In a significant move to address longstanding regulatory ambiguity, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly relaunched Project Crypto. This coordinated initiative aims to harmonize the agencies’ approaches to digital asset markets, providing the clarity needed to foster innovation while protecting investors. The relaunch underscores a strategic effort to modernize U.S. financial oversight and maintain the country’s competitive edge as technological evolution accelerates.
about SEC & CFTC Relaunch Project Crypto for Clearer Digital Asset RulesBiden administration
0 in Finance and 0 in Crypto last weekCZ Denies Trump Ties After Surprise Pardon
Binance co-founder Changpeng Zhao has publicly denied having any business relationships with the Trump family following his controversial presidential pardon. In a Fox News interview, CZ expressed surprise at receiving clemency and emphasized his limited interactions with Trump family members. The pardon has sparked divided reactions across political and crypto communities.
about CZ Denies Trump Ties After Surprise PardonTrump Defends CZ Pardon in 60 Minutes Crypto Interview
In his first 60 Minutes interview in five years, former President Donald Trump defended his controversial pardon of Binance founder Changpeng ‘CZ’ Zhao, claiming no personal knowledge of the crypto billionaire while describing the prosecution as a ‘Biden witch hunt.’ The CBS segment revealed Trump’s broader crypto agenda to maintain U.S. dominance against global competitors, even as he faced pointed questions about Binance’s $2 billion transaction involving his family’s World Liberty Financial stablecoin and mounting Democratic scrutiny over potential conflicts of interest.
about Trump Defends CZ Pardon in 60 Minutes Crypto InterviewCZ Suggests Trump Could Be Satoshi After Presidential Pardon
Former Binance CEO Changpeng Zhao has ignited a firestorm of speculation by suggesting Donald Trump might be Bitcoin’s elusive creator Satoshi Nakamoto, following a presidential pardon that absolved him of charges from the Biden administration’s crypto crackdown. This extraordinary development underscores the deepening political divisions surrounding cryptocurrency regulation in America, raising questions about conflicts of interest and the surprising alignment between a former crypto skeptic and one of the industry’s most prominent figures.
about CZ Suggests Trump Could Be Satoshi After Presidential PardonTrump Pardons Binance Founder CZ in Crypto Clemency Move
Former President Donald Trump has granted a presidential pardon to Binance founder Changpeng Zhao, marking another pro-crypto move from his administration. The White House confirmed the clemency for the cryptocurrency executive who served four months in prison for money laundering violations. This action represents the latest development in the ongoing political battle over cryptocurrency regulation in the United States.
about Trump Pardons Binance Founder CZ in Crypto Clemency MoveUS Government Takes Direct Stakes in Companies Like Intel
The US government is shifting from traditional loans and grants to taking direct equity positions in American companies like Intel and MP, representing a significant evolution in industrial policy that raises important legal and economic questions. This approach under the Trump administration marks a departure from the Biden administration’s strategy of using loans and grants through initiatives like the CHIPS Act and Inflation Reduction Act, moving government intervention into unprecedented territory.
about US Government Takes Direct Stakes in Companies Like IntelSBF Claims Political Targeting Over GOP Donations
Convicted FTX founder Sam Bankman-Fried has ignited fresh controversy by claiming his 2022 arrest was politically motivated, alleging that his shift toward Republican donations prompted targeted action from the Biden administration just before critical crypto legislation. Despite his 25-year sentence for defrauding billions from customers, SBF and his family maintain he was wrongly prosecuted, while critics dismiss these assertions as a well-funded lobbying effort to rewrite the narrative of one of crypto’s largest collapses.
about SBF Claims Political Targeting Over GOP DonationsDorsey & Lummis Push Bitcoin Tax Exemption Revival
Block founder Jack Dorsey has reignited the push for a de minimis tax exemption on small Bitcoin transactions, prompting Senator Cynthia Lummis to confirm she’s working on reviving the failed legislative effort. The proposal would exempt everyday crypto purchases under a few hundred dollars from capital gains reporting requirements, addressing current IRS treatment that creates significant burdens for merchants and consumers. This comes after similar amendments failed to make it into Trump’s reconciliation bill in July due to timing constraints, setting the stage for renewed legislative action.
about Dorsey & Lummis Push Bitcoin Tax Exemption RevivalSEC Innovation Exemption for Crypto Nears Finalization
The U.S. Securities and Exchange Commission is preparing to finalize an ‘innovation exemption’ that could provide crypto and fintech startups with regulatory clarity by year-end. SEC Chair Paul Atkins announced the move as part of efforts to reverse years of regulatory uncertainty that pushed crypto development overseas. Industry leaders welcome the structured framework as a potential pathway to bring compliant innovation back to U.S. markets.
about SEC Innovation Exemption for Crypto Nears FinalizationTrump Eyes $2K Tariff Checks, Bitcoin Investment Potential
Former President Donald Trump is proposing a novel economic stimulus: $1,000-$2,000 payments to Americans funded by tariff revenues, reviving memories of the COVID-19 era checks that funneled billions into cryptocurrency markets. This potential distribution echoes the 2020-2021 stimulus payments that saw up to $40 billion flow into Bitcoin and stocks, with historical data showing those $3,200 payments could have grown to over $26,000 if invested in Bitcoin at distribution times.
about Trump Eyes $2K Tariff Checks, Bitcoin Investment PotentialSEC Chair Gensler Faces Scandal Over Missing Texts
A report from the SEC’s Office of Inspector General revealed that nearly a year’s worth of text messages from Chair Gary Gensler’s government phone were mistakenly wiped by the IT department. The missing records covered October 2022 to September 2023—a period when the SEC was actively pursuing crypto enforcement actions and lawsuits against digital asset platforms. Republican Congressman Tom Emmer seized on the report, calling Gensler ‘the worst SEC chair in history’ and accusing him of hypocrisy, given that the SEC simultaneously penalized major banks for similar record-keeping failures. The incident has fueled accusations of double standards and lack of transparency at the agency under the Biden administration.
about SEC Chair Gensler Faces Scandal Over Missing TextsUS Banks Face Fines for Dropping Crypto Clients Under New Order
The White House is set to issue an executive order fining banks that discriminate against crypto companies or drop customers for political reasons, as reported by The Wall Street Journal. The order directs regulators to investigate potential violations of the Equal Credit Opportunity Act and other financial laws, with penalties including fines and consent decrees. This represents a departure from Biden-era policies under Operation Chokepoint 2.0, with the Trump administration now positioning itself as a defender of crypto against alleged banking bias. Cases like JPMorgan closing accounts of crypto executives, including Coinbase’s Brian Armstrong and Frax Finance’s Sam Kazemian, have fueled calls for reform. Banks cite anti-money laundering risks, but critics argue they oppose crypto’s decentralized nature, which challenges traditional banking control. Meanwhile, the UK recently banned a Coinbase ad criticizing its financial system.
about US Banks Face Fines for Dropping Crypto Clients Under New Order