Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs
One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.” Go to Source
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Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth
Bitcoin’s 2024 returns were doubled by the XRP token, following a significant legal victory for Ripple Labs and expectations of the SEC potentially dropping the lawsuit. Go to Source
Over 86% of Web3 professionals are confident in the future of crypto: Consensys
The surprising workforce optimism comes despite the current regulatory uncertainty ahead of the US elections. Go to Source
Stakeholders urge Nigeria to adopt compliance-focused crypto regulation
While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes. Go to Source
Australian regulator claims win over Kraken’s Bit Trade in federal court
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. Go to Source
Report: Crypto Industry Spends Record $119 Million in 2024 Federal Elections
The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of the cryptocurrency sector in influencing U.S. politics today. Crypto Industry Dominates 2024 … Read more
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s … Read more
Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector. Go to Source
Harris campaign’s alleged crypto reset questioned amid Fed’s bank action
Critics argue that the Fed’s actions represent a significant overreach and could stifle innovation in the rapidly growing cryptocurrency sector. Go to Source
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action … Read more
