On January 20, President Donald Trump returned to office and signed several executive orders. However, none of these orders addressed digital currency or its regulations, which made some in the crypto community uneasy. Crypto Community Stays Calm Despite Bitcoin Price Drop Since Trump had supported digital assets during his campaign,
The cryptocurrency market experienced heightened volatility as Donald Trump was inaugurated as the 47th U.S. President. His speech, which omitted any mention of bitcoin or crypto policies, triggered widespread sell-offs. According to Coinglass, total liquidations surged to $1.28 billion, affecting over 386,000 traders. Long positions bore the brunt of the
Newly sworn-in President Donald Trump has appointed Mark Uyeda as the acting Chair of the U.S. Securities and Exchange Commission (SEC), according to a White House announcement on Monday. Uyeda, a Republican SEC Commissioner since June 2022, takes over from Gary Gensler, whose tenure was marked by strict regulations and
Nearly half of all venture capital (VC) funding in crypto during Q4 2024 went to U.S.-based startups. Galaxy Digital’s Crypto and Blockchain Venture Capital report, filed on January 15, 2025, revealed this trend. U.S. VC Firms Lead in Q4 The report showed 46% of global VC funds were directed to
Senator Cynthia Lummis (R-WY) has accused the Federal Deposit Insurance Corporation (FDIC) of misconduct in handling cryptocurrency oversight. In a letter to FDIC Chair Marty Gruenberg, Lummis alleged whistleblowers reported document destruction and employee intimidation linked to the agency’s crypto activities. Whistleblowers claimed the FDIC destroyed critical records and restricted
President-elect Donald Trump plans to issue an executive order on January 20, designating cryptocurrency as a national priority. According to reports, the order aims to foster collaboration between government agencies and the crypto industry. It will establish a cryptocurrency advisory council to advocate for industry policies and guide regulatory agencies.
DMCC, the leading international business district that drives the flow of global trade through Dubai, and REIT Development, have announced the launch of the landmark Cryptotower.com in Jumeirah Lakes Towers (JLT). This 17-storey project will support DMCC’s rapidly expanding community of blockchain, DeFi and Web3 companies, bolstering its status as
Pro-crypto Congressman Tom Emmer (R-MN) has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made by Committee Chairman French Hill as part of the 119th Congress subcommittee assignments. The Digital Assets Subcommittee, established in 2023, focuses on regulating crypto
Mudrex Halts Crypto Withdrawals Amid System Improvements Mudrex, an Indian cryptocurrency exchange, recently stopped crypto withdrawals, which left many users confused and frustrated. The company announced on January 11 that the suspension would last until January 28. The reason for the pause is to improve the platform’s systems to prevent
Michael Barr, the Federal Reserve’s vice chair for supervision, announced he will step down from his role on February 28, 2025, in a move that will allow President-elect Donald Trump to appoint a new banking regulator. Barr’s resignation ends a four-year term that was set to last until 2026. However,
