Market news: US President-elect Donald Trump has nominated Caroline Pham as acting chair of the US Commodity Futures Trading Commission (CFTC).
Scott Bessent, President-elect Donald Trump's nominee to be Treasury secretary, told a Senate finance committee nomination hearing that he saw "no reason" for the US to have a central bank digital currency (CBDC). "I see no reason for the US to issue a central bank digital currency, which in my view is for countries that have no other investment option," he said. Bessent was appointed a cryptocurrency expert by Trump at the end of November last year, and he has a strong interest in cryptocurrenc...
Trump's nominee for Treasury secretary, Bessent, has supported Federal Reserve Chairperson Jerome Powell to serve out his full term.
U.S. Treasury Secretary Janet Yellen said she had spoken with Trump's nominee for Treasury Secretary, Scott Bessent, to discuss the broad responsibilities of the Treasury Department.
David O. Sacks, Trump's nominee for the White House cryptocurrency and artificial intelligence director position, wrote in Truth Social, Thank you Mr. President. I am honored and grateful for your trust in me. I look forward to advancing America's competitiveness in these critical technology areas.
Trump nominated a crypto-friendly to head the SEC, and the crypto community cheered as bitcoin broke through the $100,000 for the first time since its creation.
Trump has nominated Billy Long, a former member of the U.S. House of Representatives, to be the director of the Internal Revenue Service. In addition, Trump nominated former Senator Kelly Loeffler to head the U.S. Small Business Administration.
Mr. Bethan, Mr. Trump's nominee for Treasury secretary, has suggested in Barron's that Mr. Trump publicly name a successor to Fed chairperson Jerome Powell as soon as he takes office, effectively creating a "shadow Fed chairperson", which Mr. Powell has objected to. "I don't think that's on the table at all," Mr. Powell said on Wednesday. "There's a set of institutional relationships between the Fed and every administration. I totally think we can keep the same relationship." Mr. Powell's term e...
According to sources, SEC chairperson nominee Paul Atkins recently expressed his desire to have Republican commissioner Hester Peirce (known as "crypto mom") lead crypto policy with her Republican colleague Mark Uyeda. It is reported that Peirce wants to lead an internal crypto working group that will reassess the agency's approach to digital assets and open a public dialogue with the industry. Peirce's term ends in June, and it is unclear whether she wants to return to her current position.
Trump has nominated Paul Atkins as chairperson of the Securities and Exchange Commission.
Trump has nominated Paul Atkins as chairperson of the Securities and Exchange Commission.
President-elect Donald Trump has nominated Jared Isaacman as director of Nasa.
According to market news, Trump's nominee for the Drug Enforcement Administration has announced his withdrawal from consideration.
Paul Atkins, Mr. Trump's nominee to chair the SEC, was reluctant to accept the job, according to people familiar with Mr. Atkins's thinking, who said the job was unappealing to him because of the amount of work needed to "turn around a bloated institution" that he blamed on the mismanagement of Gary Gensler, the outgoing chairperson of the Securities Exchange Commission. Atkins is Patomak Glo...
According to market news: Market investors have investigated Paul Atkins, Trump's nominee for SEC chairperson, and found that Paul Atkins has been acting as an advisor to @reserveprotocol for the past few years. It is reported that Reserve Rights (RSR) is the native functional token of the Reserve Protocol, a stablecoin platform on Ethereum. According to Binance, RSR has risen by more than 88% in a short time, and is currently up by 88.43%.