Coindesk

Republican U.S. Senator Cynthia Lummis took aim at two federal agencies on behalf of the crypto industry this week, just days before the wide-reaching transition of the federal government when President-elect Donald Trump again takes office.Lummis warned the U.S. Marshals Office to slow down its crypto asset sales and she cautioned officials at the Federal Deposit Insurance Corp. that anybody who gets rid of evidence about whether the agency directed banks to drop digital assets clients will be prosecuted, touching on two of the sector's most prominent issues.Keeping the idea of a U.S. bitcoin reserve top-of-mind as a new Congress starts work and Trump returns to the White House next week, the Wyoming Republican sent a letter this week to...

Dear President-Elect Trump,In your keynote address at the Bitcoin conference in Nashville last year, you pledged to make the United States the crypto capital of the world if re-elected for a second term. As you return to the presidential office this Monday, we write to you as practicing members of the crypto law bar to recommend regulatory policies that will help you to achieve that goal.The United States, which rests on the same foundation of personal liberty as crypto, is naturally positioned to lead the world in its development. Unfortunately, U.S. regulators have until now refused to adapt existing laws to digital assets and the blockchains that underpin them (or even to explain why not), and created an unfavorable business...

U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency issues in his nomination hearing on Thursday. But he had a chance to register strong opposition to a U.S. central bank digital currency (CBDC) and to note that he favors a modern outlook on crypto.The billionaire hedge fund manager told the Senate Finance Committee, which is set to consider confirmation of his nomination, that the Federal Reserve shouldn’t issue a digital dollar — a controversial idea that's widely seen by the crypto industry as a governmental incursion on its turf."I see no reason for the U.S. to have a central bank digital currency," he said. "In my mind, a central bank digital...

Born in 2001 in Argentina just as the country began to experience a devastating economic crisis, Amanu founder Gianluca Minoprio saw firsthand how traditional banking systems can fail their users. This experience shaped his mission to create a new type of crypto wallet, one that aims to bridge the gap between traditional finance and blockchain technology.Fresh off multiple wins at the Consensus 2024 hackathon in Texas last May, Amanu is now challenging conventional notions of what a crypto wallet should be (if you’d like to apply for the EasyA Hackathon at Consensus Hong Kong 2025, please go here). The startup is developing a suite of features that extend far beyond traditional wallet functionality: users will soon be able to send...

A strategic bitcoin reserve has been a large part of the crypto discussion ahead of Donald Trump's inauguration, but does the incoming 47th president have other tokens on his mind?Solana's SOL, Ripple's XRP and Hedera's HBAR are among the altcoins outperforming on Thursday, in part thanks to a NYPost report that Trump was "receptive" to the idea of creating an "America-first strategic reserve" of tokens including SOL, XRP and Circle's USDC stablecoin.SOL jumped over 8% to $217 following the report, while XRP continued this week's advance to hit $3.35, just shy of its 2018 record price, per data source CoinGecko. HBAR, the native token of the Hedera Hashgraph network founded by the pseudonymous Texas-based firm, wasn't mentioned in the story,...