Donald Trump’s AI Crypto Czar, David Sacks, is scheduled to hold a press conference today at 2:30 PM Eastern Time, where he is expected to outline the U.S. government’s plan for the leadership strategy in the digital asset domain. The press conference schedule features a lineup of GOP lawmakers and
Donald John Trump has finally chaired the US President role for the second time after winning elections in 2024. One of the indisputable factors behind Trump’s win is his support of the crypto industry. Trump re-election impact on crypto will be favorable to the industry, bringing clear regulations. What has
Global crypto investment products such as iShares, Grayscale, Fidelity, Bitwise, CoinShares, BlackRock witnessed $1.9 billion inflows last week. CoinShares reports that a recent crypto executive order, aimed at making the US a crypto capital, is the major driver behind the fund inflows. Even though several altcoins witnessed increased fund inflows,
President Donald Trump finally put an end to the long wait of the crypto industry and signed a crypto executive order to make the US a crypto-friendly country. The much-awaited executive order is here to fulfill the promise of Trump to make the “US a crypto capital of the planet.”
Massachusetts has introduced a bill to create a Bitcoin reserve, marking a significant moment for cryptocurrency adoption. Republican Senator Peter Durant of Worcester County proposed the legislation. This initiative positions Massachusetts as the first deep blue state to pursue such a bold financial strategy. MASSIVE BREAKING: A bill to establish
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
Standard Chartered, a British multinational bank, has launched a new entity in Luxembourg. This provides crypto and digital asset custody services across the European Union (EU). Besides, this step follows the introduction of the Markets in Crypto Assets (MiCA) regulation, by which the bank can respond to the rising demand
Societe Generale has accomplished its first collateralized market transaction executed in collaboration with the Bank of France. It has employed the technological capabilities of Societe Generale’s blockchain subsidiary, SG-Forge. Moreover, this transaction is the first-ever repo operation in digital securities involving a central bank of the Eurosystem. This demonstrates the
Fidelity International and Citi have unveiled a proof-of-concept (PoC) for an on-chain money market fund (MMF) featuring a digital foreign exchange (FX) swap solution. This was announced ahead of the Singapore FinTech Festival 2024 happening from November 6–8. The solution jointly developed demonstrates the real-time settlement of tokenized MMF transactions
The US regulatory sector has shown persistent evolution this year. While some regulations have posed challenges for crypto advancements, others have aided the industry. Relatedly, in a recent report, tZERO announced that it had received a Special Purpose Broker-Dealer License from regulatory bodies – SEC and FINRA. According to tZERO’s
