Donald Trump, the US Republican Presidential candidate, recently attended the Bitcoin 2024 conference in Nashville on July 27. During his appearance, Trump made bold promises to the crypto voters in attendance regarding the US government’s Bitcoin holdings. He stated that if elected, his administration would enforce a policy mandating the US government to retain “100%”
Agency
During a hearing on July 11, Judge Katherine Polk Failla expressed doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the cryptocurrency exchange. The hearing highlighted Coinbase’s persistent efforts to obtain Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. Judge Failla seemed
In a recent Senate Agriculture Committee hearing, CFTC chair Rostin Behnam expressed openness to the idea of the agency becoming a primary regulator for cryptocurrencies. This proposal, if implemented, would involve changes to the definitions of securities and commodities. Senator Roger Marshall suggested that the CFTC take on the role of primary regulator for digital
Bitwise Chief Compliance Officer (CCO) Katherine Dowling recently expressed optimism regarding the approval of spot Ethereum ETFs, stating that they are “close to the finish line.” She highlighted the positive reception from the SEC, mentioning that discussions about potential products have been well-received. In a recent interview with Bloomberg, Dowling mentioned that the SEC and
Bitcoin (BTC) recently experienced a significant drop in price, hitting its lowest level since February 26. Despite this, Bitfinex analysts have identified on-chain signals that suggest the leading cryptocurrency may be poised for a recovery. This article will delve into the details of these on-chain indicators and their implications for the future price movement of
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission (SEC) and its regulatory authority over the crypto industry. The Chevron doctrine, established in the 1984 case Chevron v. Natural Resources Defense Council, outlined a framework for federal courts to defer to agency
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump
Reports reveal that Montenegrin Prime Minister Milojko Spajić made a significant investment in Terraform Labs back in April 2018, acquiring 750,000 Luna tokens for $75,000. This move positioned him as the 16th investor during the initial fundraising phase of the cryptocurrency project. Unfortunately, Terraform Labs’ cryptocurrency project failed in 2022, resulting in losses exceeding $40
The US Securities and Exchange Commission (SEC) has expressed worries about Circle’s stablecoin, USDC, as the company prepares for a multi-billion dollar initial public offering (IPO). The regulatory body has raised concerns about the potential classification of USDC and other stablecoins as securities under US law. This is not the first time the SEC has