Trump's team is considering a new White House crypto role to manage policy and regulation with direct presidential access.
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Regulation
Former FTX CTO Gary Wang avoids prison time for role in crypto fraud
Gary Wang avoids prison after pleading guilty in FTX fraud case. His testimony aided the conviction of Sam Bankman-Fried.
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The Crypto Cleanup: South Africa’s New Bid to Exit FATF’s Grey List
South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South African financial intelligence unit has issued a directive obligating digital asset platforms to collect the identities of parties involved in cryptocurrency transactions. […]Ripple CEO Sounds Alarm on SEC Chair Selection Amid Warnings of Oversight Risks
Ripple’s CEO has warned against SEC Chair candidates tied to past enforcement controversies, urging leadership that fosters innovation and ends punitive crypto regulation. A Name Sparks Debate: Ripple CEO Slams SEC Chair Prospect Brad Garlinghouse, CEO of Ripple, has criticized the potential appointment of Caroline Stebbins as the next U.S. Securities and Exchange Commission (SEC) […]Trump considers crypto lawyer Teresa Goody Guillén for SEC Chair
Teresa Goody Guilln is being considered by Trump for SEC Chair, with strong support from the crypto industry for her experience.
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Trump taps pro-Bitcoin Howard Lutnick as Commerce secretary
Lutnick's appointment could significantly influence U.S. trade policies and crypto regulation, potentially reshaping economic and digital landscapes.
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Trump to pick Cantor Fitzgerald CEO Howard Lutnick as Commerce secretary
Trump plans to nominate Lutnick as Commerce Secretary, a choice focused on economic expansion amidst US-China tech tensions.
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Bitfinex Securities launches first tokenized Treasury bills under El Salvador’s law
Bitfinex Securities launches tokenized US Treasury bills in El Salvador, offering 5% yield via Bitcoin tech, under local law.
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Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Hints at Executive Order Implementation
Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally. He stated that several lawmakers are using the legislative model and that a related executive order to implement it could be on its way. Satoshi Action Fund CEO Releases Strategic Bitcoin […]Coinbase CEO to meet with Trump to discuss personnel appointments — WSJ
Before US Election Day, Brian Armstrong said Coinbase was “prepared to work” with either a Kamala Harris or Donald Trump administration.
Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, will reportedly meet with Donald Trump as the president-elect continues to announce staff picks for his administration and the heads of government departments.
According to a Nov. 18 Wall Street Journal report, Trump intended to meet privately with Armstrong to discuss personnel appointments. The Coinbase CEO did not appear to have donated directly to the Republican’s 2024 campaign or political action committees (PACs) directly supporting him but said before the US election the crypto exchange would be prepared to work with a Trump administration.
It’s unclear whether Armstrong or a Coinbase employee could potentially have a role in the next US president’s administration. At the Bitcoin 2024 conference in July, then-candidate Trump said he intended to establish a “Bitcoin and crypto presidential advisory council” to “design transparent regulatory guidance for the benefit of the entire industry” within 100 days of taking office.