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Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’

Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures could impact the upcoming election. He suggested that Gensler should be fired if he truly worked for the American people. Ripple CEO Brad Garlinghouse Criticizes SEC […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto

White House Rehires Adviser Who Helped Develop Biden’s Executive Order on CryptoThe White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and Biden

Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and BidenMarathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However, he noted a recent shift in its stance, likely due to the […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review

SEC Demands 2M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in ReviewThe U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Gemini launches campaign finance initiative for pro-crypto candidates

The announcement from Gemini followed $2 million in personal donations from the Winklevoss brothers to former President Trump's re-election campaign.

The Gemini Exchange recently announced its campaign finance project to facilitate campaign contributions to pro-crypto candidates in the United States ahead of the Presidential election this November.

Gemini's announcement followed $2 million in campaign contributions from Cameron and Tyler Winklevoss on June 20, 2024, to former President Trump's re-election campaign.

Minutes before Gemini announced its campaign donation initiative, Tyler Winklevoss issued a lengthy rebuke of Joe Biden and the current administration's hostility toward the crypto industry. "The crime is always success and the reward is always ridicule, fines, and even more red tape," Winklevoss wrote. The entrepreneur and investor then clarified his stance even further.

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded

Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after a jury found Terraform Labs and its co-founder liable for the Terra ecosystem collapse, which erased $40 billion in investor assets.

Chris Amani, CEO of Terraform Labs, has announced that the firm will cease operations following the settlement. The company plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

In other news, lawyers for blockchain payments company Ripple have asked a court to consider an “appropriate” civil penalty in its case with the SEC following a settlement between the regulator and Terraform Labs. The SEC has requested that Ripple pay roughly $2 billion in disgorgement, prejudgement interest and civil penalties. Ripple has argued it should pay no more than a $10 million penalty.

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Gary Gensler could ‘literally cost Joe Biden the election’ — Mark Cuban

The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency

Billionaire investor and cryptocurrency advocate Mark Cuban recently shared his thoughts on the potential for havoc that Gary Gensler’s actions as head of the Securities and Exchange Commission could wreak on incumbent United States president Joe Biden’s bid for reelection. 

Speaking at Coinbase’s State of Crypto Summit, Cuban opined that Gensler could “literally cost Joe Biden the election,” per Fox Business reporter Eleanor Terrett.

This isn’t the first time Cuban has gone on the record to indicate that it’s his belief that Gary Gensler, and by extension the SEC itself, could act as a foil to Biden’s second term hopes. long called for regulatory clarity. As Cointelegraph reported back in May of 2024, Cuban called for the United States Commodity Futures Trading Commission (CFTC) to take over cryptocurrency regulation duties.

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

BODEN memecoins briefly spike after Hunter Biden guilty verdit

Misspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug user when buying a revolver.

Biden-themed Solana memecoins briefly surged then fell again after United States President Joe Biden’s son, Hunter Biden, was found guilty on three charges in a federal gun case.

Jeo Boden (BODEN) — a deliberately misspelled token in reference to the president — jumped 26% to a 24-hour high of nearly $0.20 in the five hours after a Delaware federal court jury convicted his son on June 11, CoinGecko data shows.

Around the same time, the Hunter Boden (HUNTBODEN) token jumped 116% to a daily high $0.0022 — a fraction of a cent — while the First Lady-themed Jill Boden (JILLBODEN) sharply dipped 9%, according to CoinGecko.

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden

Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over BidenTen days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%. Since that time, the gap between Trump and Biden has widened significantly, with Polymarket odds increasingly […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning