All articles tagged with #crypto regulation
Senate Agriculture Chair John Boozman is considering delaying a key vote on cryptocurrency legislation to allow more bipartisan negotiations with Senator Booker, aiming to consolidate support before the January 15 markup, amidst ongoing bipartisan talks.
The Senate Agriculture Committee has released a draft of a bill to overhaul cryptocurrency regulation, focusing on empowering the CFTC to regulate digital commodities like bitcoin and ether, amid ongoing negotiations and concerns over bipartisan support and agency staffing. The legislation aims to clarify regulatory frameworks for the crypto market, with key issues including the composition of the CFTC and the influence of political and familial ties in crypto regulation. Meanwhile, other legislative and political developments include efforts to reopen the government, debates over hemp industry regulations, and internal Democratic leadership dynamics.
President Trump criticized Rep. Marjorie Taylor Greene for her recent criticisms of GOP strategy, amid ongoing political debates including government shutdown negotiations, crypto regulation legislation, and upcoming congressional retirements. The article covers various political developments, legislative efforts, and internal party dynamics.
President Trump has nominated Mike Selig, a crypto-focused lawyer and former CFTC clerk, as the new chair of the Commodity Futures Trading Commission, following the withdrawal of the initial nominee, Brian Quintenz, due to industry pushback. Selig's appointment aims to stabilize the agency's leadership amid ongoing crypto regulation debates.
Bitcoin may drop below $50,000 amid bearish signals, while Justin Sun urges WLFI to unfreeze his tokens. The week also saw major developments including interest rate cut forecasts, a $6.4 billion crypto treasury deal by Trump-linked media, and regulatory concerns over prediction markets. Additionally, a Bitcoin bear market is predicted to begin in October, and other crypto news highlights include recovery from a phishing attack and significant market movements.
Justin Sun, a major crypto investor, publicly criticized World Liberty Financial after his coins were frozen, amid ongoing tensions and market turmoil involving the company's cryptocurrency, $WLFI, which recently experienced a significant price drop. The dispute highlights concerns over the company's practices and the broader crypto regulatory environment, casting a shadow over the Trump family's crypto ventures.
Former Trump White House staffers are cashing in on their government experience, with some facing longer cooling-off periods before lobbying, while others transition into private sector roles, including lobbying and cryptocurrency regulation, highlighting the high demand for their expertise.
Cryptocurrency prices, including Bitcoin, declined following the Federal Reserve's policy announcement and the White House's digital asset report, which outlined regulatory recommendations and a potential Bitcoin reserve. The Fed maintained interest rates, signaling possible easier monetary policy, which historically has boosted Bitcoin prices. The White House report emphasizes the transformative potential of digital assets and advocates for clearer regulation, a Bitcoin reserve, and opposition to a central bank digital currency. Market reactions have been mixed, with Bitcoin trading around $116,200 amid ongoing consolidation.
The article humorously critiques Donald Trump's speech about the GENIUS Act, a law related to stablecoins, highlighting his incoherent and exaggerated claims, his obsession with Biden, and his promotion of crypto interests, while also noting opposition from Marjorie Taylor Greene who links crypto to biblical prophecy. The piece portrays Trump as unhinged and disconnected from reality, especially regarding his comments on the law, Japan, and crypto industry.
President Trump signed the Genius Act into law, establishing a regulatory framework for stablecoins in the U.S., which aims to enhance financial stability, support the dollar's reserve currency status, and boost crypto industry innovation. The legislation has positively impacted crypto prices, with Bitcoin and other tokens seeing gains, and contributed to the crypto market surpassing $4 trillion in value.
Coinbase's stock surged due to rising Bitcoin prices and positive regulatory developments in Congress, with Bernstein boosting its price target by 65%, highlighting Coinbase's dominant market position and upcoming product launches like perpetual futures.
President Trump is urging the House to quickly pass the GENIUS Act, a bill establishing a framework for stablecoins in the U.S., despite concerns over conflicts of interest and broader crypto legislation debates. The bill has already passed the Senate but faces hurdles in the House, where lawmakers are considering combining it with other crypto laws. Trump also disclosed a $57 million profit from his crypto venture, raising questions about conflicts of interest.
The CLARITY Act aims to clarify digital asset regulation in the U.S. by splitting oversight between the SEC and CFTC, supporting innovation and consumer protections, though it faces criticism over potential loopholes and regulatory gaps, with revisions ongoing as it moves through legislative processes.
The week saw significant developments in the crypto world, including Metaplanet’s plan to acquire 100,000 BTC by 2026, Gemini’s IPO filing, the arrest of a French crypto kidnapping suspect in Morocco, a court victory for the SEC against a crypto scammer, and James Wynn’s $25M loss on leveraged Bitcoin trading amid market volatility.
Vice President JD Vance announced strong support for Bitcoin at the 2025 crypto conference, highlighting recent pro-crypto policies, the creation of the Strategic Bitcoin Reserve, and upcoming legislation to promote mainstream adoption, signaling increased government backing and potential for long-term growth, despite concerns over conflicts of interest.