The US Senate confirms Trump pick Michael Selig as chairman of the CFTC, as lawmakers consider legislation to give the agency more control over digital assets
Lydia Beyoud / Bloomberg :
The US Senate confirms FDIC acting chairman Travis Hill to lead the agency, which regulates stablecoin issuers and impacts how the crypto industry is banked
In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
President Trump picks Michael Selig, the chief counsel for the SEC's crypto task force, to chair the CFTC, amid a crypto push
market structure legislation needs to cross the finish line to deliver clear, workable rules for builders and consumers. Mike's leadership will be a major asset. Bill Hughes / @bil...
Source: President Trump has picked Michael Selig, the chief counsel for the SEC's crypto task force, to chair the CFTC, amid a crypto push
market structure legislation needs to cross the finish line to deliver clear, workable rules for builders and consumers. Mike's leadership will be a major asset. @perkinscr97 : Gre...
The US Senate passes the GENIUS Act, which establishes the first federal regulatory framework for dollar-pegged stablecoins; the bill now heads to the House
The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails …
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and those minting or redeeming them do not need to register with it
Washington D.C. — Introduction — As part of an effort … Nidhi Kolhapur / Coinpedia Fintech News : What Are SEC's New “Covered Stablecoins”? Tether's USDT May Not Qualify! Ronak...
a16z says it is “very optimistic” that the US government will “foster innovation” in crypto and there is a “pathway for constructive engagement” with regulators
Miles Jennings Michele Korver Brian Quintenz — We've been flooded with crypto founders asking us …
The US SEC sends decentralized crypto exchange Uniswap a Wells notice warning that the agency intends to bring an enforcement action against the company
The Securities and Exchange Commission warned Uniswap on Wednesday that it intends to bring an enforcement action against the company …
Wyoming passes the Decentralized Unincorporated Nonprofit Association Act, a framework to recognize DAOs as legal entities; a16z crypto supported the law
Leo Schwartz / Fortune :
Apple revises its US App Store rules to let developers link to outside payment methods, but will charge a 27% commission, or 12% for small business developers
In light of the US Supreme Court denying to hear Apple's appeal in its legal battle with Epic Games, Apple has announced a handful …
a16z plans to open a crypto-focused office in London and leads a $43M round in London-based Gensyn, which offers a decentralized compute network for training AI
Over the last year it has become clear that blockchains … Reuters : London crypto move is a sign of desperate times FinSMEs : Gensyn Raises £33.8M in Series A Funding Eli Dambel / ...
A US judge ruled in favor of the CFTC after Ooki DAO failed to respond to an enforcement action, setting a precedent that DAOs are liable for legal violations
- The Commodity Futures Trading Commission won a default judgement against Ooki DAO after the group failed to respond.
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets
trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going...
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
Governor Newsom vetoes a crypto regulation bill that required licenses to facilitate transactions; the bill was passed by the California Assembly last month
The California Assembly passed the bill, which would create a licensing regime and stablecoin stipulations, at the end of August. Source: California Governor .
Los Angeles-based Merkle Manufactory, which is developing a “sufficiently decentralized” social network protocol called Farcaster, has raised $30M led by a16z
Two years ago, Varun and I started working together on an idea called RSS+. Wayne Jones / crypto.news : U.S. Inflation at 9.1%, Farcaster's Successful in a Funding Round, Crypto Ma...
Governor Newsom signs an EO to “create a transparent regulatory and business environment for Web3 companies”, directing state agencies to recommend next steps
and saw the jobs and companies that emerged here in CA and throughout the US — proud to see @GavinNewsom leading on Web3 https://www.gov.ca.gov/... Jake Snow / @snowjake : This is ...
Andreessen Horowitz launches a16z Crypto Research, a lab focused on Web3 breakthroughs that can contribute to deployable code, led by academic Tim Roughgarden
Venture capital giant Andreessen Horowitz (a16z) is diving deeper into the crypto market with the launch of a new academic lab dedicated …