United States

David Sacks has 2 years to push through meaningful policies — lawyer

December 28, 2024 Coin Telegraph

Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.

Recently appointed "AI and crypto czar" David Sacks only has 2 years to push through pro-crypto policies before the 2026 midterm elections in the United States, Joe Doll, the general counsel for NFT marketplace Magic Eden, told Cointelegraph in an interview.

According to Doll, the threat of a gridlocked government could stifle regulations, and the current administration must push through pro-crypto policies while still in control of both chambers of Congress. Doll said:

Trump's numerous appointments of pro-crypto individuals to advisory roles and cabinet positions are widely viewed as a positive development by the crypto community, as the incoming administration promises to pass pro-innovation policies.

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South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report

December 25, 2024 The Daily Hodl

crypto heists

The United States and South Korea are reportedly partnering in a joint research initiative aimed at strengthening protections against the theft of crypto assets. According to a report by the Yonhap News Agency, the U.S. Department of Homeland Security and the government of South Korea signed an agreement to jointly develop technologies aimed at curbing […]

The post South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report appeared first on The Daily Hodl.

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Barclays-backed Copper withdraws UK crypto license application

December 20, 2024 Coin Telegraph

Barclays

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.

Update (Dec. 20, 10:40 am UTC): This article has been updated to include exclusive interview comments from Copper.

Copper Technologies, a cryptocurrency custody firm backed by British multinational bank Barclays, has withdrawn its crypto license application in the United Kingdom.

Copper withdrew its application to register with the UK’s Financial Conduct Authority on Dec. 20, saying it will shift focus to foreign hubs under its new CEO, the firm confirmed to Cointelegraph on Friday.

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Crypto products record 10th consecutive week of inflows at $3.2B

December 16, 2024 Coin Telegraph

Crypto products record 10th consecutive week of inflows at .2B

bitcoin etf

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.

Digital asset investment products saw another $3.2 billion of inflows in the trading week of Dec. 9–13, crypto investment firm CoinShares reported in its latest weekly flows report on Monday, Dec. 16.

This follows a record $3.85 billion in weekly inflows during the previous period, bringing total inflows for 2024 to $44.5 billion.

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French Hill to chair House Financial Services Committee in 2025

December 13, 2024 Coin Telegraph

Coin Telegraph

Pro-crypto Arkansas Representative French Hill has taken leadership of the House committee crucial to molding crypto policy in Donald Trump’s administration.

Crypto-friendly Arkansas Representative French Hill, currently the chair of a digital asset subcommittee, will take over leadership of the United States House Financial Services Committee in next year’s new Congress.

“I am humbled that my colleagues have placed their trust in me to lead the House Financial Services Committee as their next Chairman,” Hill said in a Dec. 12 statement.

He added he looked forward to working “in tandem with President Trump and Senate Banking Committee Chairman Tim Scott to bring common-sense economic policies that will produce a new era of American prosperity.”

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Interest groups call on US Senate to confirm Caroline Crenshaw to SEC

December 13, 2024 Coin Telegraph

Caroline Crenshaw

A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.

Consumer advocacy organization Public Citizen and other interest groups are urging lawmakers in the United States to act and confirm Caroline Crenshaw to a second term at the Securities and Exchange Commission (SEC) before the next Congress is sworn in.

In a Dec. 12 letter to the US Senate, more than 40 organizations asked lawmakers to vote yes on Crenshaw’s nomination, which could have her working at the SEC until 2029.

The Senate Banking Committee was expected to decide on the SEC commissioner’s nomination on Dec. 11 before a postponement, having many questioning whether lawmakers have enough time to confirm Crenshaw in the current session of Congress.

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Sherrod Brown’s final committee message includes a crypto warning

December 11, 2024 Coin Telegraph

Coin Telegraph

In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.”

Democratic Senator Sherrod Brown gave a final message to United States lawmakers in the Senate Banking Committee before he leaves office in January.

In a Dec. 11 notice, Brown, the Senate banking committee chair, issued a warning as part of prepared remarks for a hearing ahead of the next Congress and President-elect Donald Trump being sworn into office. The Ohio lawmaker said that corporate special interests would have “free rein to rip off workers and customers” based on Trump’s nominations so far.

“He’s opening up our government to the highest corporate bidder,” said Senator Brown, referring to Trump. “It will be up to all of you in this room to preserve the [Consumer Financial Protection Bureau] as the one place where ordinary Americans can go that will fight for them.”

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US Dems choose leadership for committees crucial to crypto policy

December 11, 2024 Coin Telegraph

Coin Telegraph

Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.

Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.

In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.

The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.

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Dark money group tied to crypto tries to quash SEC nomination vote

December 10, 2024 Coin Telegraph

Caroline Crenshaw

The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw's renomination as an SEC commissioner.

An organization that has been lobbying the United States government for policies favoring the crypto industry is pushing for lawmakers in a congressional committee to oppose the renomination of Caroline Crenshaw at the Securities and Exchange Commission (SEC).

In a Dec. 9 notice, the Cedar Innovation Foundation said it had launched a “five-figure, multi-channel” digital campaign urging US lawmakers to reject Crenshaw’s nomination for a second term at the SEC. The group claimed that the SEC commissioner was “more anti-crypto” than Chair Gary Gensler on policies like spot Bitcoin (BTC) exchange-traded funds.

“Last month, Americans voted for pro-innovation leadership, and this Sherrod Brown bait-and-switch directly defies the will of the voters,” said Cedar. “We urge lawmakers to vote ‘no.’”

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Crypto industry execs approve of Trump’s pick to lead SEC

December 5, 2024 Coin Telegraph

Coin Telegraph

Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure.

Many executives representing high-profile cryptocurrency companies in the United States have weighed in on President-elect Donald Trump’s pick for the next chair of the Securities and Exchange Commission (SEC), and the feedback has mostly been positive.

In a Dec. 5 Bloomberg interview, Bitwise Asset Management general counsel Katherine Dowling said former SEC commissioner Paul Atkins was a “great choice” to lead the regulatory body.

She hinted that he could be less “antagonistic” to members of Congress than Gary Gensler, the current SEC chair who will resign on Jan. 20.

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