CRYPTO OVERSIGHT
Trump administration's embrace of "perp" futures sets off risk alarms for Wall Street stalwarts
The decision by the Trump administration to launch perpetual futures has sparked significant worry among market stakeholders. Leaders from established exchanges contend that these offerings might disrupt existing market dynamics and risk assessment practices. They claim that perpetual futures ought to be categorized as swaps due to their unique trading characteristics. Moreover, ongoing trading raises alarm about liquidity and counterparty risk, especially in turbulent market conditions.
Trump Media's investors lost $2.2 billion while Trump holds $460 million stake
Ske Jarzenske and other Trump Media investors are facing severe losses as the company's stock value has plummeted. Many investors had high hopes for the social media platform, believing in its potential profitability under Trump's leadership. Instead, Trump Media's shares have lost significant value, and discontent among shareholders has grown. The company's revenue remains stagnant, leading investors to question management practices and investor trust.
Democrats target Trump's 'tentacles of corruption' as new Congress prepares sweeping investigations
Democrats are preparing sweeping congressional investigations into Donald Trump, his family and administration after winning control of both chambers in the midterm elections. Potential targets include Trump family businesses, cryptocurrency dealings, ICE operations and the Epstein investigation, as party leaders seek to link alleged corruption to Americans' cost-of-living concerns.
Crypto's midterm spending spree stumbles as Democrats rack up big wins
The race was one of the most expensive in the Senate's history. Strategists viewed it as a major test of crypto's political clout after the Senate in September voted against advancing major crypto legislation known as the Clarity Act due to opposition from Democrats, in a blow for an industry that has grown close to President Donald Trump.
Bitcoin price today: BTC USD rebounds to $78,000 after US midterm election sell-off - key levels traders must watch now
Bitcoin price (BTC USD) today after midterm elections: Bitcoin rebounded to around $78,000 after falling below $76,000 as investors assessed the impact of Democrats winning control of Congress. Concerns over crypto regulation, ETF outflows and the Binance hack continue to weigh on sentiment, while analysts are watching $79,000 for signs of a stronger recovery.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
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US midterms put Trump-era crypto boom and prediction markets at risk
The US midterm elections could threaten the crypto friendly regulatory environment created under President Donald Trump. A potential Democratic takeover of Congress may bring tighter oversight of digital assets and prediction markets, putting companies such as Coinbase, Strategy and Bullish under pressure as investors reassess the sector's regulatory outlook.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
US midterm elections: Key Senate, House races investors are tracking
This year's U.S. midterm elections are anticipated to influence important policies in the financial sector. Key Senate races include Sherrod Brown and Jon Husted in Ohio, indicative of cryptocurrency regulation. Additionally, gubernatorial elections in states like Texas and Georgia will shape artificial intelligence infrastructure investment.
How thematic investing is changing the way Indians approach crypto
In India, investors are increasingly embracing thematic investing as they explore cryptocurrency and other sectors. This innovative investment style allows individuals to focus on specific trends and ideas rather than sticking to conventional categories. To support this, ZebPay has launched CryptoPacks, offering users curated portfolios that resonate with various themes. These packs simplify investment management and signify a shift toward future-focused digital asset strategies.
Crypto exchange HTX barred from promoting services in UK
Regulators and authorities around the world have for years warned that nascent crypto markets - which are generally less regulated than mainstream financial markets - present risks to investors.
SoFi targets idle crypto cash with interest-bearing tokenized deposit
SoFi Technologies has launched an innovative tokenized deposit product that offers an attractive 4.2% annual interest rate. Funds deposited are insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 per depositor. This strategic move enables customers to prepare for crypto acquisitions while still earning interest, rather than letting cash sit idle.
What new US crypto oversight rules mean for the market
Proposed US CFTC regulations could establish a global template for digital asset oversight. Bitget CEO Gracy Chen explains how clear federal rules can drive institutional adoption, protect investors, and spur innovation across stablecoins, tokenised real-world assets, and international markets including India.
