Critics worry that Trump’s direct financial stake in a market he’s trying to regulate could complicate legislative efforts—or worse, politicize them. Some panelists raised alarms about a provision in the Senate’s GENIUS Act that would allow foreign stablecoin issuers to apply for U.S. licenses directly through the Treasury Department—without the same oversight faced by domestic firms. That, they warned, could open the door to major players like Tether, an international cryptocurrency whose opaque reserve practices and regulatory controversies have long worried U.S. officials. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers.
We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Asked by Chow, the author of Cryptomania, whether a foreign issuer should be able to put out a stablecoin in the U.S. without direct supervision of the U.S. authorities, Disparte warned that letting foreign issuers operate under looser rules could weaken trust in U.S. dollar-backed assets. Atkins was asked by reporters on the event’s sidelines about President https://finotraze.org/ Trump’s own crypto interests and whether Trump’s memecoin, $TRUMP, will rob credibility from the White House on industry policy. Political betting platforms show Mark Carney leading with a 78% chance of becoming Canada’s next Prime Minister, while Pierre Poilievre has a 22% chance. When asked whether the president’s activities undermined the White House’s credibility on crypto policy, Atkins said, “I have no comment on any of that.” This website is using a security service to protect itself from online attacks.
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Market Outlook
CME Bitcoin Futures open interest falls for four straight days, according to CME data. Faith in artificial intelligence to make better crypto trading decisions than a human is high, according to a recent survey. Bitcoin has shown signs of a recovery, which could see the bull market resume and a new all-time high made soon, according to analysts. Bitcoin funds led inflows with $3.18 billion, as it pushed digital asset AUM its highest level since February 2025. Credit card giant Mastercard is delving deeper into stablecoins with a new system that enables stablecoin payments.
- The crypto sector has high hopes for Atkins, though his stand-in for the past few months — Commissioner Mark Uyeda — already took a number of decisive actions to reverse the regulator’s earlier crypto reluctance under former Chair Gary Gensler.
- Since then, both the House and Senate have advanced bills—the STABLE Act and the GENIUS Act—out of committee, setting the stage for what could be the first major piece of crypto legislation in U.S. history.
- Friday’s roundtable was the third in a series the agency has held on crypto matters, this time focused on custody in the industry.
- That’s a big boon to the president and his family members, who have multiple lucrative crypto projects on the market.
- She emphasized the need for “a principles-based regulatory framework that allows for fair competition and responsible innovation,” adding that the CFTC had already rescinded crypto-related advisories from 2018 to reflect how much the market has evolved.
A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming… Widely followed crypto analyst and trader Inmortal says that one Dogecoin (DOGE) rival is in… A widely followed crypto analyst says several indicators are suddenly flashing bullish for Bitcoin (BTC)…. A lack of clear regulatory guidelines makes it difficult to know which options are legal, and also creates challenges to providing safeguards in a market that’s seen its share of hacks. Atkins told reporters on the sidelines of the session that he was open to a broad reassessment of crypto-related rules. Get Tri-state area news delivered to your inbox with NBC New York’s News Headlines newsletter.
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Friday’s roundtable was the third in a series the agency has held on crypto matters, this time focused on custody in the industry. Crypto custody has been a particularly dicey topic at the agency, which under Gensler’s reign had sought to approve a policy demanding investment advisers put their clients’ digital assets only with certain qualified custodians. Gensler had argued that the rule was meant to exclude most of the existing crypto platforms as suitable custodians, but the effort was put on ice. At its core, a stablecoin is a digital token pegged to a fiat currency like the U.S. dollar, designed to offer the speed and accessibility of crypto without the volatility of assets like Bitcoin or Ethereum. Today, stablecoins represent a $238 billion market—up from $152 billion just a year ago—and are increasingly used for everything from cross-border payments to decentralized finance.
Some investors prefer to custody their own holdings with private keys stored on hardware wallets, or “cold storage,” versus using crypto brokerage firm — “hot wallets” — and other third-party options. Get crypto market analysis and curated news delivered right to your inbox every week. The FDIC will also work with the other banking agencies to replace interagency documents issued in January and February related to crypto-assets with further guidance or regulations.
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The group is attempting to set the tone for a new era of crypto regulation, one that seeks to change the approach from adversarial to collaborative. WASHINGTON — SEC Chair Paul Atkins said on Friday that innovation in the crypto industry “has been stifled for the last several years,” and that changes are sorely needed. Buying solana (SOL) is straightforward, but with numerous crypto exchanges on the market, it’s crucial potential investors consider other key factors before making a purchase. Whoever wins the election April 28, Canada has the talent, history, and agility to become the first G7 nation to fully embrace a blockchain-forward future. Traditional safe-haven assets like gold and the Swiss Franc have been joined by bitcoin as a refuge for investors. The company stack is worth more than $52 billion at bitcoin’s current price of $95,000.
Why Crypto Leaders Are Feeling Optimistic About the Future: ‘The Crypto Revolution Is Happening’
Cointelegraph’s latest news on fintech and cryptocurrency is the best source to rely on while deciding on trading strategies and investment options. Atkins had served as an adviser to crypto entities such as the Digital Chamber and as a board member of tokenization firm Securitize, and his ties to Off the Chain Capital had previously linked him to its investment stakes in big crypto companies like Digital Currency Group (DCG) and Kraken. The Coinbase Bitcoin Yield Fund opens for business on May 1 and promises returns initially from basis trading, with lending and options strategies to be used in the future, according to launch partner Aspen Digital. Monero (XMR) has outperformed the crypto market so far this week following what appears to… Atkins said on Friday that the SEC would continue taking action against foreign companies that failed to abide by U.S. rules, including delisting Chinese firms if necessary.