Two recent shepherds of U.S. crypto oversight — Republican former lawmaker Patrick McHenry and Democrat former Commodity Futures Trading Commission chief Rostin Behnam — shared a view that there’s a tremendous amount of work still to do on U.S. crypto legislation but that now is the moment to do it. McHenry, in a discussion hosted … Read more
Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), which is majority-owned by U.S. President Donald Trump, is considering launching a cryptocurrency. “As part of our rewards program, we’re exploring the introduction of a utility token with a Truth digital wallet that can initially be used to pay for Truth+ … Read more
The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration’s tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The … Read more
SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank. “We’re going to re-enter the crypto business, which we had to exit,” SoFi CEO Anthony Noto said in an interview with CNBC. “We’ll re-enter the business … Read more
Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday. The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its Congressionally-defined authority” by sanctioning the crypto mixing service’s smart … Read more
New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing. In a joint letter to District Judge Richard Berman of the Southern District of New York (SDNY), both prosecutors and lawyers for Rodriguez and Hill requested … Read more
When Dean Skurka joined Bitbuy in 2018, the platform had only four employees, a few thousand users, and about $25 million in trading volume. Fast-forward to today, Skurka now oversees WonderFi: A company that’s consolidated multiple Canadian exchanges, boasts 1.7 million accounts, and guards $2 billion in client assets. But Skurka isn’t just sitting on … Read more
Arizona has broken new ground in what’s been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support. It’s unclear whether Governor Katie Hobbs, a Democrat, will look favorably on the … Read more
Base, the popular layer-2 network from cryptocurrency exchange Coinbase (COIN), is now a “stage 1” rollup, said the company, setting up its path towards full decentralization. The transition to a “stage 1” rollup comes as other layer-2s have also reached that milestone, making these networks less reliant on centralized entities. The move means that Base … Read more
Robinhood’s (HOOD) record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online trading platform reports first quarter results after the U.S. market close on Wednesday. The fourth … Read more
