Trump’s new crypto czar called OpenAI a ‘piranha for-profit company’
David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s. Go to Source
Government
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Crypto industry execs approve of Trump’s pick to lead SEC
Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure. Go to Source
NYC mayor gloats about Bitcoin holdings: ‘Who’s laughing now?’
Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin. Go to Source
Binance, WazirX among crypto firms evading taxes in India, says gov’t
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Go to Source
US Bitcoin reserve is possible to achieve but not without downsides
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms. Go to Source
Brazil proposes to ban stablecoin withdrawals to self-custodial wallets
Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask. Go to Source
Tether’s $5B mint and political entanglements raise suspicion about industry
Unraveling Tether’s complex web of financial maneuvers and its impact on the global crypto market. Go to Source
Potential SEC chair pledges crypto-forward approach after Gensler resignation
Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator’s approach to crypto in 2025. Go to Source
Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day. Go to Source
Russia to restrict crypto mining in 13 regions to save electricity
If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk. Go to Source