Day: February 4, 2025

SEC downsizes its crypto enforcement unit under Trump administration

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Key Takeaways The SEC is reducing the size of its crypto enforcement unit under the Trump administration. The restructuring is part of efforts to promote crypto growth and reduce regulatory oversight. Share this article The US SEC is reducing the size of its Crypto Assets and Cyber Unit, which had grown to over 50 lawyers and staff under former Chair Gary Gensler’s leadership, according to a new report from the New York Times, citing sources familiar with the change. Lawyers from the SEC’s dedicated crypto unit are being reassigned to…

President Trump’s Crypto Czar Hosts U.S.’s First Press Conference On Bitcoin And Digital Assets

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In the first ever official press conference for digital assets hosted by the U.S. government, Crypto Czar David Sacks and pro-crypto U.S. politicians committed to prioritizing bitcoin and digital assets during the Trump administration. In his opening remarks, Sacks shared that “the President said in his executive order in the first week that it’s the policy of his administration to support the responsible growth and use of digital assets, blockchain technology and related technologies across all sectors of the economy.” He also reminded the audience that in that executive order,…

Ethereum reaches all-time high volume of $38B as Eric Trump voices bullish sentiment

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Key Takeaways Ethereum reached a record daily spot trading volume of $38 billion. Eric Trump publicly expressed optimism about Ethereum’s investment potential. Share this article Ethereum reached a record $38 billion in daily spot trading volume, while Bitcoin logged its third-highest volume at $49 billion, according to David Lawant, Head of Research at FalconX. Unsurprising but for the record: ETH hits an all-time high spot volume of $38b yesterday, while BTC notches its third-highest at $49b pic.twitter.com/KiL8H9VPE6 — David Lawant (@dlawant) February 4, 2025 The surge in trading activity coincided…

SEC Commissioner Hester Peirce outlines Crypto Task Force priorities for digital asset regulation

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Key Takeaways The SEC’s new Crypto Task Force, led by Commissioner Hester Peirce, aims to create a clear, consistent regulatory framework for digital assets. The task force will focus on key areas such as asset classification, exemptions, staking, lending, and cross-border coordination while encouraging public engagement. Share this article The Securities and Exchange Commission launched a new Crypto Task Force led by Commissioner Hester Peirce to develop clearer regulatory guidelines for digital assets, shifting away from the agency’s enforcement-focused approach. The initiative aims to establish a structured framework that protects…

US lawmakers form working group to draft crypto rules as Bitcoin reserve plan gains traction

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Key Takeaways US lawmakers announced a working group to draft regulations for digital assets and stablecoins. The Trump administration will evaluate a national Bitcoin reserve, with White House Crypto Czar David Sacks leading the internal working group. Share this article US lawmakers announced the formation of a working group on Tuesday, tasked with drafting a comprehensive regulatory framework for digital assets and stablecoins. The announcement was made during a press conference featuring White House Crypto and AI Czar David Sacks, alongside key congressional leaders, including Senate Banking Committee Chair Tim…

Why Smart Investors Buy Bitcoin Not Real Estate

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In today’s dynamic economic landscape, seasoned investors are reevaluating their portfolios and considering the potential of Bitcoin as an alternative to traditional assets like real estate. With a finite supply and transformative growth potential, Bitcoin presents a compelling case for forward-thinking investment strategies. Real Estate: The Illusion of Stability Real estate has long been regarded as a safe haven for preserving wealth. However, the housing market is not immune to systemic risks such as interest rate hikes, government intervention, and economic downturns. Moreover, property investments often require significant maintenance costs,…