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The token is up by over 70% weekly, prompting questions whether the dinner invite was a stunt to dump TRUMP.
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A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming… Widely followed crypto analyst and trader Inmortal says that one Dogecoin (DOGE) rival is in… A widely followed crypto analyst says several indicators are suddenly flashing bullish for Bitcoin (BTC)…. A lack of clear regulatory guidelines makes it difficult to know which options are legal, and also creates challenges to providing safeguards in a market that’s seen its share of hacks. Atkins told reporters on the sidelines of the session that he was open to a broad reassessment of crypto-related rules. Get Tri-state area news delivered to your inbox with NBC New York’s News Headlines newsletter.
- The FDIC will also work with the other banking agencies to replace interagency documents issued in January and February related to crypto-assets with further guidance or regulations.
- In contrast, she praised the Trump Administration’s openness, citing the first-ever White House Crypto Summit last month—just a day Trump signed an Executive Order establishing a “Strategic Bitcoin Reserve.”
- Crypto custody has been a particularly dicey topic at the agency, which under Gensler’s reign had sought to approve a policy demanding investment advisers put their clients’ digital assets only with certain qualified custodians.
- The crypto industry was critical to President Donald Trump’s election victory in November, pumping money into his campaign as well as supporting congressional candidates viewed as friendly to its efforts, following a tumultuous four years during Joe Biden’s presidency.
- That, they warned, could open the door to major players like Tether, an international cryptocurrency whose opaque reserve practices and regulatory controversies have long worried U.S. officials.
Friday’s roundtable was the third in a series the agency has held on crypto matters, this time focused on custody in the industry. Crypto custody has been a particularly dicey topic at the agency, which under Gensler’s reign had sought to approve a policy demanding investment advisers put their clients’ digital assets only with certain qualified custodians. Gensler had argued that the rule was meant to exclude most of the existing crypto platforms as suitable custodians, but the effort was put on ice. At its core, a stablecoin is a digital token pegged to a fiat currency like the U.S. dollar, designed to offer the speed and accessibility of crypto without the volatility of assets like Bitcoin or Ethereum. Today, stablecoins represent a $238 billion market—up from $152 billion just a year ago—and are increasingly used for everything from cross-border payments to decentralized finance.
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Cointelegraph’s latest news on fintech and cryptocurrency is the best source to rely on while deciding on trading strategies and investment options. Atkins had served as an adviser to crypto entities such as the Digital Chamber and as a board member of tokenization firm Securitize, and his ties to Off the Chain Capital had previously linked him to its investment stakes in big crypto companies like Digital Currency Group (DCG) and Kraken. The Coinbase Bitcoin Yield Fund opens for business on May 1 and promises returns initially from basis trading, with lending and options strategies to be used in the future, according to launch partner Aspen Digital. Monero (XMR) has outperformed the crypto market so far this week following what appears to… Atkins said on Friday that the SEC would continue taking action against foreign companies that failed to abide by U.S. rules, including delisting Chinese firms if necessary.
Tether Reveals $770,000,000 Physical Gold Bullion Reserves Backing XAUT Stablecoin
The project’s website claims that 80% of the token supply is held by the Trump Organization and affiliated entities. President Trump has since taken numerous steps to pay the industry back, signing an executive order to create a strategic bitcoin reserve and pardoning three co-founders of the BitMEX global cryptocurrency exchange as well as Silk Road founder Ross Ulbricht. The crypto industry was critical to President Donald Trump’s election victory in November, pumping money into his campaign as well as supporting congressional candidates viewed as friendly to its efforts, following a tumultuous four years during Joe Biden’s presidency. To have the latest news means to be the first in making meaningful choices and to know everything significant before your competitors do.
Critics worry that Trump’s direct financial stake in a market he’s trying to regulate could complicate legislative efforts—or worse, politicize them. Some panelists raised alarms about a provision in the Senate’s GENIUS Act that would allow foreign stablecoin issuers to apply for U.S. licenses directly through the Treasury Department—without the same oversight faced https://finotraze.org/ by domestic firms. That, they warned, could open the door to major players like Tether, an international cryptocurrency whose opaque reserve practices and regulatory controversies have long worried U.S. officials. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers.
Some investors prefer to custody their own holdings with private keys stored on hardware wallets, or “cold storage,” versus using crypto brokerage firm — “hot wallets” — and other third-party options. Get crypto market analysis and curated news delivered right to your inbox every week. The FDIC will also work with the other banking agencies to replace interagency documents issued in January and February related to crypto-assets with further guidance or regulations.