Robinhood’s large donation to President-elect Trump’s inaugural fund signals a shift in tech-political relations. CEO Vlad Tenev criticized the Biden administration’s regulatory stance on crypto and AI, aligning Robinhood with Trump’s approach. Other tech leaders are also engaging with the incoming administration, highlighting a potential realignment of interests.
President-elect Donald Trump’s nomination of Paul Atkins to chair the SEC sends shockwaves through the crypto industry as Bitcoin surpasses $100,000 for the first time. Atkins’ pro-crypto stance contrasts sharply with the outgoing chair’s aggressive regulatory approach, sparking both celebration and concern.
Former CFTC Chairman Chris Giancarlo urges a larger CFTC role in regulating cryptocurrencies, contrasting its approach with the SEC’s. While he highlights the CFTC’s potential, concerns about resource allocation and potential regulatory overlap are raised.
President-elect Donald Trump’s transition team is reportedly considering Paul Atkins, a prominent figure in financial regulation and a known advocate for digital assets, to lead the U.S. Securities and Exchange Commission (SEC). This potential appointment signals a significant shift in the SEC’s regulatory approach towards cryptocurrency and fintech.
The Securities and Exchange Commission (SEC) has announced a record-breaking $8.2 billion in financial penalties for fiscal year 2024, a 67% increase from the previous year. This surge is largely attributed to a massive settlement with Terraform Labs and reflects a tough stance on cryptocurrency regulation under Chair Gary Gensler, who is set to leave office in January.
Thailand has ordered all crypto firms operating within its borders to be licensed and approved. The government aims to protect investors from financial harm and prevent the misuse of crypto assets for illegal activities. Crypto firms that are not registered will be blocked from operating in the country.
