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Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.
On Nov. 22, United States Securities and Exchange Commission (SEC) Chair Gery Gensler announced that he will step down from his position on Jan. 20.
He is widely regarded as one of the most “anti-crypto” SEC chairs in history, and crypto users are celebrating his departure on X.
However, the new pick for SEC Chair will face scrutiny in the US Senate, which must confirm any nominee.
MoonPay Balance will support deposits and withdrawals in euros and British pounds, with future plans to expand to the US.
Cryptocurrency infrastructure firm MoonPay is moving to improve self-custodial spending by introducing a new payment solution allowing users to hold and spend fiat balances.
On Nov. 13, MoonPay officially introduced MoonPay Balance, a new payment tool enabling users to store and spend fiat balances on MoonPay and use it as an entry point to interact with decentralized finance (DeFi).
The new solution empowers users to spend balances through MoonPay’s direct integration with non-custodial or self-custodial wallets like MetaMask, Phantom and Bitcoin.com, according to an announcement shared with Cointelegraph.
The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
dYdX Trading, the firm behind the decentralized crypto exchange, has laid off 35% of its staff, with its newly returned CEO Antonio Juliano hinting at the need for a new company direction.
“Today, I made the incredibly difficult decision to lay off 35% of the dYdX core team,” said Juliano, who rejoined as CEO of the company on Oct. 10 after stepping away from the role in May.
It comes on the same day that Consensys — the firm behind MetaMask — reduced its workforce by 20% in a bid to become a “more agile organization,” according to CEO Joe Lubin.
Blockchain software firm Consensys is begging for clear crypto regulations in an open letter to the next US President. In the letter, Consensys says regardless of who wins the upcoming presidential election, the path the government is currently taking toward regulating the crypto industry – which includes taking enforcement actions against law-abiding companies – is […]
The post Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President appeared first on The Daily Hodl.
More than one billion individuals remain unbanked or without adequate access to banking services, according to 2022 data from the World Bank.
Popular DeFi wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until the moment the transaction is processed and the customer's digital assets are converted into fiat for payment at retail outlets, online shopping outlets, and other merchants.
In a statement to Cointelegraph, Lorenzo Santos, senior product manager at Consensys explained that users need to hold their crypto on the Linea network and use Linea to set spending limits on the card.
The MetaMask Card could revolutionize financial accessibility and bridge the gap between traditional and blockchain payment systems.
The post MetaMask debuts Mastercard debit card for instant purchases from wallet appeared first on Crypto Briefing.