Crypto News
Trump to Tap Former CFTC Commissioner, a16z Policy Head Brian Quintenz for CFTC Head
Brian Quintenz, a one-time commissioner with the Commodity Futures Trading Commission, and Andreessen Horowitz's head of policy, will be Donald Trump's choice to run the federal commodities regulator. Quintenz previously served in the regulator between 2017 and 2021, where he organized the Technology Advisory Committee. During his time as commissioner, he said a self-regulatory organization specific to the crypto industry could help oversee companies. Since leaving the agency, he joined a16z, where he became the head of policy. A16z was one of the major funders of Fairshake, a crypto-focused political action committee which poured close to $140 million into the 2024 election. Punchbowl News first reported the nomination.In a statement, Acting CFTC Chair Caroline Pham said, "I congratulate my friend...
MSTR Shareholders See $1.8B Gain as Strategy Treasury Grows Bitcoin Reserves
Microstrategy’s bitcoin strategy has generated $1.8 billion in gains for shareholders this year, with holdings reaching 478,740 BTC—cementing its status as the ultimate bitcoin stock. Microstrategy’s Bitcoin Strategy Yields $1.8B for MSTR Investors so far This Year Michael Saylor, executive chairman of Microstrategy Inc. (Nasdaq: MSTR), highlighted the company’s latest bitcoin gains in a Feb.Source link
Judge Sides With Thomson Reuters in AI Copyright Dispute
A judge ruled Ross Intelligence copied Westlaw data without permission, in a blow to AI developer's fair use claims.Source link
Fed Chair Confirms US Won’t Launch Digital Dollar Under His Watch
Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where he responded to concernsSource link
New Bill Proposes Strict Stablecoin Regulations With Federal Reserve Oversight
New legislation in the House and Senate seeks to regulate stablecoins, enforcing strict reserve requirements, banning tech giants from issuing them, and cracking down on offshore loopholes. New Bills in House and Senate Seek to Establish US Stablecoin Regulations The U.S. House Committee on Financial Services Democrats announced on Feb. 10 the introduction of aSource link