Trump’s Crypto Agenda Faces Roadblocks After Democrats Win Congress
Democrats’ congressional victory raises the risk of stalled crypto legislation, tougher investigations and battles over regulatory appointments.
Cryptocurrency news, market insight, company coverage, and practical guides related to crypto regulation.
Trump says the US is examining a possible North Korean link to Binance’s $6.3 billion hack, without confirming who was responsible or that funds were recovered.
Michael Selig says eligible crypto exchanges could opt into federal oversight with cybersecurity safeguards. The proposal remains under consultation.
Michael Selig imagines appliances spending crypto earnings and raises “Know Your Agent” questions about identity, liability and autonomous trading.
Scott Bessent backs SEC and CFTC action after the CLARITY setback, while arguing that dollar stablecoins can expand demand for US government debt.
Reuters’ review of federal filings highlights political donations from the Winklevoss twins, Chris Larsen, Brian Armstrong and Mike Novogratz.
Binance says it applied through BBrasil on October 23, ahead of Brazil’s filing deadline, as local product restrictions take effect.
Kraken parent Payward plans regulated US perpetual futures through Bitnomial on Hyperliquid, pending approval as HIP-3* enters testnet.
The Bank of Israel rejects crypto as a sanctions workaround. Netanyahu says it remains one option, but acknowledges that it may never be used.
Bybit says its Dubai VASP licence covers spot trading, with derivatives requiring further approval. VARA’s public register still shows its older provisional status.
FINMA has approved Switzerland’s first retail fund holding Bitcoin directly, while the provider, fees and trading launch remain undisclosed.
Bitget is linked to the buyer of GMO’s Z.com EX operator in Thailand, with the acquisition still awaiting regulatory approval and financial terms undisclosed.
At ParaFi Investor Day, Michael Saylor separated crypto adoption from token returns and outlined his vision for Bitcoin-backed digital money.