As Donald Trump prepares to take office, the crypto industry enjoys unprecedented support in Washington — but could partisan bickering spoil its chances?
In a potentially major turn for crypto regulation in the US, Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission (CFTC), has revealed his resignation, effective January 20, with his exit from the commission scheduled for February 7. Behnam Resigns, Leaves Key Regulatory Challenges In Crypto In a statement released Tuesday morning, Behnam […]
In recent weeks, the crypto industry has been celebrating significant political shifts, with a pro-crypto President-elect and key appointments signaling a potentially favorable environment for digital assets in the United States. As reported by Bloomberg, the landscape seems to be changing, prompting optimism about the future of cryptocurrencies. Trump Administration Appointments Signal New Era For […]
In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results. Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in […]
The US Securities and Exchange Commission (SEC) has faced increasing criticism in recent years over its regulatory approach to the crypto industry under President Biden’s administration, characterized by increased enforcement actions and lawsuits against major players. Commissioner Mark Uyeda recently voiced his concerns, describing the SEC’s strategy and regulation of the nascent crypto market as […]
With the 2024 presidential election just around the corner, crypto has gained significant momentum as a key issue in the race to the White House, especially with candidates Vice President Kamala Harris and former President Donald Trump expressing support for the digital asset industry. However, law experts assert that it is not the US President […]
The US Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his skeptical stance towards the crypto industry, is under investigation by Republican lawmakers. The investigation, led by Representatives Jim Jordan, Patrick McHenry, and James Comer, centers on allegations of political favoritism in the SEC’s hiring practices. SEC Hiring Scandal In the letter addressed […]
Former President Donald Trump made waves at the recent 2024 Bitcoin Conference in Nashville when he pledged to “make crypto great again” – including firing the Securities and Exchange Commission (SEC) Chair on his first day back in the White House. Trump’s promise to oust the crypto-skeptic Gary Gensler resonated with many in the crypto industry who […]
In a recent development, Coinbase, the largest cryptocurrency exchange in the United States, has initiated a legal offensive against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The lawsuits, filed in a Washington, D.C., district court, aim to secure access to internal records that would shed light on what Coinbase […]
In a landmark case brought by the US Department of Justice (DOJ), two individuals have been convicted of manipulating the price of a crypto asset deemed a “security” and allegedly conspiring to defraud investors by purchasing Hydrogen Technology’s HYDRO cryptocurrency. The federal jury’s verdict resulted in significant prison terms for the defendants and established a crucial […]
In the lead-up to the November elections, cryptocurrencies have become a prominent topic in the race for the White House. Notably, the Biden administration has changed its approach to digital asset regulation, likely influenced by former President Donald Trump’s support for the nascent industry. Biden Administration Calls For Balanced Crypto Regulation In an executive release, […]
A recent report by OpenSecrets.org revealed that cryptocurrency industry Super Political Action Committees (PACs) have accumulated a staggering $102 million war chest to exert their influence on the upcoming 2024 US congressional elections. The data, compiled by Public Citizen, highlights the sector’s concerted efforts to sway elections in favor of pro-crypto candidates and impede regulatory […]
In a recent development, the United States Attorney’s Office in Massachusetts has taken legal action to reclaim $2.3 million in crypto assets and return it to 37 victims who fell prey to online scams and fraud. The civil forfeiture action aims to forfeit various cryptocurrencies, including Circle’s USD Coin (USDC), Tether (USDT), Tron (TRX), Solana […]