Crypto News
One of 2 Remaining Democrats at U.S. CFTC Will Exit When New Chair Arrives
The U.S. Commodity Futures Trading Commission (CFTC) could have an even stronger Republican majority when the chairman picked by President Donald Trump arrives, with the announcement on Wednesday that Democratic Commissioner Christy Goldsmith Romero will step down after that expected confirmation.If Trump nominee Brian Quintenz, a former Republican commissioner at the agency, is approved by the U.S. Senate, the Democrat's exit will leave just Commissioner Kristin Johnson to represent the agency's minority party. This leadership shift would take place at a particularly meaningful moment for the agency, when its expected leading role in crypto is being worked out in Congress and past resistance to the industry is being stripped away with the already active overhaul of CFTC personnel."History has shown...
Tornado Cash Dev Alexey Pertsev Gets $1 Million Donation From Ethereum Foundation
Tornado Cash dev Alexey Pertsev was convicted on money-laundering charges last year and is currently waiting to appeal his conviction.Source link
Report: Bank of America Eyes Stablecoin Launch Pending US Regulatory Approval
Bank of America could launch a U.S. dollar-pegged stablecoin if federal lawmakers pass legislation creating a regulatory framework for such digital assets, CEO Brian Moynihan stated in a Feb. 26, 2025, interview with Fortune magazine. BOA’s Stablecoin Plans Hinge on Pending Congressional Legislation, CEO Says BOA boss Brian Moynihan likened the proposed stablecoin to aSource link
The Future of Crypto Enforcement in the U.S.
Having served as the first chief of the SEC’s crypto unit from 2017 to 2019, I’m often asked what kind of crypto enforcement we should expect to see from the new administration. My first answer is that I do not know. My second answer is that I believe it will be different, but it will not disappear.To anticipate the future of crypto enforcement, we should begin by reviewing the past.The beginningThe SEC’s crypto enforcement unit was formed in 2017 during the first Trump Administration. The early focus was on one, fraud, and two, core capital raising events. Regulation of capital raising is the principal purpose of the Securities Act of 1933. When an investor gives money to an entrepreneur who...
Bitwise Asset Management Raises $70M to Bolster Crypto Offerings
Bitwise Asset Management, a cryptocurrency asset management firm, announced a $70 million funding round on Feb. 25, 2025, backed by investors including Electric Capital, Haun Ventures, Parafi Capital, and Massmutual and Haun Ventures, to expand its team and develop new crypto-focused products. Bitwise’s Major Funding Round Includes Massmutual, Targets Onchain Tech Founded in 2017, BitwiseSource link