Citadel Securities is set to enter cryptocurrency market-making, driven by a more favorable regulatory environment under the Trump administration. The firm aims to become a liquidity provider for digital assets, seeking approval to operate on major exchanges like Coinbase, after previously avoiding the sector due to regulatory uncertainties. This move aligns with Trump’s pro-crypto policies, which have encouraged institutional participation in digital assets, positioning Citadel alongside established firms like Jump Crypto and Jane Street.
about Citadel Securities Expands Into Cryptocurrency Market-Making Amid Regulatory ChangesHairyPlotterFTX
0 posts last weekLayerZero Resolves Legal Dispute with FTX Estate Over Alameda Transaction
LayerZero has reached a settlement in its legal dispute with the FTX estate concerning a prior transaction involving Alameda. This resolution marks a significant step in addressing the complexities surrounding the fallout from the FTX collapse.
about LayerZero Resolves Legal Dispute with FTX Estate Over Alameda TransactionBitstamp to Launch Regulated Crypto Derivatives Trading in Europe
Bitstamp, the longest-running cryptocurrency exchange, is set to launch regulated crypto derivatives trading in Europe, leveraging its MiFID license. This move follows increased regulatory clarity in the region and aims to shift market dominance from offshore platforms like Deribit. The exchange, recently acquired by Robinhood, is also well-positioned in the U.S. with multiple state licenses.
about Bitstamp to Launch Regulated Crypto Derivatives Trading in EuropeRostin Behnam Resigns as CFTC Chair Amid Crypto Regulation Developments
Rostin Behnam will resign as Chair of the CFTC effective January 20, coinciding with President-elect Donald Trump’s inauguration. During his tenure, Behnam advanced crypto oversight, leading to significant enforcement actions, including a $4.3 billion fine against Binance and a $5 million settlement with Gemini’s Winklevoss twins. Speculation about his successor includes pro-crypto candidates like Republican Commissioners Summer Mersinger and Caroline Pham, as well as former Commissioner Brian Quintenz, known for advocating clear regulations for emerging technologies.
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