America Elects the Most Pro-Crypto Congress Ever, Declares Coinbase CEO

November 8, 2024 Bitcoin.com

bitcoin.com

A newly elected, pro-crypto Congress is set to reshape U.S. policy, says Coinbase CEO, with 281 advocates ready to drive clear regulations and economic freedom. Coinbase CEO Welcomes the Most Pro-Crypto Congress in US History Coinbase CEO Brian Armstrong shared his perspectives on the elections this week, viewing the results as a pivotal moment for […]

CFTC Regulatory Case Against Gemini Ends in Million Settlement

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Crypto Power Surge: Over 280 Pro-Crypto Allies Secure US Congress Seats

November 8, 2024 Bitcoin.com

bitcoin.com

A pro-crypto Congress takes shape as more than 280 newly elected crypto-friendly allies promise to drive bold reforms, fueling momentum for a decentralized financial future. A New Congress Emerges, Driven by Crypto Voters and Rising Influence The U.S. cryptocurrency industry saw major successes in this week’s elections, with over 280 pro-crypto candidates winning congressional seats […]

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Anti-Crypto Senator Ousted: Ohio Rejects ‘Crypto Public Enemy’ for New Era

November 7, 2024 Bitcoin.com

bitcoin.com

Ohio’s Senate race delivered a major win for the crypto industry, as Bernie Moreno unseated crypto critic Sherrod Brown, signaling a shift toward pro-digital finance leadership. ‘Crypto Public Enemy’ Defeated as Ohio Elects Digital Finance Champion In Ohio’s Senate election this week, blockchain entrepreneur Bernie Moreno defeated three-term Democratic incumbent Senator Sherrod Brown, a prominent […]

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Senator Lummis’ Bitcoin reserve proposal faces uphill battle

November 6, 2024 Coin Telegraph

China

A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.

United States Senator Cynthia Lummis, long known as the "Crypto Queen" of Capitol Hill, has thrown a financial curveball into the post-election buzz by announcing plans to establish a strategic Bitcoin (BTC) reserve.

Source: Senator Cynthia Lummis

This bold move, declared just hours after Donald Trump's re-election, could redefine the US fiscal strategy, but at the same time raises questions on its feasibility, impact on US debt, policy barriers and market volatility.

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto

November 6, 2024 The Daily Hodl

Brian Armstrong

Coinbase-backed digital asset advocacy group Stand With Crypto says that over 250 pro-crypto candidates were voted into Congress. According to the non-profit organization, last night’s presidential election – which saw Donald Trump defeat Vice President Kamala Harris – also included victories for 257 pro-crypto candidates in the House and 16 in the Senate. However, Stand […]

The post 269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto appeared first on The Daily Hodl.

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

US Election: House races still uncertain after Trump win

November 6, 2024 Coin Telegraph

Coin Telegraph

Though Republicans won the US Presidency and a majority in the Senate, it’s still unclear if Democrats will win enough seats to flip the House of Representatives.

Republicans could notch a trifecta in the 2024 United States elections after Donald Trump won enough Electoral College votes to secure the presidency, and the party flipped three seats to gain a majority in the Senate, but control of the House of Representatives was still up for grabs.

As of Nov. 6, the Associated Press had called 181 seats for Democrats and 199 for Republicans in the House, with the results of 55 races yet to be announced. Whichever party controls the House of Representatives will significantly impact the chamber’s legislative agenda for oversight and passing bills.

Under a Republican majority, the House passed the Financial Innovation and Technology for the 21st Century Act (FIT21), the CBDC Anti-Surveillance State Act and the Financial Technology Protection Act. The bills could move to the Democratic-controlled Senate before a new Congress is sworn in on Jan. 3 or the new Republican-controlled chamber in 2025.

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Ripple ‘made a mistake’ not talking to regulators early, says CEO

October 24, 2024 Coin Telegraph

Brad Garlinghouse

Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, adding it’s now “trying to make up for lost time.”

Ripple Labs CEO Brad Garlinghouse conceded that his company should have engaged with United States regulators earlier, and now it and the crypto industry are playing catch-up after being on the receiving end of legal enforcement actions.

“I’ve made far more trips to DC in the past few years than I did in the years before that,” Garlinghouse said in an Oct. 23 appearance at DC Fintech Week.

Ripple is one of the US crypto firms that has been entangled in a legal battle with the Securities and Exchange Commission, a regulator many US crypto executives claim is antagonistic and unfair to the industry.

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Better Know a Crypto Candidate: Jerrod Sessler

October 23, 2024 Coin Telegraph

2024 Presidential elections

As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on crypto.

Jerrod Sessler is running for Washington’s 4th Congressional District in the United States House of Representatives as a Republican against incumbent Dan Newhouse, who is also a Republican who has held the chair since 2015.

The GOP newcomer is an entrepreneur and the founder of the HomeTask maintenance service. Sessler also served in the US Navy and was previously a NASCAR driver. According to a video statement from Sessler, he strongly opposes the centralization of digital assets:

The Congressional candidate continued, “Those that seek to destroy American Liberty, also seek to centralize crypto. As Congressman, I will fully and completely oppose the centralization of crypto in America.”

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Crypto Super PACs spend $1.3M on candidates as early voting continues

October 18, 2024 Coin Telegraph

Crypto Super PACs spend .3M on candidates as early voting continues

Coin Telegraph

The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections.

With many areas of the United States already allowing residents to cast their ballots in the 2024 election, cryptocurrency-backed political action committees (PACs) have reported roughly $1.3 million worth of expenditures to support the campaigns of Democratic and Republican candidates for the House of Representatives.

In an Oct. 17 filing with the Federal Election Commission (FEC), the Fairshake PAC reported spending more than $900,000 in a media buy supporting Democratic Representative Thomas Suozzi for New York’s 3rd Congressional District. The same PAC disclosed it had spent more than $60,000 on a media buy for Democratic Representative Yadira Caraveo for Colorado’s 8th Congressional District.

Source: FEC

CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

Bipartisan support for crypto is ‘fragile’ — Congressman John Curtis

October 11, 2024 Coin Telegraph

Coin Telegraph

71 Democrats joined their Republican colleagues in a rare bipartisan effort to repeal the SEC’s SAB-121 guidelines from earlier this year.

Congressperson John Curtis, a United States representative for the state of Utah, took the stage at Permissionless III with Utah Senator Mike Lee to discuss the future of digital asset policy in the country.

When asked if the bipartisan cooperation on the repeal of Staff Accounting Bulletin-121 (SAB-121) — which made it incredibly restrictive for banks to custody crypto — was making a comeback, the member of Congress responded, “I think so, but it’s very fragile.” He continued:

“So, I think it’s important to find connection points with Democrats” to reach a consensus on regulatory policy, Curtis concluded, before noting that fellow lawmakers had trouble understanding the complexity of cryptocurrencies.

congress

Share this video