All articles tagged with #crypto policy
The White House is considering additional candidates, including crypto-focused officials like Michael Selig and Tyler Williams, to lead the CFTC as the confirmation process for Brian Quintenz stalls, amid ongoing discussions about the agency's increased role in digital assets and recent resignations leaving it understaffed.
Tether announced the launch of USAT, a new dollar-backed stablecoin, with ex-Trump adviser Bo Hines appointed as CEO. The stablecoin aims to meet US regulatory standards and will utilize Tether’s Hadron platform, reflecting ongoing US and global interest in stablecoins as tools for maintaining dollar dominance and financial stability. Hines's return to the private sector coincides with increased regulatory focus on stablecoins worldwide.
Vice President JD Vance emphasized the strategic importance of Bitcoin and digital assets for the US, criticizing previous administration policies and advocating for clearer, pro-growth regulations to integrate crypto into the mainstream economy, positioning it as a hedge against bad policymaking and inflation.
Bitcoin recently surged past $100,000, prompting President-elect Donald Trump to claim credit for the milestone, attributing it to his pro-crypto policies. Trump has promised to make the U.S. more crypto-friendly, including plans to replace SEC Chair Gary Gensler with crypto advocate Paul Atkins and appointing David Sacks as "White House A.I. & Crypto Czar." Despite the current excitement, analysts predict a potential slowdown in Bitcoin's rally after Trump's inauguration in January 2025.
Cardano's ADA token surged to a seven-month high after founder Charles Hoskinson announced plans to influence U.S. crypto policy under the Trump administration. Hoskinson aims to work with lawmakers and the administration to shape future regulations. Meanwhile, Cardano is pivoting to operate as a Bitcoin Layer 2 solution, enhancing its scalability and security. This comes amid a broader crypto market rally, with Bitcoin reaching new highs.
The SEC's unexpected openness to approving spot Ethereum ETFs signals a significant shift in U.S. crypto policy, influenced by recent political dynamics, including bipartisan support for pro-crypto legislation and pressure from both parties. This move may indicate a broader acceptance of crypto in U.S. politics, though opinions differ on whether it represents a long-term change in the SEC's stance.