The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin (BTC) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will […]
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Pro-crypto Arkansas Representative French Hill has taken leadership of the House committee crucial to molding crypto policy in Donald Trump’s administration.
Crypto-friendly Arkansas Representative French Hill, currently the chair of a digital asset subcommittee, will take over leadership of the United States House Financial Services Committee in next year’s new Congress.
“I am humbled that my colleagues have placed their trust in me to lead the House Financial Services Committee as their next Chairman,” Hill said in a Dec. 12 statement.
He added he looked forward to working “in tandem with President Trump and Senate Banking Committee Chairman Tim Scott to bring common-sense economic policies that will produce a new era of American prosperity.”
A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.
Consumer advocacy organization Public Citizen and other interest groups are urging lawmakers in the United States to act and confirm Caroline Crenshaw to a second term at the Securities and Exchange Commission (SEC) before the next Congress is sworn in.
In a Dec. 12 letter to the US Senate, more than 40 organizations asked lawmakers to vote yes on Crenshaw’s nomination, which could have her working at the SEC until 2029.
The Senate Banking Committee was expected to decide on the SEC commissioner’s nomination on Dec. 11 before a postponement, having many questioning whether lawmakers have enough time to confirm Crenshaw in the current session of Congress.
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.”
Democratic Senator Sherrod Brown gave a final message to United States lawmakers in the Senate Banking Committee before he leaves office in January.
In a Dec. 11 notice, Brown, the Senate banking committee chair, issued a warning as part of prepared remarks for a hearing ahead of the next Congress and President-elect Donald Trump being sworn into office. The Ohio lawmaker said that corporate special interests would have “free rein to rip off workers and customers” based on Trump’s nominations so far.
“He’s opening up our government to the highest corporate bidder,” said Senator Brown, referring to Trump. “It will be up to all of you in this room to preserve the [Consumer Financial Protection Bureau] as the one place where ordinary Americans can go that will fight for them.”
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.
The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.
Top US-based crypto exchange Coinbase’s Freedom of Information Act (FOIA) requests are uncovering more instances where the U.S. Federal Deposit Insurance Corporation (FDIC) asked banks to freeze crypto services. In a new thread on the social media platform X, Coinbase chief legal officer Paul Grewal says the revealed information confirms the notion that the US […]
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Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure.
Many executives representing high-profile cryptocurrency companies in the United States have weighed in on President-elect Donald Trump’s pick for the next chair of the Securities and Exchange Commission (SEC), and the feedback has mostly been positive.
In a Dec. 5 Bloomberg interview, Bitwise Asset Management general counsel Katherine Dowling said former SEC commissioner Paul Atkins was a “great choice” to lead the regulatory body.
She hinted that he could be less “antagonistic” to members of Congress than Gary Gensler, the current SEC chair who will resign on Jan. 20.
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.
The Indian government has detected a significant amount of unpaid goods and service taxes (GST) by major cryptocurrency exchanges, including Binance and WazirX.
India’s Minister of State for Finance, Pankaj Chaudhary, said the government has found 824 crore Indian rupees ($97 million) in GST in unpaid taxes by several crypto exchanges, The Economic Times reported on Dec. 3.
Authorities have reportedly initiated multiple related investigations into crypto exchanges, including WazirX, CoinDCX and CoinSwitch Kuber.
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.
During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad.
While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin (BTC) strategic reserve haven’t been hashed out by lawmakers yet.
Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”
Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator’s approach to crypto in 2025.
Mark Uyeda, a Republican commissioner at the United States Securities and Exchange Commission, has suggested that he would prioritize regulatory clarity for cryptocurrencies if picked and confirmed as the next head of the agency.
Speaking to Fox Business on Nov. 22, Uyeda echoed many of President-elect Donald Trump’s talking points on digital assets, saying that the SEC under Chair Gary Gensler had waged a “war on crypto.” Gensler announced on Nov. 21 that he intended to step down as SEC chair on Jan. 20 — the same day as Trump’s scheduled inauguration.
“First off, from a regulatory perspective, we can provide the appropriate clarity,” said Uyeda. “Some crypto is not even a security at all, but we need to make clear whether you fall within SEC jurisdiction or not.”
