Jesse Powell, the founder of the well-known cryptocurrency exchange Kraken, has publicly endorsed Brian Brooks, the ex-acting US Comptroller of the Currency, as a prime candidate for the position of Chair of the Securities and Exchange Commission (SEC). Through a post shared on X, Powell articulated a compelling narrative, emphasizing Brooks’ versatile expertise in financial
Regulation
In a digital age where cybersecurity threats loom large, the integration of innovative technologies into national defense strategies is paramount. Major Jason Lowery of the U.S. Space Force believes that Bitcoin’s Proof-of-Work (PoW) technology is a game changer in this regard. Lowery’s application to serve as a military advisor on the National Security Council (NSC)
The election of Donald Trump as President heralds significant changes in the regulatory landscape for cryptocurrencies. Promising to reform various government enforcement policies, Trump aims to lessen the stringent oversight that has characterized the cryptocurrency sector, particularly in relation to fraud cases. Current and former lawyers in government suggest that the regulatory focus will pivot
The role of the U.S. Securities and Exchange Commission (SEC) and its leaders often draws scrutiny, particularly as it pertains to the volatile landscape of cryptocurrency. Recent comments from Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini and former Olympic rower, have thrust SEC Chair Gary Gensler into the spotlight amidst growing allegations of misconduct
The U.S. Attorney’s Office in Manhattan has recently announced a significant pivot regarding its approach to prosecuting cryptocurrency-related crimes. This change, articulated by Scott Hartman, co-chief of the securities and commodities task force for the Southern District of New York, came to light during a legal conference in New York. Hartman indicated that a decrease
As the modern financial landscape continues to evolve, the rise of cryptocurrencies and digital finance has attracted attention from regulators worldwide. Hong Kong, a significant player in the global financial sector, is at the forefront of this transformation. However, with innovation comes the inevitable risk of deception. The Hong Kong Monetary Authority (HKMA) has recently
Former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo has recently addressed rumors regarding his consideration for a potential role as the next Chair of the U.S. Securities and Exchange Commission (SEC). In an assertive display, Giancarlo denied any interest in this position, as well as in a role related to cryptocurrency within the U.S.
The ongoing transformation in digital finance, particularly regarding cryptocurrencies, has produced a wide array of regulations aimed at governing their use. Recently, the Digital Chamber of Commerce has taken steps to challenge the existing restrictions imposed on federal employees concerning their ability to own digital assets. In a letter addressed to Shelley Finlayson, the Acting
Xiao Feng, the CEO of Hashkey Group, presents an intriguing perspective regarding the evolving landscape of cryptocurrencies, particularly concerning China’s stringent regulations. In a recent conversation with the South China Morning Post, he posited that a shift in the United States political climate, particularly under a pro-crypto Trump administration, could prompt China to rethink its
In a striking move reflective of the current technological age, President-elect Donald Trump has unveiled an audacious initiative to overhaul government operations through the newly formed Department of Government Efficiency (DOGE). Appointing influential figures like tech visionary Elon Musk and former presidential contender Vivek Ramaswamy underscores Trump’s commitment to reforming federal structures, steering them towards
