Trump mulls tapping crypto-friendly CFTC chair: Report

November 15, 2024 Coin Telegraph

CFTC

Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration

President-elect Donald Trump's transition team is considering current and former Commodity Futures Trading Commission (CFTC) officials to chair the financial regulatory agency, according to Reuters News.

The CFTC plays a crucial role in regulated cryptocurrency markets in the United States, second only to the Securities and Exchange Commission (SEC).

Summer Mersinger, a Republican CFTC commissioner who has urged the regulator to take a more accommodating stance on crypto, is among those under consideration to chair the agency, Reuters reported.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

Crypto community hopeful about new Senate leader John Thune

November 14, 2024 Coin Telegraph

Bitcoin

Not endorsed by Donald Trump, Senator John Thune defeated the Elon Musk-supported Senator Rick Scott to become the new Senate majority leader.

The cryptocurrency industry has high hopes for regulatory clarity in the United States as the Republican Party elected Senator John Thune of South Dakota as the new Senate majority leader.

Thune won the Senate majority leader race on Nov. 13, defeating the Elon Musk-endorsed Senator Rick Scott of Florida.

“We will work to make America prosperous again by streamlining the bureaucratic machine and overturning costly Biden-Harris regulations,” Thune stated in a speech after winning.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

‘Significant Changes’ Loom: SEC’s Crypto Strategy Faces Potential Overhaul

November 8, 2024 Bitcoin.com

bitcoin.com

Significant changes are on the horizon for the SEC, predicts Coinbase’s legal chief, who foresees a Trump-led agency narrowing its focus to fraud instead of sweeping industry crackdowns. SEC Faces Reckoning — Crypto Industry Awaits New Dawn in Washington Coinbase Chief Legal Officer Paul Grewal foresees “significant changes” to the U.S. Securities and Exchange Commission […]

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

Live Countdown to US Elections 2024: What’s at stake for crypto

November 4, 2024 Coin Telegraph

Bitcoin Price

Follow Cointelegraph’s live updates as we count down to the US Elections 2024, exploring its potential impact on crypto regulations, markets, and the future of digital assets.

This live blog is being actively updated with the latest updates from the US Elections 2024.

In the final hours before Election Day, Democrat Kamala Harris and Republican Donald Trump wrapped up months of campaigning with last-minute rallies and events across swing states.

Harris spent Nov. 4 in Pennsylvania, kicking off her day in Scranton before delivering remarks in Allentown. She also attended rallies and concerts in Pittsburgh and Philadelphia with celebrities.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

CBDCs and crypto should coexist, not compete — CoinDCX co-founder

October 27, 2024 Coin Telegraph

Blockchain

Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.

India’s regulatory position on cryptocurrencies and central bank digital currencies continues to fuel debate, with recent discussions suggesting CBDCs could have an edge over “private cryptocurrencies.”

In an Oct. 23 X post, Sumit Gupta, the co-founder and CEO of CoinDCX, argued that CBDCs and cryptocurrencies like Bitcoin (BTC) serve different purposes and “shouldn’t be viewed as competitors.”

His post prompted responses from the crypto community, with some warning that CBDCs could resemble “digital fiat,” potentially carrying the same inflationary risks as traditional currencies.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

Study: Trump Win Likely to Spark Bullish Trend in Crypto Prices

October 24, 2024 Bitcoin.com

bitcoin.com

A recent study reveals that nearly two-thirds of surveyed U.S. citizens (64.7%) believe a Donald Trump or Republican victory in the presidential election would spark a bullish trend in crypto prices. This optimism stems from the Republican Party’s business-friendly reputation, which resonates with crypto enthusiasts. On the flip side, only 9.1% of respondents think a […]

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

Tether Founder Paolo Ardoino Says US Is Dropping the Ball on Crypto Regulation Amid Run-Up to Election

October 24, 2024 The Daily Hodl

Crypto regulation

The founder and CEO of stablecoin company Tether (USDT) says that whoever wins in the upcoming US presidential election should support the growth of crypto. In an interview, Paolo Ardoino says that while the US has always been the world’s prominent pack leader, it is not the case when it comes to crypto. “The US […]

The post Tether Founder Paolo Ardoino Says US Is Dropping the Ball on Crypto Regulation Amid Run-Up to Election appeared first on The Daily Hodl.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

International agencies report on tokenization to G20 officials

October 22, 2024 Coin Telegraph

BIS

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both released a series of papers ahead of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting on Oct. 23 and 24.

Brazil is the president of the G20 world’s largest economies for 2024 and, like India last year, it called for a discussion of digital currency.

Both the BIS and FSB released papers on tokenization on Oct. 22. Although their studies were carried out independently, the BIS and FSB emphasized common themes.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

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.

Stablecoin Skeptic Michael Barr Steps Down As Vice Chair for Supervision Ahead of Trump Inauguration

ECB Official Says Regulators Have Opportunity To Create New ‘Capital Market for Digital Assets’

October 10, 2024 The Daily Hodl

crypto

An executive board member of the European Central Bank (ECB) says that regulators will play a pivotal role in creating a new capital market for digital assets. In a speech at an event in Frankfurt, Germany, Piero Cipollone says that new digital asset technologies hold promise in improving financial integration in Europe that is being […]

The post ECB Official Says Regulators Have Opportunity To Create New ‘Capital Market for Digital Assets’ appeared first on The Daily Hodl.

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