The landscape of financial regulation is shifting dramatically as the digital asset ecosystem gains prominence. In this context, Jesse Powell, the founder of Kraken, has rallied support for Brian Brooks as the next Chair of the Securities and Exchange Commission (SEC). Powell’s endorsement is grounded in Brooks’ extensive background in finance, law, and regulation, essential
Regulation
In an age where technology permeates every aspect of life, the line between digital innovation and national security has become increasingly blurred. Major Jason Lowery of the U.S. Space Force has taken a bold step towards merging these two spheres. By applying to serve as a military advisor on the National Security Council (NSC) and
The landscape of cryptocurrency regulation in the United States has become increasingly contentious, particularly under the leadership of Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC). Recent comments from notable figures, including Tyler Winklevoss, co-founder of the Gemini crypto exchange and a vocal critic of Gensler, have brought renewed attention to the
Following his election, Donald Trump has signaled a shift in the regulatory landscape, particularly concerning cryptocurrency enforcement. During his campaign, Trump pledged to reduce the focus on strict crypto regulations, a promise that seems poised to reshape the operational fabric of the U.S. Justice Department and its associated agencies. Current and former legal experts indicated
In a notable shift, the US Attorney’s Office in Manhattan is recalibrating its focus on prosecuting crimes related to cryptocurrencies. This decision comes on the heels of significant legal victories against prominent figures in the crypto world, including the high-profile conviction of Sam Bankman-Fried, the founder of the now-defunct FTX exchange. Scott Hartman, co-lead of
In a rapidly evolving digital landscape, the allure of cryptocurrencies has led to an influx of firms attempting to capitalize on this popularity. Recent findings from the Hong Kong Monetary Authority (HKMA) reveal troubling practices among certain foreign cryptocurrency businesses, with some misrepresenting themselves as banks. In a notice released on November 15, the HKMA
In a recent statement, Christopher Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), firmly dismissed rampant speculation regarding his potential appointment as the next Chair of the US Securities and Exchange Commission (SEC). He has also expressed no interest in taking on a role related to cryptocurrencies within the Treasury Department, underscoring
In a significant plea for regulatory reassessment, the Digital Chamber of Commerce has reached out to the US Office of Government Ethics, urging a revision of the current prohibitive stance on federal employees owning cryptocurrency. In a letter dated November 13, the blockchain advocacy group proposed that federal workers be allowed to hold a limited
In the rapidly evolving landscape of cryptocurrencies, the stance of political leadership plays a pivotal role, especially when considering major economies like the United States and China. Recent insights from Hashkey Group’s CEO, Xiao Feng, have thrown light on the potential influence that a pro-crypto administration in the US could have on China’s historically stringent
In a surprising move, US President-elect Donald Trump has unveiled an ambitious initiative aimed at reshaping the American government—introducing the Department of Government Efficiency, or DOGE. The appointment of tech luminary Elon Musk and former presidential candidate Vivek Ramaswamy as leaders of this new department signals a significant shift towards incorporating innovation and technology into