attention. The U.S. government’s recent transfer of nearly 20,000 Bitcoin to Coinbase has raised eyebrows, with many experts calling it a bad move, especially as Bitcoin’s global importance …
Following the historic victory of Donald Trump as the next POTUS last month, the mainstream adoption of Bitcoin (BTC) and digital assets has gained significant traction. The upcoming US president promised to launch a strategic national Bitcoin stockpile, which will add to the existing BTC holdings. The creation of a strategic Bitcoin reserve in the …
Donald Trump’s potential pick to replace Gary Gensler as SEC Chair may be announced soon. Reports suggest Trump’s team is considering Paul Atkins, a former commissioner known for his pro-crypto views and innovative approach. Atkins has a reputation for supporting cryptocurrency growth and regulatory clarity in the rapidly evolving digital asset space. If appointed, he …
It’s not every day you see a giant like Coinbase walk away from a booming market. Yet, that’s exactly what happened in Turkey. Coinbase, which had big plans for the country just three months ago, suddenly called it quits. So, what went wrong? The answer lies in Turkey’s increasingly tough stance on crypto regulation, and …
The cryptocurrency community is still in a frenzied state following the undisputed victory of pro-crypto US leaders led by President-elect Donald Trump. The Trump administration has promised a tone of goodies for the cryptocurrency industry due to the overwhelming support during last month’s election. Already, institutional investors’ confidence in the cryptocurrency industry has significantly surged …