Jesse Powell, the visionary behind the Kraken cryptocurrency exchange, has emerged as a prominent advocate for the appointment of Brian Brooks as the next Chair of the Securities and Exchange Commission (SEC). In a recent post on the social media platform X, Powell articulated his robust support for Brooks, underscoring his expansive knowledge of both
Regulation
Grayscale Investments recently made headlines by updating its proposals for Bitcoin and Ethereum Covered Call ETFs, as detailed in filings made to the US Securities and Exchange Commission (SEC) on November 18. This strategic move emerges in an evolving cryptocurrency landscape, positioning Grayscale to generate income through carefully structured options contracts linked to its various
In an era where cyber threats continue to evolve, the intersection of technology and national defense has spurred discussions on innovative approaches to security. Major Jason Lowery of the U.S. Space Force has recently thrown his hat into the ring by applying to serve as a military advisor on the National Security Council (NSC) and
The political landscape surrounding cryptocurrency enforcement in the United States is poised for significant transformation with the ascendance of Republican President-elect Donald Trump. His campaign underscored a commitment to deregulating certain sectors, and this sentiment extends to the world of cryptocurrency. Current and former government attorneys have indicated that under Trump’s administration, the impetus to
The leadership of Gary Gensler as the chair of the U.S. Securities and Exchange Commission (SEC) has drawn sharp criticism from various sectors, particularly the cryptocurrency industry. Tyler Winklevoss, co-founder of crypto exchange Gemini and an erstwhile Olympic rower, has expressed vehement dissatisfaction with Gensler’s approach. In a post on social media platform X, Winklevoss
In a recent advisory issued on November 15, the Hong Kong Monetary Authority (HKMA) urged residents to be cautious of foreign cryptocurrency firms misrepresenting themselves as legitimate banks. This warning comes as the region sharpens its focus on ensuring the integrity of its financial system and protecting its citizens from potential fraud. The HKMA’s vigilance
On November 14, during the PLI Annual Institute on Securities Regulation, SEC Chair Gary Gensler delivered an insightful speech that illuminated the regulatory landscape for cryptocurrencies in the United States. His address conveyed not only the SEC’s regulatory priorities but also his personal reflections, perhaps suggesting a transitional phase for both Gensler and the agency.
Christopher Giancarlo, once at the helm of the Commodity Futures Trading Commission (CFTC), has recently refuted speculations suggesting he might take on the role of Chair at the U.S. Securities and Exchange Commission (SEC). Interestingly, he has also expressed disinterest in potential crypto-related positions within the U.S. Treasury Department. Giancarlo’s statement, particularly his reference to
The landscape of digital asset ownership continues to evolve, often outpacing existing regulations. A recent development sheds light on the tension between innovation and governance: the Digital Chamber of Commerce has made a compelling case to the US Office of Government Ethics. The organization urges a reevaluation of the current prohibition against federal employees owning
On November 13, law enforcement’s unexpected seizure of Shayne Coplan’s personal electronics, the CEO of Polymarket, has raised eyebrows and ignited speculation about governmental motivations. Reports detail that federal agents conducted a raid on Coplan’s Soho residence at dawn, confiscating his devices without a clear motive provided at that moment. Such actions have evoked concerns