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Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG

Donald Trump’s inauguration is just a week away, but key crypto legislation may take a bit longer to come into effect, cautioned NYDIG.

Donald Trump’s inauguration is just days away and the US president-elect has promised to overhaul crypto regulations, but the New York Digital Investment Group says that could be a way off.

NYDIG global head of research Greg Cipolaro said in a Jan. 10 research note that it “would caution on expecting immediate changes” to crypto policy, even with Trump taking office on Jan. 20.

Cipolaro said that while the inauguration is renewing hopes for the incoming administration to execute many of its campaign promises, “many can happen quickly, but some may take some time.”

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report

Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report

The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is proposing a new rule that would mandate crypto […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Oklahoma senator introduces Bitcoin Freedom Act for BTC payments

“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar,” said Senator Deevers after introducing the bill.

Republican senator for Oklahoma, Dusty Deevers, has filed legislation that would allow employees and residents in the state to opt to receive payment and salaries in Bitcoin (BTC) and enable vendors to accept BTC payments.

“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” said Deevers after introducing the Bitcoin Freedom Act on Jan. 8.

“As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people,” he added. 

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule

Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule

Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for decentralized finance (DeFi) brokers. According to a new press release by the Treasury Department, while the new rules don’t add any taxes on crypto assets, they require DeFi brokers to report on the […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Trump Doubles Down on Regulation Cuts—Plans to Slash 10 Rules per New Policy

Trump Doubles Down on Regulation Cuts—Plans to Slash 10 Rules per New PolicyDonald Trump unveils an aggressive plan to slash 10 regulations for every new one, promising unprecedented deregulation to spur jobs, innovation, and economic growth. Regulation Overhaul: Trump’s Ambitious 10-for-1 Cut Strategy Explained U.S. President-elect Donald Trump is gearing up to initiate sweeping regulatory reforms across numerous industries, promising significant changes aimed at boosting economic growth. […]

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Why Hong Kong has grown into a crypto hub — CEO of WOW Summit

"Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.

Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong's status as a special economic region.

Ivanov told Cointelegraph that Hong Kong's special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:

The WOW Summit CEO added that Hong Kong's stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure

One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure

One of the oldest central banks in England is giving companies until March 2025 to disclose their exposure to digital assets. In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Ripple CTO Calls on US Government To End All Indirect Regulation Including Alleged Debanking of Tech Founders

Ripple CTO Calls on US Government To End All Indirect Regulation Including Alleged Debanking of Tech Founders

The chief technology officer of Ripple Labs says that the government needs to address the alleged unconstitutional unbanking of many crypto and tech founders. In a new thread on the social media platform X, Ripple CTO David Schwartz accuses the government of pressuring banks to cancel unfavored individuals and businesses with no evidence that they […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Coinbase CEO Brian Armstrong Brands $213,000,000,000 Anti-Money Laundering Regulations As Policy Failures

Coinbase CEO Brian Armstrong Brands 3,000,000,000 Anti-Money Laundering Regulations As Policy Failures

Coinbase chief Brian Armstrong says that the US government’s efforts to curb money laundering have been a failure and a misuse of public funds. In a post on the social media platform X, Armstrong says that the US anti-money laundering (AML) policies should be reviewed by President-elect Donald Trump’s proposed Department of Government Efficiency (DOGE) […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations

Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations

The top US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) clients know that USDC staking is coming to an end due to Markets in Crypto-Assets (MiCA) regulations. “MICA is kicking in -> Sunsetting […]

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report