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
Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The restriction follows the country’s stringent Gambling Control Act 2022, prohibiting unauthorized online betting activities. Visitors to Polymarket’s site in Singapore now face a warning from the Gambling Regulatory Authority (GRA), stating potential penalties of up to $10,000, six
The U.S. Senate Banking Committee is set to launch its first-ever subcommittee dedicated to digital assets. This move reflects the Senate’s commitment to addressing the growing impact of cryptocurrency on the financial sector. Senator Cynthia Lummis (R-Wyo.), a staunch Bitcoin advocate, is expected to chair the panel pending a committee
Bitcoin (BTC) has surged past the $100,000 mark again, driven by significant institutional purchases from U.S. Spot Bitcoin ETFs. The influx of nearly $1 billion over Friday and Monday has helped Bitcoin maintain its upward momentum. This robust buying trend suggests strong institutional confidence in the flagship cryptocurrency, even as
Ripple has intensified its U.S. hiring efforts, crediting a favorable shift in the crypto regulatory climate under President-elect Donald Trump. The company has doubled its U.S. hiring compared to 2023, expanding into larger offices in cities like San Francisco and New York. 2025 is here and the Trump bull market
Crypto.com has launched stock and exchange-traded fund (ETF) trading for users in the United States. The new feature is available in Pennsylvania, Ohio, Washington, and Arizona. The company announced this expansion on Thursday, January 2, 2025. US users, you can now add stocks and ETFs* to your portfolio! Available in
Donald Trump has chosen Bo Hines, a former college football player and Republican political candidate, to lead his newly created Crypto Council. Hines will take on the role of executive director for the Presidential Council of Advisers for Digital Assets, an initiative to support the growth of the cryptocurrency industry.
The U.S. Senate Banking Committee has canceled its vote on SEC Commissioner Caroline Crenshaw’s renomination. This decision effectively ends her tenure at the regulatory agency. Scheduled for December 18, the vote was called off due to a lack of legislative floor time, as confirmed by a Senate aide. 🚨BREAKING: A
The U.S. Treasury Department, in coordination with the UAE, has imposed sanctions on two Chinese nationals and a UAE-based company for their involvement in laundering millions in cryptocurrency for North Korea. This action underscores the U.S. commitment to countering financial networks that support North Korea’s illicit activities. The Treasury’s Office
The U.S. government is considering a groundbreaking move in the crypto space. Senator Cynthia Lummis has proposed that the United States acquire 1 million Bitcoins. That is roughly 5% of its total supply and it could be held as a strategic reserve for 20 years. If approved, this plan could
