In the wake of Donald Trump’s election to the presidency, significant changes to the regulatory landscape of cryptocurrency are anticipated. As Trump reshapes priorities within the Justice Department and various regulatory agencies, the approach toward cryptocurrency enforcement is likely to pivot. Trump’s campaign has already indicated a commitment to deprioritizing these digital assets and refocusing
Regulation
The actions of Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC), have sparked significant outcry, particularly from critics within the cryptocurrency realm. Among the most vocal is Tyler Winklevoss, co-founder of the crypto exchange Gemini and a former Olympic rower, who has positioned himself as a significant adversary to Gensler’s
The Manhattan US Attorney’s Office is undergoing a significant transformation regarding its approach to cryptocurrency-related crimes. In a recent announcement, Scott Hartman, co-chief of the securities and commodities task force for the Southern District of New York (SDNY), acknowledged a strategic pivot away from the intense scrutiny that characterized the post-Fall 2022 environment. Hartman articulated
The Hong Kong Monetary Authority (HKMA) has recently issued a stern warning regarding foreign cryptocurrency companies that misrepresent themselves as legitimate banking institutions. This advisory, released on November 15, aims to educate the public on the deceptive practices employed by some overseas firms, which are using banking terminology to build trust among potential users in
Former CFTC Chair Christopher Giancarlo has recently quashed speculation surrounding his potential appointment as the next Chair of the US Securities and Exchange Commission (SEC) or in any role within the US Treasury with a focus on cryptocurrency. Giancarlo, known as ‘Crypto Dad’ for his favorable perspective on digital currencies, firmly stated that he has
The call from the Digital Chamber of Commerce to the US Office of Government Ethics (OGE) to revisit stringent regulations surrounding federal employees’ ownership of cryptocurrencies represents a significant pivot in the discourse on digital asset management within governmental sectors. The OGE policies, enacted in 2022, categorically prohibit federal workers from holding any cryptocurrencies, citing
The landscape of cryptocurrency is deeply intertwined with political dynamics, particularly in the context of the United States and its global influence. Recently, Xiao Feng, the CEO of Hashkey Group, posited that a pro-crypto administration in the United States, potentially led by Donald Trump, could catalyze a significant shift in China’s attitude towards Bitcoin and
The recent appointment of Elon Musk and Vivek Ramaswamy to head the Department of Government Efficiency (DOGE) marks a significant moment in U.S. politics. President-elect Donald Trump aims to dismantle bureaucratic red tape and waste within the federal government, enacting a reform agenda arguably as ambitious as the historical Manhattan Project. By utilizing DOGE, Trump
In recent discussions surrounding financial innovations, Federal Reserve Governor Christopher Waller has emerged as a prominent critic of the necessity of central bank digital currencies (CBDCs) within the United States. Speaking at The Clearing House Annual Conference in November 2024, Waller’s remarks highlighted a crucial query: is there a tangible problem within the current payment
The intersection of politics and technology continues to evolve, with venture capital firm Andreessen Horowitz (a16z) suggesting that the reelection of Donald Trump could serve as a pivotal moment for the beleaguered cryptocurrency sector in the United States. According to the firm’s leaders, the current political climate may usher in a new era of bipartisan