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SEC’s Mark Uyeda has strong chance of becoming next chair — Lawyer

The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.

As Donald Trump prepares to take office as president of the United States in January 2025, the cryptocurrency community is speculating on the most likely candidates to lead the US Securities and Exchange Commission.

Mark Uyeda, an SEC commissioner, is seen as a strong candidate for the role, according to crypto attorney Jake Chervinsky in an X post on Nov. 6.

Commissioner Uyeda is known for criticizing the crypto regulatory approach by current SEC Chair Gary Gensler, having in October called his policies a “disaster for the whole industry.”

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Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison

Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison

US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu for securing the release of Binance’s compliance officer Tigran Gambaryan from prison. Gambaryan, a former agent of the US Internal Revenue Service (IRS), was visiting Nigeria to address regulatory concerns about Binance when local authorities arrested and jailed him on charges of […]

The post Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison appeared first on The Daily Hodl.

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President Biden thanks Nigerian President for Binance exec’s release

A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.

United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds.

According to an Oct. 29 notice from the White House, President Biden had a call with President Tinubu in which he thanked the Nigerian leader for helping secure “the release on humanitarian grounds of American citizen and former US law enforcement official Tigran Gambaryan.”

The Binance executive had been in Nigeria custody for roughly eight months until being allowed to leave the country on Oct. 23.

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Kamala Harris Pledges to Support Digital Assets — ‘We Will Cut Needless Bureaucracy’

Kamala Harris Pledges to Support Digital Assets — ‘We Will Cut Needless Bureaucracy’Vice President Kamala Harris has pledged to support innovative technologies like artificial intelligence and digital assets while ensuring consumer and investor protection. Her remarks, highlighting AI and cryptocurrency as key aspects of her economic vision, marked her first direct statement on cryptocurrency as the Democratic nominee. Kamala Harris Backs AI and Cryptocurrency at Major Fundraiser […]

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Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status

Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s StatusRussian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]

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RFK Jr.’s Campaign Suspension Gives Donald Trump a Lead Over Kamala Harris: Polymarket

RFK Jr.’s Campaign Suspension Gives Donald Trump a Lead Over Kamala Harris: Polymarket

New data from the decentralized prediction market Polymarket reveals that Donald Trump is leading Kamala Harris in polls after Robert Kennedy Jr. suspended his presidential campaign. According to the crypto casino, which lets users bet on the outcome of anything, Trump now has a 51% chance to win the 2024 presidential election while Harris – […]

The post RFK Jr.’s Campaign Suspension Gives Donald Trump a Lead Over Kamala Harris: Polymarket appeared first on The Daily Hodl.

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Industry execs discussed crypto policy with White House officials: Report

Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.

Several representatives from major cryptocurrency firms reportedly attended a video call with United States lawmakers, officials from the Biden administration and Kamala Harris’ staff. 

According to an Aug. 8 report from Yahoo Finance, industry leaders discussed how the Biden administration might “reset” its approach to crypto policy as President Joe Biden ends his term in January 2025 and through Harris’ campaign. Coinbase Global chief legal officer Paul Grewal, Kraken CEO David Ripley, Ripple CEO Brad Garlinghouse, and Circle CEO Jeremy Allaire reportedly attended the virtual event, initially reported as an in-person roundtable discussion.

The crypto executives reportedly pushed the Biden administration for regulatory clarity in the digital asset space, hinting at the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler. Many in the industry have criticized the SEC under Gensler for bringing enforcement actions against crypto firms that seemingly do not have a clear path to operate legally in the US.

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Crypto coalition calls for ‘clear rules of the road’ from Biden, Harris

Some of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko and Matrixport.

A crypto coalition has added to calls for the current United States administration to implement a clearer digital asset regulatory framework, arguing it would result in “enormous economic and national security benefits” for the country.

In an Aug. 7 letter to President Joe Biden and Vice President Kamala Harris, the Crypto Market Integrity Coalition — a group of crypto firms — said outlining “clear rules of the road” would better protect US consumers from bad actors, promote the US dollar and secure America’s technological edge.

“Digital assets utilizing open, public blockchains present an important opportunity to further cement American values and norms into the global financial system,” CMIC added.

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Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate

Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system.

Kamala Harris, the vice president of the United States, has revealed her running mate for the 2024 US presidential election.

Harris has reportedly chosen Minnesota Governor Tim Walz as her vice presidential pick, four unknown sources familiar with the matter reportedly told CNN.

Walz previously served for over 12 years in Congress and is currently in his second term as Minnesota governor.

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Ex-Ripple board member, Biden adviser joins Harris campaign: Report

Economics adviser Gene Sperling joined Ripple’s board in 2015 after serving under Presidents Bill Clinton and Barack Obama.

One of United States President Joe Biden’s senior economic advisers and a former member of Ripple Labs’ board of directors will be leaving the White House to join Kamala Harris’ 2024 presidential campaign.

In an Aug. 5 notice, President Biden said Gene Sperling would leave his administration, where he had worked as a senior adviser since 2021. Reports suggested that Sperling will join Vice President Kamala Harris’ campaign with roughly three months until the presidential election, with leading candidates including herself and Republican nominee Donald Trump.

Sperling joined Ripple’s board in 2015 after serving as an economic adviser under Presidents Bill Clinton and Barack Obama. He served in the Biden administration starting in 2021. At the time of publication, Ripple’s website did not list the economic adviser as one of its nine-member board of directors.

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