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Policy
Garlinghouse: 2024 Election Presented Opportunity to Inform Voters About Crypto
In a recent 60 Minutes interview, Ripple CEO Brad Garlinghouse stated that the 2024 election marked a significant triumph for the crypto industry, with the majority of candidates supported by Fairshake, a crypto PAC, winning their respective seats. This achievement, he noted, was the result of a bipartisan effort, as the crypto industry itself transcends party lines, citing the cross-party suppor…
Dec. 9, 2024, 7:47 a.m.
Policy
FSOC Remains Cautious About Stablecoins
The Financial Stability Oversight Council has released its annual report for 2024, highlighting various risks and concerns within the US and global financial systems. As in previous years, the report emphasizes the role of stablecoins and the broader digital asset sector, although it does not propose concrete measures to address these concerns. The council, composed of US financial agency heads, …
Dec. 7, 2024, 5:01 a.m.
Policy
Circle Achieves Milestone as USDC Becomes Canada's First Regulated Stablecoin
Circle, the issuer of the USDC stablecoin, announced on Wednesday that it has pledged to comply with Canada's tightened regulations, allowing its $40 billion stablecoin to remain listed on exchanges. According to the company, "USDC has become the first stablecoin to reach this milestone." Circle is working closely with Canadian authorities to develop a regulated market for global stablecoins, whi…
Dec. 5, 2024, 6:16 p.m.
Policy
Putin Asserts That Cryptocurrencies Cannot Be Banned: Reports From State Media
President Vladimir Putin of Russia stated that it is impossible for anyone to prohibit the use of cryptocurrencies such as bitcoin, and that their development will continue unabated, as reported by the news agency RIA. At an investment conference held in Moscow on Wednesday, Putin posed the question, "Who has the authority to ban bitcoin?" and responded, "No one." He further emphasized, "And wh…
Dec. 4, 2024, 3:46 p.m.
Policy
Javier Milei's First Year: Why Argentina's Crypto Community Admires Him
It's been nearly a year since Javier Milei took office as the 59th President of Argentina. Since his inauguration on December 10, 2023, the charismatic libertarian economist has made significant strides in tackling the nation's hyperinflation crisis and reducing government spending. As a result, Argentina's monthly inflation rate has decreased dramatically, from 25.5% in December 2023 to 2.7% in …
Dec. 4, 2024, 1:28 p.m.
Policy
Trump Eyes Pro-Crypto Experts Perianne Boring and Caroline Pham as Potential CFTC Heads
A report by Fox Business suggests that two prominent figures with crypto-friendly backgrounds, Perianne Boring and Caroline Pham, are being considered by President-elect Donald Trump to lead the Commodity Futures Trading Commission (CFTC). This move could potentially position the CFTC as a key regulator for digital assets under the Trump administration. Boring, known for her advocacy against what…
Dec. 4, 2024, 5:49 a.m.
Policy
Founder of Celsius, Alex Mashinsky, Admits to Fraud Charges
The founder and former CEO of the now-bankrupt cryptocurrency lending platform Celsius Network, Alex Mashinsky, has pleaded guilty to two counts of fraud. According to reports, Mashinsky has agreed to a maximum prison sentence of 30 years. His guilty plea comes after he was initially charged with seven counts related to the operation and collapse of Celsius in 2022, including fraud and conspiracy…
Dec. 3, 2024, 9:19 p.m.
Policy
Paul Atkins, Trump's Top Choice for SEC Chair, Hesitant to Accept Role
Several factors must align for Paul Atkins, reportedly President-elect Donald Trump's preferred candidate to lead the U.S. Securities and Exchange Commission, to accept the position. Atkins views the role as unappealing due to the significant effort required to overhaul the agency, which he believes was poorly managed by outgoing SEC chair Gary Gensler, according to a person familiar with his tho…
Dec. 3, 2024, 5:39 p.m.
Policy
Celsius to Initiate Second Round of Payments to Creditors as Court Proceedings Await Mashinsky
According to recent court documents filed on November 27, Celsius is preparing to undertake its second round of fund distributions to creditors. This payout will comprise a total of $127 million, which will be disbursed in either bitcoin or USD to creditors spanning five distinct categories, including claims related to retail borrower deposits, general earn claims, withhold claims, unsecured loan…
Nov. 28, 2024, 9:25 a.m.
Policy
A Crypto Czar in the White House?
Details about Donald Trump's crypto plans remain scarce, but recent developments provide insight into his administration's potential approach. The crypto industry is optimistic that Trump's administration will be more supportive than his predecessor's, with companies filing for new crypto-related products and prices surging after the election. A dedicated White House official may oversee crypto p…
Nov. 28, 2024, 3:11 a.m.