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Senator Elizabeth Warren Warns Stablecoins Could ‘Blow Up Our Entire Financial System’

Senator Elizabeth Warren Warns Stablecoins Could ‘Blow Up Our Entire Financial System’

Senator Elizabeth Warren is worried a bipartisan stablecoin bill working its way through Congress doesn’t do enough to address the systemic risks she thinks the dollar-pegged assets pose. Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for […]

The post Senator Elizabeth Warren Warns Stablecoins Could ‘Blow Up Our Entire Financial System’ appeared first on The Daily Hodl.

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”

US Senator Elizabeth Warren has penned an open letter to US President-elect Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office. 

In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more power to sanction the crypto sector.

“Should AML/CFT and sanctions programs include risk-based provisions reasonably designed to prevent money laundering or terrorist financing involving digital assets,” wrote Warren, who is soon to be the top Democrat on the Senate Banking, Housing and Urban Affairs Committee. 

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Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0

Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.

Former United States prosecutor and crypto advocate John Deaton has offered the incoming Trump administration to lead a probe into Operation Chokepoint 2.0 — an unconfirmed initiative that allegedly attempted to cut crypto companies from the traditional banking system.

“If these actions go unchallenged, it creates a dangerous precedent where regulatory bodies can quietly suppress entire industries they disfavor, stifling innovation, competition, and economic opportunity,” Deaton said in a Jan. 4 X post addressed to incoming United States President Donald Trump, Vice President JD Vance and Department of Government Efficiency leaders Elon Musk and Vivek Ramaswamy.

“This isn’t just a fight for crypto, it’s a fight against the erosion of institutional integrity and the unchecked power of unelected bureaucrats,” Deaton said in the X post, which was also addressed to Secretary of Commerce Howard Lutnik and David Sacks, who will lead Trump’s AI and crypto “czar.”

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Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Donald Trump Considering Chamber of Digital Commerce CEO Perianne Boring for CFTC Chair: Report

Donald Trump Considering Chamber of Digital Commerce CEO Perianne Boring for CFTC Chair: Report

President-elect Donald Trump is considering appointing Perianne Boring, chief executive of the Chamber of Digital Commerce, as Chair of the Commodity Futures Trading Commission (CFTC). According to a new report by Fox Business, anonymous sources familiar with the matter say that Trump is considering Boring to take the reins of the regulatory agency, partially due […]

The post Donald Trump Considering Chamber of Digital Commerce CEO Perianne Boring for CFTC Chair: Report appeared first on The Daily Hodl.

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Coinbase CEO, Elon Musk Back Pro-Crypto Senate Challenger Against Elizabeth Warren

Coinbase CEO, Elon Musk Back Pro-Crypto Senate Challenger Against Elizabeth WarrenCoinbase CEO Brian Armstrong and Tesla CEO Elon Musk have voiced their support for pro-crypto Senate candidate John Deaton in his race against Elizabeth Warren. Armstrong warned that Warren, a vocal crypto critic, has pushed harmful regulations and backed U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s efforts to curb the industry. Musk signaled […]

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Coinbase CEO Brian Armstrong backs Republican Senate candidates

Armstrong has endorsed pro-crypto Senate candidates, backing Republicans like John Deaton and David McCormick for their stance on digital asset policies.

Coinbase co-founder and CEO Brian Armstrong has endorsed several Republican candidates for the United States Senate in the November elections.

Armstrong took to X on Oct. 20 to show support for pro-crypto Senate candidates, including the pro-XRP (XRP) lawyer John Deaton and former Bridgewater Associates CEO David McCormick.

Both candidates are running under the Republican Party banner, with Deaton running for a Senate seat in Massachusetts and McCormick in Pennsylvania.

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Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Elizabeth Warren’s Anti-Crypto Stance Takes Center Stage in Senate Debate With John Deaton

Elizabeth Warren’s Anti-Crypto Stance Takes Center Stage in Senate Debate With John DeatonIn a heated debate for the Massachusetts Senate seat, Elizabeth Warren and John Deaton clashed on the future of cryptocurrency, focusing on bitcoin’s role in banking and its regulation. The conversation highlighted stark contrasts in their views on financial stability and consumer protection. Warren vs. Deaton: Senate Candidates Clash Over Views on Crypto John Deaton, […]

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to Choose

Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to ChooseElizabeth Warren has been a major political figure in Massachusetts for over a decade. While she’s known for championing consumer protection and taking on big banks, her stance on modern financial innovation—particularly her aggressive opposition to cryptocurrency—shows that her leadership is increasingly out of touch with today’s fast-changing economy. Massachusetts needs fresh leadership that embraces […]

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up CitiSenator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the […]

Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto — Nic Carter

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.

Former crypto-friendly bank Silvergate likely would have survived had it not been forced into voluntary liquidation by United States regulators trying to “decapitate” the cryptocurrency industry, an industry executive claimed.

“I believe Silvergate could have survived its drawdown — and was on a path to do so,” Nic Carter, a partner at blockchain-focused Castle Island Ventures, wrote in a Sept. 25 Pirate Wires article.

He cited Silvergate Bank’s recent bankruptcy filings, and conversations with sources revealed that President Joe Biden’s administration told the bank that it must cap crypto deposits at 15% or face consequences.

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Grayscale’s AVAX Trust Seeks Nasdaq Listing in New SEC Filing