In a recent statement on social media platform X, Jesse Powell, the founder of the Kraken exchange, has thrown his weight behind Brian Brooks for the role of Chair of the Securities and Exchange Commission (SEC). Powell’s endorsement underscores Brooks’ deep understanding of financial regulations, which transcends the realm of cryptocurrency to encompass the broader
Regulation
In the ever-evolving landscape of defense and technology, Major Jason Lowery of the U.S. Space Force stands at the forefront of a groundbreaking initiative aimed at merging cryptocurrency with national security. Recently, Lowery made waves by announcing his application for a military advisory role on the National Security Council (NSC) and the White House Office
The evolving political landscape in the United States is likely to have far-reaching implications for the cryptocurrency sector. With the election of Donald Trump as President, many anticipate a significant shift in the regulatory approach toward digital assets. During his campaign, Trump indicated a desire to diminish stringent enforcement actions against cryptocurrencies, suggesting a refocus
The Securities and Exchange Commission (SEC) has long been a pivotal figure in the financial regulation landscape of the United States, safeguarding investor rights and ensuring market integrity. However, under the leadership of Chair Gary Gensler, the SEC has faced serious accusations ranging from overreach to malfeasance, particularly in the burgeoning area of cryptocurrency. Former
Recent developments within the U.S. Attorney’s Office in Manhattan signal a significant shift in the government’s approach to prosecuting crypto-related crimes. Following successful high-profile convictions, including that of FTX founder Sam Bankman-Fried, the office has announced a decrease in its focus on cryptocurrency cases. This change, stated by Scott Hartman, co-chief of the securities and
In recent developments, the Hong Kong Monetary Authority (HKMA) has issued a critical warning about the misleading practices employed by some foreign cryptocurrency firms. These entities, in a bid to enhance their credibility and gain the trust of local customers, have begun to brand themselves as banks. As stated in a notice on November 15,
In the ever-evolving landscape of cryptocurrency regulation, former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo has stepped into the spotlight to refute rumors about potential nominations for the Chair position of the US Securities and Exchange Commission (SEC). The speculation regarding Giancarlo’s return to a high-ranking regulatory role comes at a time when the
The evolving landscape of digital currencies has sparked significant dialogue around legal and ethical frameworks governing cryptocurrency ownership, particularly among federal employees in the United States. The Digital Chamber of Commerce, a prominent blockchain advocacy group, has recently called upon the US Office of Government Ethics to re-evaluate its stringent regulations that prohibit federal employees
As we delve deeper into the landscape of cryptocurrency, one potential factor that could significantly reshape its trajectory is the impact of leadership changes in the United States. The CEO of Hashkey Group, Xiao Feng, has posited that a pro-crypto administration under Donald Trump could motivate China to re-evaluate its stringent regulations regarding digital assets.
In a surprising turn of events, U.S. President-elect Donald Trump has unveiled plans to establish the Department of Government Efficiency (DOGE), signaling a bold move to tackle bureaucratic waste within the federal government. Appointing prominent advocates of cryptocurrency, Elon Musk and Vivek Ramaswamy, to lead this new initiative demonstrates Trump’s intent to innovate governance in