Top crypto group to pour millions into bipartisan slate of House races after key legislation stalls
Fairshake is stepping into the political arena with a bipartisan initiative aimed at supporting various House candidates in the forthcoming midterm elections. The organization is prepared to invest substantially in both Republican and Democratic candidates who align with its cryptocurrency agenda, with 32 beneficiaries already identified for their advocacy of critical legislation.
Barber finds bag full of over USD128,000 at Bank of America ATM. Man's next action will draw your awe
Police authorities found out that cash was belonged to Bank of America and was sent to the bank through vendor Brinks.
Democrats to probe lucrative Trump family business deals if they win midterms
* Majority in House or Senate would give Democrats subpoena power and funds for expanded investigative staff * Trump-linked crypto firms and Donald Trump Jr's 1789 Capital rank high on Democrats'
Indians can use crypto to buy groceries, fuel and gold through overseas gift-card platforms
Indians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and other virtual digital assets into vouchers and gift cards. The mechanism, involving foreign platforms and Indian voucher partners, has drawn regulatory attention over potential gaps in cross-border payment, tax and AML oversight.
House panel bats for interim crypto self-regulation under RBI/SEBI oversight, stresses investor protection norms
A parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supervision of central regulatory authorities. This interim solution calls for the government to assess a specific legal framework for virtual digital assets. The objective is to reduce risks associated with money laundering and tax evasion, categorising regulation of these assets as a vital aspect of national security for India.
What is Bithumb and did crypto exchange really give away $40 billion in assets for free? System flaw explained. Here's how many bitcoins were lost and if they have been retrieved yet
What is Bithumb and did crypto exchange really give away $40 billion in assets for free? South Korea crypto exchange Bithumb said system flaws caused an erroneous transfer of 620,000 bitcoins during a promotional event. The exchange retrieved most assets, but regulators and lawmakers raised oversight concerns.
India monitoring evolving crypto trading to ensure tax compliance, top tax official says
India is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, according to a top tax official.
CFTC Chair Rostin Behnam Announces Resignation Amid Calls for Enhanced Crypto Oversight
Rostin Behnam, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his resignation, effective January 20, 2025, coinciding with the inauguration of President-elect Donald Trump.
Cryptos get crawling in Elon-Don times
Anticipation surrounds potential easing of cryptocurrency regulations by the US, a leading force in combating crypto-related financial crimes. Global consensus leans towards treating cryptos as financial instruments rather than legal tender, necessitating licensing and disclosures. Weakened US regulations could prompt diverse international responses, potentially hindering the establishment of a balanced regulatory framework crucial for investor protection and market integrity.
Binance, SEC face off over regulator's crypto oversight
The U.S. Securities and Exchange Commission (SEC) on Monday defended its authority to oversee certain cryptocurrency assets in court, as Binance urged a federal judge to dismiss the regulator's case against the world's largest crypto exchange.
Crypto Regulatory Bill passes US Congressional Committee: How India can benefit from It?
The recent advancement of the regulatory bill by the US congressional committee signifies a groundbreaking effort to provide much-needed clarity to the evolving crypto industry
Crypto bill passes congressional committee in victory for industry
The bill passed by the House Financial Services Committee would define when a cryptocurrency is a security or a commodity and expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction, as many crypto advocates complain of the agency's perceived overreach.
US congressional committee set to weigh crypto bills
Among the legislation the House Financial Services Committee is scheduled to consider is a bill that would define when a cryptocurrency is a security or a commodity and another that would establish a regime to oversee stablecoins.
US congressional committee set to weigh crypto bills
Among the legislation the House Financial Services Committee is scheduled to consider are a bill that would define when a cryptocurrency is a security or a commodity and another that would establish a regime to oversee stablecoins - digital tokens typically backed by traditional assets like the US dollar.
Indonesia launches new crypto bourse, clearing house
The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight.
Indonesia launches new crypto bourse, clearing house
Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange.
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