President-elect Donald Trump has nominated hedge fund manager and crypto enthusiast Scott Bessent for the Treasury Secretary position.

If you've been keeping an eye on FTX's bankruptcy proceedings, things just got even more interesting. FTX just made another big move. Recently, liquidators received 1.85 million RAY tokens, worth about $11 million. This could change a lot of things in the crypto market.

The SEC is distributing $1 million in penalties from Stoner Cats 2 LLC after the company violated securities laws.

Key Points:

How could Giancarlo's potential role change the crypto game in the States?

Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.

The SEC set a record with $8.2 billion in fines and investor relief in fiscal 2024.

Donald Trump has nominated pro-crypto hedge fund manager Scott Bessent to serve as the next Secretary of the Treasury. The post Trump Taps Pro-Crypto Hedge Fund Exec Scott Bessent for Treasury Secretary Role appeared first on Cryptonews.

Key Points:

Binance expands its compliance team to meet the growing needs of the crypto industry and its user base.

President-elect Donald Trump has nominated Scott Bessent, founder of Key Square Group, as the next US Treasury Secretary.

Donald Trump is back in the spotlight with some intriguing nominations for his next administration. Scott Turner, a former NFL player turned government official, has been chosen to lead the Department of Housing and Urban Development (HUD). But that's not all.

India's financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation's top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency' M. Nagaraju, Secretary of India's Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024.

Teresa Goody Guillén is a leading contender to head the SEC, with plans to foster a collaborative regulatory approach for cryptocurrency.

Bitcoin (BTC-USD) struck above $99,000 in Friday's early hours as the cryptocurrency nears a $100,000 milestone in its post-2024 election rally. Crypto traders have become even more optimistic around Securities and Exchange Commission (SEC) Chair Gary Gensler's plans to step down in January and what that could signal for crypto regulation under a second Trump administration.

The Financial Industry Regulatory Authority (FINRA)'s new crypto guidelines spotlight risks and FOMO-driven decisions, with advice on crypto investing. New Crypto Guidelines Highlight Key Challenges for Crypto Investors The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive guide for investors exploring the world of crypto assets.

According to a local report, South Korean crypto lending platform Delio has been declared bankrupt.

Bessent is a prominent hedge fund manager known for his pro-crypto stance

Teresa Goody Guillen, the potential next Securities and Exchange Commission Chair has highlighted the major changes coming into the agency under Trump's presidency. Guillen shared her enthusiasm for making “SEC great again!

Crypto users could have been at risk due to Apple's security flaw, especially those using Intel-based MacBooks. Changpeng Zhao (CZ), the former CEO of Binance, recently took to X to sound an alarm, urging users to update their Apple devices immediately.

The US Bitcoin and crypto market have been on uncharted waters recently, and many are excited and optimistic. Charles Schwab, a leading financial company with $7 trillion in assets, is one of the recent companies taking an interest in this “hot industry.

In the SEC's latest report detailing the Examination Priorities for 2025, the Commission has reinforced its gameplan to keep a close eye on the crypto industry.

President-elect Donald Trump has nominated Wall Street titan Scott Bessent as Treasury Secretary.

The Department of Justice (DOJ) recently unsealed charges against five alleged scammers for running a crypto phishing scam that cost victims millions of dollars. According to a new press release from the U.S.

The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)'s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country's implementation of the Crypto Asset Reporting Framework (CARF). In a consultation paper released Nov.

The year is 2024; Bitcoin is setting new all-time highs, and Trump's crypto-friendly administration has not even resumed office yet. Gary Gensler, who suffocated crypto firms like Binance and besieged tokens like XRP, has shared his plans to step down.

Mythical Games and FIFA have revealed plans for FIFA Rivals, an officially licensed mobile football game. The free-to-play title will launch on iOS and Android in the summer of 2025, though an exact release date remains undisclosed.

Could China's legal shift signal a major change in crypto policy for the nation?

The Blockchain Association has urged President Trump to prioritize cryptocurrency regulatory reforms in his first 100 days, advocating for a clear framework to support innovation and end the debanking of crypto companies. The post Blockchain Association Calls on Trump to Prioritize Crypto in First 100 Days appeared first on Cryptonews.

A creditors' meeting will be held in March, but their funds reportedly disappeared into the chaos of the FTX collapse.

Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator's approach to crypto in 2025.

"Stay informed with trusted news, alerts, and updates directly from us," CEO Richard Tend stated.

A federal judge bashed the SEC's effort as unlawful.

Following Donald Trump's election as the new US President, regulators are pushing for crypto market reforms, from establishing regulatory sandboxes to allowing tokenized funds' shares as collateral in traditional derivatives trading.

A Texas judge tossed the Securities and Exchange Commission's (SEC) controversial “dealer rule,” handing crypto stakeholders a regulatory victory. Earlier this year, the SEC adopted a new rule requiring market participants “who engage in certain dealer roles,” like providing liquidity, to register with the Commission and comply with federal securities law.

The Dune index measures a weighted value for transaction value, count, and on-chain fees. The index showed Bitcoin, Solana, Ethereum and TRON drove the biggest share of crypto adoption in 2024.

After Gary Gensler's exit news on January 20 next year, another Democratic commissioner on the Securities and Exchange Commission is all set to leave the US SEC.

The chief investment officer of crypto asset management firm Bitwise says that Trump's landslide electoral win against Kamala Harris is a game changer for the crypto industry.

Following years of efforts to rein in the crypto industry, the SEC is likely to be a bit different following Chair Gary Gensler's departure.

Cryptocurrencies are no strangers to going viral, but meme coins? Oh, they take virality to a whole new level. These quirky digital tokens, often inspired by memes, jokes, or internet culture, have skyrocketed in popularity over the years.

CFTC Commissioner Summer Mersinger spoke at the North American Blockchain Summit. Mersinger also said that the CFTC has to seek a court ruling for entity categorization.

The UK is set to unveil a comprehensive crypto regulatory framework in early 2025, with plans to address oversight challenges for stablecoins, staking, and other digital asset services. The announcement was made during the City & Financial Global Tokenisation Summit in London on Nov.

SEC Chair Gary Gensler announced that he is stepping down from the agency on Jan. 20. The news sent altcoins flying as investors anticipate that the agency's new leadership will be friendlier towards the crypto industry.

The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company's court-approved Chapter 11 Plan of Reorganization will be effective by early January 2025.

Blue-chip crypto firms are reportedly scrambling to obtain a spot on President-elect Donald Trump's promised advisory board.

Stablecoins and staking services will be covered by the regulations which will provide clarity for the crypto sector in the United Kingdom. UK Looking to Attract Crypto Companies The United Kingdom (U.K.) plans to share a legislative framework to regulate the cryptocurrency industry early next year, as the U.K.

Coin Center agrees with many in the industry that centralized players will have an easier time under Trump, but others may face thornier problems.

The Blockchain Association has urged President-elect Donald Trump to take immediate steps to bolster the US crypto industry during the first 100 days of his term, according to a letter sent on Nov.