Web3/Crypto News

Ripple CEO: Nominee for new Treasury Secretary is 'pro-innovation, pro-crypto'
Web3/Crypto

Ripple CEO: Nominee for new Treasury Secretary is 'pro-innovation, pro-crypto'

Ripple CEO Brad Garlinghouse expressed optimism regarding Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, suggesting that Bessent will support innovation and the digital asset industry.

Senator Lummis: SEC chair's resignation 'is welcome news for the digital asset industry'
Web3/Crypto

Senator Lummis: SEC chair's resignation 'is welcome news for the digital asset industry'

U.S. Senator Cynthia Lummis expressed her belief that the resignation of Securities and Exchange Commission (SEC) Chair Gary Gensler will benefit the digital asset industry and support financial innovation in the United States.

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Rep. Nickel: SEC Chair's 'tenure has been marked by overreach, excessive and misguided rulemaking, regulation by enforcement'
Web3/Crypto

Rep. Nickel: SEC Chair's 'tenure has been marked by overreach, excessive and misguided rulemaking, regulation by enforcement'

Rep. Wiley Nickel (D-NC) said that the resignation of SEC Chair Gary Gensler provides an opportunity for new leadership to collaborate with Congress in a bipartisan manner to maintain the U.S.'s leadership in financial technology.


Attorney: Next SEC chair 'must take a 'do no harm' approach to the regulation of crypto asset markets'
Web3/Crypto

Attorney: Next SEC chair 'must take a 'do no harm' approach to the regulation of crypto asset markets'

Mike Selig, a partner at Willkie Farr & Gallagher, has called for the next chair of the U.S. Securities and Exchange Commission (SEC) to promote innovation in the cryptocurrency sector and to cease what he describes as the agency's "regulation by...


Crypto influencer: 'Looks bullish for crypto' as SEC leadership poised to change
Web3/Crypto

Crypto influencer: 'Looks bullish for crypto' as SEC leadership poised to change

Crypto influencers are speaking about the potential impacts a change in U.S. Securities and Exchange Commission (SEC) leadership could have on the crypto industry.


Blockchain Association urges Trump administration to prioritize crypto regulation
Web3/Crypto

Blockchain Association urges Trump administration to prioritize crypto regulation

The Blockchain Association has reached out to President-elect Trump and the incoming Congress, submitting a letter that outlines key priorities for the digital asset industry.


Major Crypto Exchanges show US user activity despite being banned from operating in the country
Web3/Crypto

Major Crypto Exchanges show US user activity despite being banned from operating in the country

Nearly one million U.S. users engaged with the apps of Bybit, Bitget, and OKX in August 2024, despite these platforms explicitly prohibiting U.S.-based trading due to regulatory restrictions.


SEC Chair Gary Gensler to step down amid industry criticism
Web3/Crypto

SEC Chair Gary Gensler to step down amid industry criticism

On November 21, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), announced his resignation, effective January 20, 2025.


Court strikes down SEC's dealer rule following legal challenge
Web3/Crypto

Court strikes down SEC's dealer rule following legal challenge

The United States District Court of the Northern District of Texas has ruled that the Securities and Exchange Commission (SEC) exceeded its statutory authority with its dealer rule, which has now been struck down.


Coin Center anticipates mixed crypto policy changes under new administration
Web3/Crypto

Coin Center anticipates mixed crypto policy changes under new administration

Crypto policy was a significant topic in the recent election, raising questions about how supportive the new administration and Congress will be.


Scimeca on SEC Chief Gary Gensler: ‘We're trying to invite him out the door and maybe get a singer and carolers or a chorus of people to join us’
Web3/Crypto

Scimeca on SEC Chief Gary Gensler: ‘We're trying to invite him out the door and maybe get a singer and carolers or a chorus of people to join us’

Consumer Action for a Strong Economy (CASE), a business advocacy group, has launched a six-figure advertising campaign aimed at removing Securities and Exchange Commission (SEC) Chairman Gary Gensler.


Head of Bitcoin Fog cryptocurrency mixer sentenced for laundering $400 million in crypto over twelve years
Web3/Crypto

Head of Bitcoin Fog cryptocurrency mixer sentenced for laundering $400 million in crypto over twelve years

Roman Sterlingov, a dual Russian-Swedish national, has been sentenced to 12 years and six months in prison for his role in operating Bitcoin Fog, a notorious cryptocurrency "mixer" that facilitated the laundering of over $400 million in illicit funds.


Sen. Lummis: Strategic Bitcoin reserve would be 'a game changer for the solvency of our nation'
Web3/Crypto

Sen. Lummis: Strategic Bitcoin reserve would be 'a game changer for the solvency of our nation'

U.S. Senator Cynthia Lummis has expressed her belief that establishing a strategic Bitcoin reserve is feasible in the near future and could enhance U.S. financial stability.


MANTRA CLO: 'House and the Senate agreed that [SAB109] was a terrible idea'
Web3/Crypto

MANTRA CLO: 'House and the Senate agreed that [SAB109] was a terrible idea'

Stephen Peepels, chief legal officer at MANTRA, said that the Senate passed stablecoin regulation, but later both the "House and the Senate" agreed that SAB109 was a "terrible idea," resulting in a veto.


Coinbase Chief Policy Officer: 'Across the ballot and on both sides of the aisle, crypto won this election'
Web3/Crypto

Coinbase Chief Policy Officer: 'Across the ballot and on both sides of the aisle, crypto won this election'

Coinbase Chief Policy Officer Faryar Shirzad has said that numerous bipartisan pro-crypto candidates emerged victorious in recent elections, potentially setting the stage for comprehensive cryptocurrency regulations.


Multicoin Capital general counsel: Pennsylvania Senator-elect McCormick 'gets the economy, national security and crypto'
Web3/Crypto

Multicoin Capital general counsel: Pennsylvania Senator-elect McCormick 'gets the economy, national security and crypto'

Greg Xethalis, general counsel of Multicoin Capital, said that Pennsylvania U.S. Senator-elect Dave McCormick, who defeated incumbent Bob Casey, possesses a good understanding of issues including the economy and cryptocurrency.


Former Binance CEO: The 'classification of crypto' is 'fundamental'
Web3/Crypto

Former Binance CEO: The 'classification of crypto' is 'fundamental'

Changpeng Zhao, founder and former CEO of Binance, addressed the ongoing issue in the United States regarding the classification of cryptocurrency.


Crypto lawyer: We need to give more regulatory 'flexibility to the emerging technology space'
Web3/Crypto

Crypto lawyer: We need to give more regulatory 'flexibility to the emerging technology space'

Irina Heaver, a crypto lawyer at NeosLegal, said that laws and compliance standards are significantly "behind the technology" by 15 to 20 years.


Venture capitalist: Defeated Senate Banking Committee chair 'was incredibly dishonest with his attacks on crypto and fintech'
Web3/Crypto

Venture capitalist: Defeated Senate Banking Committee chair 'was incredibly dishonest with his attacks on crypto and fintech'

Adam Cochran, a partner at the venture capital firm Cinneamhain Ventures, has criticized former U.S. Senator Sherrod Brown for his alleged "dishonest" attacks on cryptocurrency and financial technology.


Coinbase chief legal officer: 'voters said loud and clear that they want change,' including in crypto regulation
Web3/Crypto

Coinbase chief legal officer: 'voters said loud and clear that they want change,' including in crypto regulation

Coinbase Chief Legal Officer Paul Grewal expressed hope that the U.S. Securities and Exchange Commission (SEC) received a message from voters indicating a desire for a change in the regulatory approach to the cryptocurrency industry.