Donald Trump Appoints David Sacks as ‘AI and Crypto Czar’: What This Means for America
In a bold move that highlights the increasing importance of artificial intelligence and cryptocurrency in modern governance, Donald Trump has appointed former PayPal Chief Operating Officer, David Sacks, as his lead advisor in these crucial areas. Known for his role on the popular All In podcast, Sacks is set to steer the administration’s efforts in […]
Paul Atkins: The Contender for SEC Chair That Promises a Pro-Innovation Approach
Paul Atkins, a former U.S. Securities and Exchange Commission (SEC) Commissioner, has emerged as the leading candidate to succeed Gary Gensler as the next chair of the regulatory agency. As Gensler prepares to step down in January 2025, Atkins is anticipated to bring a fresh perspective that aligns with the current administration’s pro-innovation stance, which […]
Switzerland’s FINMA Sounds Alarm on Cryptocurrency Money Laundering Risks
Switzerland’s Financial Market Supervisory Authority (FINMA) has issued a stern warning regarding the increasing risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report, FINMA highlights that both cryptocurrencies and stablecoins are becoming the preferred tools for various illicit activities, including cyberattacks, payments for illegal dark web operations, and evading sanctions amidst […]
Donald Trump and Brian Armstrong: Paving the Way for Crypto with a Bakkt Acquisition
As the crypto world buzzes with excitement, President-elect Donald Trump is making strides towards fulfilling his campaign promises regarding digital assets. In a significant move, Trump has scheduled a private meeting with Brian Armstrong, the CEO of Coinbase, to discuss substantial appointments within his administration while navigating the dynamic landscape of cryptocurrency regulations. The meeting […]
DOJ Targets $16 Million in FTX-Linked Crypto Amid Crypto Market Fluctuations
In a significant move amidst ongoing turbulence in the cryptocurrency market, the Department of Justice (DOJ) is pushing for the seizure of $16 million in crypto assets linked to the collapsed exchange FTX. This action comes after a detailed year-long investigation, reflecting the government’s commitment to recovering misappropriated funds from the notorious exchange that once […]