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The SEC has withdrawn over a dozen rules the agency proposed under Joe Biden, including two crypto-related rules targeting DeFi and digital asset custody CoinTelegraph reported. The SEC said on Thursday that it was “withdrawing certain notices of proposed rulemaking” that were issued between March 2022 and November 2023 under former Chair Gary Gensler. The agency added that it “does
President Trump needs to temper his tough trade talk by adding achievable and measurable goals that can provide the basis for discussions, he was advised, or equity markets will continue to sell off, Fortune reported. According to a report by Politico, Treasury Secretary Scott Bessent urged his boss to provide greater clarity to investors about his ultimate intentions. Up to
Representatives of President Trump’s family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, according to people familiar with the matter, a move that would put Trump in business with the firm that pleaded guilty in 2023 to violating anti-money-laundering requirements, The Wall Street Journal reported. At the same time, Binance’s billioniare founder,
Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump, The New York Times reported. When Mr. Trump entered the ornate State Dining Room after a short wait, the executives
Dressed in ball gowns, tuxedos and “Make Bitcoin Great Again” baseball caps, a crowd of some of the country’s most powerful cryptocurrency executives gathered a few blocks from the White House for a lavish party three days before President Trump’s inauguration, toasting an incoming administration that had vowed to promote the industry’s interests, The New York Times reported. But crypto
President-elect Donald Trump and his family are using the final days before he is sworn in a the 47th president to launch a new cryptocurrency products. It isn’t welcome news to everyone in the crypto industry, Politico reported. The digital assets business is poised to be a big winner in the second Trump administration, with Republicans vowing to advance policy
The U.S. Attorney’s Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday, Reuters reported. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York, gave his assessment one day after President-elect Trump’s former