FSOC’s Still Worried About Stablecoins
The group’s 2024 report once again highlighted FSOC’s longstanding concerns about stablecoins.
State of Crypto
What Does Trump’s Win Mean for Crypto?
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector.
Here’s Why Today’s U.S. Election Matters for Crypto
It is Election Day in the U.S. At some point in the coming hours, days and weeks, we’ll know which major party wins control of the House of Representatives, the Senate and the White House. Presidential candidates Kamala Harris and Donald Trump might get most of the headlines, but which political party controls Congress probably means a lot in terms of how cryptocurrencies will be treated in the nation, especially in the short term.
Andy Barr’s ‘Vision’ for House Financial Services
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking sectors, among others. He shared some of his thoughts on what his crypto priorities might be during an aside at the Flyover Fintech conference on Monday.
It’s Possible You Shouldn’t Tell Journalists About Your Wash Trading Biz
Last week, the Department of Justice announced charges against over a dozen individuals and entities, arguing these market makers were actually wash trading funds and defrauding people.
Crypto Usage Setting Records Amid Regulatory Uncertainty, A16z Says in Report
The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least once in September, triple the number in late 2023.
The DPRK’s Deep Roots in Crypto
Last week, CoinDesk’s Sam Kessler reported that developers and IT workers employed by the Democratic People’s Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime.
The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison’s Sentencing
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
What to Expect at Former Alameda Research CEO Caroline Ellison’s Sentencing
Former Alameda Research CEO Caroline Ellison will learn her fate in a few hours. She may spend the next several months or years behind bars, but her attorneys, the Department of Justice and the Probation Office all seem to think she should remain a free woman after the amount of cooperation she provided.
Prediction Markets Go to Washington(‘s Appeals Court)
The CFTC is working to ban political prediction markets. Its current goal: Get a federal appeals court to keep one from launching while it argues a judge was mistaken in overturning its rejection of Kalshi.