Trump’s crypto czar is Solana bull and Multicoin Capital investor
New US “crypto czar” David Sacks is very bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital. Go to Source
Regulation
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Gary Gensler Quietly Sets Aggressive Crypto Crackdown in Motion Before Leaving, Warns Former SEC Official
SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes. Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted … Read more
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
Circle Commits to Updated Canadian Stablecoin Regulatory Requirements
The updated rules were introduced last year and outline several requirements for crypto exchanges and stablecoin issuers. USDC Issuer Circle Claims It Was First to Comply With Canada’s Interim Listing Rules Stablecoin issuer Circle, whose flagship product USDC has a current market capitalization of roughly $40 billion, issued a formal undertaking on Wednesday to Canadian … Read more
Australian Regulator Seeks Public Input on Crypto-Asset Regulations
The Australian Securities and Investments Commission (ASIC) is seeking public input on various issues, including the application of existing regulations to digital assets. A Well-Regulated Financial System for All The ASIC has released a consultation paper proposing updates to Information Sheet (INFO) 225 on crypto-assets. The regulator said the evolving digital asset market necessitates updating … Read more
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
Crypto Boom Ahead? Trump’s SEC Chair Pick Points to New Era for Digital Assets
Donald Trump has nominated pro-crypto Paul Atkins as SEC chair, signaling a strong shift toward innovation-friendly policies and a transformative era for digital assets. Crypto-Friendly Policies in the Works? Trump’s SEC Pick Signals Major Shift U.S. President-elect Donald Trump announced Wednesday on his social media platform, Truth Social, the nomination of Paul Atkins as chairman … Read more
IcomTech promoter sentenced to 10 years in prison
The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence. Go to Source
South Korea Vows to Crack Down on Crypto Money Laundering
South Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South Korea‘s financial services industry regulator recently vowed to crack down on those who use virtual assets for money laundering. Speaking at Anti-Money Laundering Day, Kim Byung-hwan, … Read more
Alex Mashinsky to plead guilty to two charges in plea deal
US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023. Go to Source