On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
President Trump signed an executive order strengthening U.S. leadership in digital financial technology. These include: Protect and promote the ability of individual citizens and private sector entities to access and use open public blockchain networks for legitimate purposes without persecution, including the ability to develop and deploy software, to participate in...
On January 24, according to Fox Business News: President Trump signed an executive order establishing the President's Digital Asset Markets Task Force to strengthen U.S. leadership in digital finance. The task force is tasked with developing a federal regulatory framework to govern digital assets, including stablecoins, and evaluating the creation of strategic national digital asset reserves.
The 119th U.S. Senate Subcommittee on Banking Digital Assets will focus on the following two areas: 1. Promote bipartisan digital asset legislation that promotes responsible innovation and protects consumers, including market structure, stablecoins, and strategic bitcoin reserves. Stringent oversight of federal financial regulators to ensure that they are acting in accordance with the law and that incidents like "Operation Chokepoint 2.0" do not happen again.
Senator Cynthia Lummis has announced her chairpersonship of the Senate Banking Digital Assets Panel. Senator Cynthia Lummis said that digital assets are the future, and if the United States is to maintain its leadership in global financial innovation, Congress needs to pass bipartisan legislation as soon as possible to establish a comprehensive legal framework for digital assets, while strengthening the dollar through strategic bitcoin reserves. She promised to bring the bill to President Trump'...
Geoff Kendrick, global head of digital asset research at Standard Chartered, said inflows from institutional investors could drive up the price of bitcoin and ethereum, which are expected to reach $200,000 and $10,000, respectively, by the end of 2025. He expects institutional inflows into bitcoin in 2025 to exceed 2024 levels, with new money likely to come from long-term investment funds such as pension funds. At the same time, he pointed out that institutional inflows could dampen the strength...
Matthew Sigel, head of digital asset research at VanEck, retweeted the "Second Foundation" tweet on the X platform, with the caption saying that the Ethereum Foundation is not the only entity that can write the future of Ethereum.
On January 22nd, news broke that European digital asset platform Bitpanda will launch the Web3 suite, aiming to make Web3 technology accessible to a wider audience (from seasoned crypto enthusiasts to newbies). The Bitpanda Web3 ecosystem is supported by the Pantos protocol, which supports multi-chain interoperability, as well as the Bitpanda Ecosystem Token (BEST). Bitpanda's Web3 initiative will contain two key components: an uncustodial smart wallet and a Launchpad, with the wallet launching ...
Singapore-based digital asset exchange Crypto.com has launched institutional-grade trading services under its new US-based platform Crypto.com Exchange. According to the announcement, Crypto.com Exchange offers users more than 300 cryptocurrencies and 480 trading pairs to complement its existing retail Crypto.com app for US customers. The Block's data dashboard shows that Crypto.com is the second-largest digital asset exchange after Binance in terms of monthly spot trading volume. As of press ti...
The market had expected an executive order to support the digital asset sector, but it did not appear in a series of actions on Trump's first day in office, instead focusing on topics such as immigration, trade, energy and TikTok. TD Cowen analyst Jaret Seiberg said that the crypto market has been expecting a relevant order, but Trump may sign an executive order related to cryptocurrency that is not substantive. Richard Galvin, co-founder of hedge fund DACM, believes that...
The market had expected an executive order to support the digital asset sector, but it did not appear in a series of actions on Trump's first day in office, instead focusing on topics such as immigration, trade, energy and TikTok. TD Cowen analyst Jaret Seiberg said that the crypto market has been expecting a relevant order, but Trump may sign an executive order related to cryptocurrency that is not substantive. Richard Galvin, co-founder of hedge fund DACM, believes that in light of Trump's...
January 20th news, recently, the Ministry of Commerce and other departments issued two documents, the implementation of mobile phones, tablets, smart watches (bracelets) purchase subsidies, as well as do a good job in 2025 home appliances trade-in work to be arranged, clear specific subsidy categories and standards. According to the subsidy program, individual consumers to buy mobile phones, tablets, smart watches (bracelets) and other three types of digital products subsidy standard is, for a s...
According to The block, the Singapore-based digital asset exchange Crypto.com has received approval in principle for a Crypto Asset Market (MiCA) license. While the exchange does not appear to be fully licensed yet, obtaining final approval will allow Crypto.com to offer services within the European Union once the MiCA rules come into effect in late December 2024. First adopted in April 2023, the MiCA establishes a regulatory framework for digital assets in the European Union, allowing companies...
Digital Currency Group (DCG) has been charged and fined $38 million by the Securities Exchange Commission (SEC) for lending fraud by its subsidiary Genesis. Note: Genesis, a cryptocurrency lending platform owned by DCG, was once one of the largest institutional lending services in the crypto industry. The collapse of cryptocurrency trading platform FTX in November 2022 exacerbated market turmoil. Genesis suspended customer withdrawals during this period and filed for bankruptcy protection in Jan...
据市场消息,数字货币集团(Digital Currency Group,简称 DCG)因其子公司 Genesis 的借贷欺诈行为,被美国证券交易委员会(SEC)指控并处以 3800 万美元罚款。 注:Genesis 是 DCG 旗下加密货币借贷平台,曾是加密行业中最大的机构借贷服务商之一。2022 年 11 月,加密货币交易平台 FTX 的倒闭加剧了市场动荡,Genesis 在此期间暂停客户提款,并于 2023 年 1 月申请破产保护...