Crypto News
End of Crypto Crackdowns? Lawmaker Says ‘Regulation by Enforcement Is Over’
A top lawmaker says the U.S. is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation. A New Era for Crypto and AI Regulation U.S. House Financial Services Committee Chairman Patrick McHenry has highlighted progress in crypto regulation, focusing on new leadership roles and the evolvingSource link
Store-of-Value Coins Steal the Spotlight in a Dynamic Month for Crypto
With the crypto economy cruising at $3.67 trillion, some sectors are shining brighter than others. Over the last 30 days, store-of-value coins such as bitcoin (BTC), litecoin (LTC), XRP, bitcoin cash (BCH), monero (XMR), and dash (DASH) have led the pack. Store-of-Value, Smart Contracts, RWAs, File Storage, and Social Coins Lead the Way This MonthSource link
Bitcoin ETFs Now Hold More BTC Than Satoshi, Experts Say
The funds have purchased 1,104,534 BTC since January, surpassing the 1,100,000 in Satoshi’s public addresses. U.S. Spot ETFs Surpass Satoshi in Bitcoin Held The spot bitcoin ETFs approved by the SEC earlier this year now collectively hold more bitcoin (BTC) than anyone else in the world, including Bitcoin inventor Satoshi Nakamoto himself, according to dataSource link
Charlie Kirk Vows to Champion Roger Ver’s Cause Against Government Overreach
Following Roger Ver’s attorneys submitting a motion to dismiss his tax case, Charlie Kirk, the political activist, author and host of “The Charlie Kirk Show,” took the opportunity to weigh in during a recent episode of his show. Charlie Kirk Rallies for Roger Ver: ‘Time to End the Lawfare’ in Crypto Tax Case On Dec.Source link
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving.Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it “overstepped its congressionally defined authority” in sanctioning “Tornado Cash’s open-source, self-executing software” instead of “the rogue persons and entities who abuse it.”In plain English, Congress didn’t give OFAC the power to do what it did: sanction software code owned by no one.But let’s back up. As I have explained for CoinDesk before, Tornado Cash is a crypto mixer that makes it tougher to trace cryptocurrency transactions....