Trump’s first week in office: Will crypto regulation take a back seat?

January 17, 2025 Coin Telegraph

Crypto investors and commentators are hopeful ahead of Trump’s inauguration, anticipating innovation-friendly regulations from his first day in office.

Crypto investors are increasingly optimistic as they await the inauguration of US President-elect Donald Trump on Jan. 20, anticipating more innovation-friendly regulations in the world’s largest economy.

Investors are also eagerly anticipating Paul Atkins as Trump’s pick for the new Securities and Exchange Commission chair.

While Trump has previously highlighted his intentions to bolster crypto innovation in the US, issuing regulatory frameworks takes time, according to Anastasija Plotnikova, co-founder and CEO of Fideum — a regulatory and blockchain infrastructure firm focused on institutions.

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SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner

October 12, 2024 Bitcoin.com

bitcoin.com

A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s […]

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Dutch regulator warns of crypto pump-and-dump risks ahead of MiCA

September 29, 2024 Coin Telegraph

AFM

The Dutch AFM issued warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCA’s implementation in December.

The Dutch Authority for the Financial Markets (AFM) warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulation.

According to an official AFM press release, the Markets in Crypto-Assets Regulation (MiCA) will come into effect on Dec. 30.

Under MiCA, market manipulation practices like pump-and-dump schemes will be explicitly prohibited in the European Union.

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Nigerian Entrepreneur: Recent Regulatory Moves Signal Support for Crypto

September 22, 2024 Bitcoin.com

bitcoin.com

While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which recently obtained an operating license, believes these developments could lead to broader adoption of crypto assets in Nigeria. Quidax Wins […]

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SEC expands Binance lawsuit: AXS, FIL, ATOM now securities

September 13, 2024 Coin Telegraph

Axie Infinity

The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.

The United States Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance, the centralized cryptocurrency exchange, to broaden the scope of its claims.

The SEC’s updated legal filings now list an additional range of tokens as securities, including Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA).

The development follows the continued pattern of the SEC’s ongoing efforts to regulate the crypto industry and classify digital assets as securities.

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Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO

September 11, 2024 Coin Telegraph

Australian crypto market

Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated.

Millions of potenial Australian crypto investors are “sitting on the sidelines” until regulations around the market are clearer, says the head of a local crypto exchange.

Jason Titman, the CEO of Swyftx, told Cointelegraph that his firm predicts between two to six million Australians will enter crypto when “the dust has settled on regulation.”

A Swyftx survey found nearly a third of respondents would be more likely to buy crypto if it were regulated, while 41% said they didn’t trust crypto without regulation.

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Singapore probes illegal Worldcoin accounts and token sales

September 10, 2024 Coin Telegraph

biometric data

Singapore is investigating unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity.

Worldcoin, the controversial cryptocurrency project known for capturing identity data, is under investigation in Singapore for potential involvement in money laundering and financing terrorism.

On Sept. 9, Gan Kim Yong, the deputy prime minister of Singapore and chairman of the Monetary Authority of Singapore (MAS), revealed an ongoing investigation into a group of individuals offering third-party sales and purchases of Worldcoin accounts and tokens.

During a parliamentary discussion, Yong said that seven individuals were under police investigation for offering Worldcoin-related services without licenses, which is considered an offense under the Payment Services Act 2019:

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Crypto leaders, Harris campaign officials to hold roundtable

August 3, 2024 Coin Telegraph

Biden Administration

The roundtable hosted by Representative Ro Khanna is an opportunity for the cryptocurrency industry to influence the policy direction of Vice President Kamala Harris’s election campaign.

Crypto executives are scheduled to meet privately “next week” with White House aides and Democratic Party Representative Ro Khanna to address pressing issues and propose policy changes.

According to a Bloomberg report, the roundtable will include high-ranking officials from Vice President Kamala Harris’s election campaign and the White House, including outgoing senior White House adviser Anita Dunn, National Economic Adviser Lael Brainard and Deputy Chief of Staff Bruce Reed.

The roundtable could be a sign of the administration’s willingness to engage with the cryptocurrency sector and address its concerns around policy and regulation, highlighting the growing prominence of the digital asset sector in United States politics.

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2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

August 3, 2024 Coin Telegraph

bipartisan support

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

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ChatGPT X account replicates Joe Biden’s ‘I’m sick’ post

July 21, 2024 Coin Telegraph

2024 election

The official X account for OpenAI’s ChatGPT used the same “I’m sick” post as United States President Joe Biden did before playfully mocking general intelligence.

The X account for OpenAI’s ChatGPT has light-heartedly replicated a post by United States President Joe Biden, which was commonly interpreted as “I’m sick” in relation to his recent positive COVID-19 diagnosis. Biden, however, used the statement with a different twist to mock billionaire investor Elon Musk.

“I’m sick,” ChatGPT wrote in a July 20 post on X, before similarly playing on the words, by elaborating “of general intelligence not being ubiquitous and too cheap to meter.”

It was only two days prior to Biden making a similar “I’m Sick” post before making a claim that Musk is attempting to “buy the election.” The post comes amid Biden facing calls from some in the Democratic Party to step aside in the 2024 election.

Cryptocurrency Regulation