Jesse Powell, the influential figure behind the Kraken exchange, has recently expressed his support for Brian Brooks to assume the role of the next Chair of the Securities and Exchange Commission (SEC). In a post shared on November 19, Powell emphasized Brooks’ extensive background not only in cryptocurrency but also in the broader regulatory landscape.
Regulation
Grayscale Investments has recently taken a significant step in the evolving landscape of cryptocurrency investments by updating its proposals for Bitcoin and Ethereum Covered Call Exchange-Traded Funds (ETFs). Submitted to the U.S. Securities and Exchange Commission (SEC) on November 18, these proposals highlight Grayscale’s intent to offer income-generating investment vehicles that rely on options contracts
In a rapidly evolving digital landscape, the integration of novel technologies into national security paradigms has become increasingly crucial. Major Jason Lowery of the U.S. Space Force embodies this emerging trend, as he has recently applied to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science
As the political landscape transforms with the arrival of President-elect Donald Trump, a significant shift in the enforcement of cryptocurrency regulations appears imminent. During his campaign, Trump made a clear promise to relax the scrutiny on cryptocurrencies, a sentiment echoed by both current and former government lawyers at a recent conference in New York. The
In a era marked by rapid technological advancement, the clash between regulatory bodies and emerging sectors like cryptocurrency has reached a fever pitch. Recently, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini and a former Olympic rower, voiced strong criticism of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC). In a
In a recent announcement, the Hong Kong Monetary Authority (HKMA) has expressed significant concern regarding the misleading operations of certain foreign cryptocurrency firms that are deceptively marketing themselves as banks. This warning, issued on November 15, serves as a critical reminder for consumers to exercise caution in a rapidly evolving financial technology landscape where trust
On November 14, Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered an address at the PLI Annual Institute on Securities Regulation. His speech marked a significant moment, capturing both the current stance and future trajectory of crypto regulation under his leadership. Gensler’s remarks were significantly critical in nature, emphasizing the distinction
Recent discussions surrounding cryptocurrency regulation have frequently highlighted the contrasting positions of former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo and current Securities and Exchange Commission (SEC) Chair Gary Gensler. Giancarlo recently quashed rumors regarding his potential future roles in government, specifically regarding the SEC and crypto-related positions within the US Treasury. His clear
The Digital Chamber of Commerce has put forward a provocative argument advocating for the re-examination of existing restrictions that bar federal employees from owning cryptocurrency. In a communication addressed to Shelley Finlayson, the Acting Director of the US Office of Government Ethics, the Chamber articulated the need for a paradigm shift regarding how the government
On November 13, reports emerged that the FBI had confiscated the electronic devices belonging to Shayne Coplan, the CEO of Polymarket, a platform for prediction markets. According to a report by the New York Post, authorities are investigating the possibility that Polymarket engaged in market manipulation, particularly concerning its predictions related to the political landscape