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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 […]

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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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 […]

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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, […]

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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 […]

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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 […]

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

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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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

Crypto Super PAC pours $660K into Senate race as US election closes in

With 57 days until the US election, expenditures from Super PACs seem to be heating up in Massachusetts and nationwide.

The Commonwealth Unity Fund, a political action committee (PAC) primarily funded by contributions from the co-founders of Gemini and Ripple Labs, has spent more than $600,000 toward the election of Republican candidate John Deaton in the United States Senate.

According to Federal Election Commission (FEC) records filed on Sept. 6, Commonwealth spent roughly $330,000 on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts US Senate race. The Super PAC also spent the same amount on a media placement supporting Deaton.

The media buy marked one of the first significant expenditures from a crypto-backed Super PAC since Deaton won the Republican nomination for the US Senate race on Sept. 3. Backed by crypto industry leaders including the Winklevoss twins and Kraken co-founder Jesse Powell, the Republican candidate seeks to unseat Sen. Warren, who has served as Massachusetts’ Democratic Senator since 2013. 

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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

Pro-XRP attorney John Deaton wins Republican US Senate primary

The pro-crypto lawyer secured victory in the Massachusetts Republican primary race and will now face off against industry antagonist Elizabeth Warren in November. 

Pro-crypto attorney John Deaton has won the Republican nomination for the U.S. Senate in the Massachusetts primary election and is set to face off against Democratic Senator Elizabeth Warren in November. 

Deaton, a former Marine and outspoken advocate of Ripple (XRP), defeated two other Republican candidates including industrial engineer Bob Antonellis and Quincy city council president Ian Cain to nab the Republican nomination, according to a Sept. 4 report from the Associated Press.

He has secured 64% of votes so far, with just over 43% of the total votes in Massachusetts being counted at the time of publication, according to election tracking data from Politico.

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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

Super PAC spends $70K on crypto-focused Senate race as primary looms

In November, Massachusetts voters will likely have to choose between incumbent Elizabeth Warren and Republican John Deaton or Ian Cain for the US Senate.

On Sept. 3, voters in Massachusetts will decide which political party candidates will advance to the November general election, a race that could have significant repercussions for the crypto industry.

In the 2024 United States Senate election for Massachusetts, three candidates across party lines have expressed staunch pro- or anti-crypto views, attracting financial support from the industry and criticism from others. According to polls conducted in May, incumbent Democratic Senator Elizabeth Warren was still highly favored above all potential Republican candidates, only one of whom will likely face off against her in November.

A lawyer who has penned many amicus briefs on behalf of crypto firms facing litigation from the US Securities and Exchange Commission, John Deaton has the support of many high-profile figures in the digital asset industry. This includes Ripple, which donated $1 million to a political action committee (PAC) supporting Deaton’s campaign, Gemini co-founders Cameron and Tyler Winklevoss, Kraken co-founder Jesse Powell and Cardano founder Charles Hoskinson.

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Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation