Jesse Powell, the renowned founder of the Kraken exchange, has recently thrown his support behind Brian Brooks, the former acting Comptroller of the Currency, for the position of Chair of the Securities and Exchange Commission (SEC). Powell’s endorsement highlights the need for experienced regulatory leadership, particularly in an era where cryptocurrency is becoming increasingly prevalent
Regulation
In an era where cybersecurity threats loom larger than ever before, Major Jason Lowery of the U.S. Space Force stands at the forefront of an innovative approach to national defense. With his application to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy
The landscape of financial regulation in the United States is currently marred by disparity and tension, particularly surrounding the actions of Gary Gensler, the chair of the Securities and Exchange Commission (SEC). Critics, among them prominent figures in the cryptocurrency space like Tyler Winklevoss, have raised alarm bells, claiming that Gensler’s behaviors are not merely
The 2024 presidential campaign brought with it a wave of promises from Republican President-elect Donald Trump, particularly focused on halting what he characterized as overreach by regulatory agencies. Among these campaign pledges was a commitment to dial back enforcement in the cryptocurrency sector. Legal experts attending a conference in New York recently discussed this prospective
The landscape of cryptocurrency regulation in the United States is undergoing a significant transformation as the U.S. Attorney’s Office for the Southern District of New York (SDNY) adjusts its prosecutorial focus. Following a series of notable convictions related to cryptocurrency fraud, including the high-profile case against FTX founder Sam Bankman-Fried, the office has announced a
In light of recent developments, the Hong Kong Monetary Authority (HKMA) has issued a strong warning against foreign cryptocurrency firms that misrepresent themselves as banks. This caution emerges from the emergence of certain unscrupulous entities exploiting the banking term to misinform and mislead potential customers in Hong Kong. By leveraging the trusted image associated with
Recent discussions have emerged concerning the future roles of key players within the U.S. regulatory framework, notably the potential appointment of former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo to the position of Chair for the U.S. Securities and Exchange Commission (SEC). Giancarlo, often dubbed ‘Crypto Dad’ for his pro-cryptocurrency stance, has emphatically dismissed
The landscape of digital assets, particularly cryptocurrency, is ever-evolving, prompting calls for fresh perspectives on regulatory policies. One significant development arises from the Digital Chamber of Commerce’s recent appeal to the US Office of Government Ethics concerning the prohibitions on federal employees holding cryptocurrencies. Currently, federal regulations enacted in 2022 forbid employees from owning any
Xiao Feng, the CEO of Hashkey Group, has shared intriguing insights about the potential transformations within China’s cryptocurrency landscape, especially under a pro-cryptocurrency administration in the United States. In an engaging interview with the South China Morning Post, Feng articulated a compelling argument that the interplay between U.S. crypto regulations and China’s economic policies could
In a surprising move, President-elect Donald Trump has inaugurated the Department of Government Efficiency (DOGE) to address pervasive inefficiencies within the Federal government. This initiative, announced on November 13 via Trump’s Truth Social platform, features tech entrepreneur Elon Musk and former presidential candidate Vivek Ramaswamy as its leading figures. The paradigm behind this department stems
In a recent discussion at The Clearing House Annual Conference 2024, Federal Reserve Governor Christopher Waller sparked an important debate regarding the necessity of a central bank digital currency (CBDC) for the United States’ payment system. Waller’s stance is one of skepticism, prompting the question: what problem would a CBDC effectively address? His critique hinges
The landscape of cryptocurrency is inextricably linked to the prevailing political climate, and the recent statement from venture capital powerhouse Andreessen Horowitz (a16z) underscores this connection. The firm’s leaders express a bullish outlook regarding the potential reelection of Donald Trump, indicating that this event could serve as a catalyst for innovation in the U.S. crypto
In a recent regulatory update, the US Securities and Exchange Commission (SEC) announced a delay in its ruling concerning the approval of options trading for Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). As indicated in a filing dated November 8, the SEC has opted for more time to evaluate the
With the conclusion of the recent election cycle, President-Elect Donald Trump’s transition team is meticulously curating a list of potential leaders for critical financial regulatory positions. As reported by Reuters, the team is leaning towards appointing corporate lawyers and seasoned Republican regulators, reflecting a strong inclination to reshape the existing landscape of financial oversight. This