SEC Scales Back Crypto Enforcement as Trump Administration Shifts Regulatory Stance
The SEC is downsizing its cryptocurrency enforcement unit and reassigning staff as part of the Trump administration's push for lighter digital asset regulations. The changes align with executive orders aimed at boosting U.S. competitiveness in crypto markets, though critics warn of reduced investor protections.
Bitcoin Dips Below $98K as Trump Administration Evaluates Digital Asset Reserve Strategy
Bitcoin retreats from $100K following US crypto czar David Sacks' announcement of ongoing evaluation of digital asset reserve options. While most altcoins decline, select tokens like TRUMP and Mantra show strength amid regulatory developments and new technological integrations.
Trump Administration Signals Crypto-Friendly Shift as SEC Crypto Unit Downsizes
The SEC's specialized cryptocurrency enforcement unit is being reduced from over 50 staff members, marking an early sign of the Trump administration's lighter regulatory approach. The restructuring aligns with Trump's executive order promoting crypto industry growth and reflects a significant shift from the previous administration's stricter oversight.
Trump's Trade Tariffs Trigger Crypto Market Plunge: Bitcoin and Ethereum See Sharp Declines
Cryptocurrency markets experienced a significant downturn after President Trump announced new import tariffs on multiple countries, with Bitcoin falling 4% to $95,800 and Ethereum dropping 17%. The announcement sparked fears of a global trade war, affecting both crypto and traditional markets with total crypto liquidations reaching $2.3 billion.
Trade War Tensions Spark Crypto Market Turmoil as Trump's Tariffs Hit Global Markets
President Trump's announcement of extensive tariffs targeting major economies triggered widespread cryptocurrency selloffs, with Bitcoin falling to $91,441 before partial recovery. The meme coin sector was particularly affected, while MicroStrategy's pause in Bitcoin purchases added to market pressure.
Bitcoin Plunges Below $91K Amid Global Market Turbulence and Trump Trade Tensions
Bitcoin experienced a dramatic 7% drop below $91,200, triggering over $200 billion in liquidations amid economic uncertainties and Trump's aggressive trade policies. Despite the downturn, institutional interest from sovereign entities and technical indicators suggest potential for recovery if market conditions stabilize.
Bankman-Fried's Parents Seek Trump Pardon Following 25-Year Sentence
Stanford professors Joseph Bankman and Barbara Fried are pursuing a presidential pardon from Donald Trump for their son Sam Bankman-Fried, who was recently sentenced to 25 years for FTX fraud. The effort follows Trump's pardon of Silk Road founder Ross Ulbricht and comes amid successful FTX bankruptcy proceedings.
Trump's Treasury Pick Scott Bessent Confirmed in Historic Senate Vote
Scott Bessent, a veteran hedge fund manager, becomes the first openly gay Cabinet member in a Republican administration after Senate confirmation. The new Treasury Secretary outlines ambitious economic goals while facing key challenges around debt, taxes and international relations.
Historic Confirmation: Bitcoin-Friendly Bessent Named Treasury Secretary
Scott Bessent secures Senate confirmation as the first openly gay U.S. Treasury Secretary with bipartisan support despite tax concerns. The former hedge fund manager faces critical challenges including Trump's expiring tax cuts, debt ceiling management, and ambitious trade policies.
Kraken's Donation to Ross Ulbricht Coincides with Discovery of $47M Bitcoin Fortune
Cryptocurrency exchange Kraken donates $111,111 in Bitcoin to support pardoned Silk Road founder Ross Ulbricht. The donation comes as dormant wallets containing 430 BTC worth $47M, potentially linked to Ulbricht, spark intrigue in the crypto community.