Former President Donald Trump has launched a $5 billion legal assault against Wall Street titan JP Morgan Chase and its CEO, Jamie Dimon, alleging the bank severed financial ties with him for political reasons following the January 6th Capitol protests. This lawsuit marks a pivotal escalation in the contentious debate over financial exclusion, directly linking Trump’s personal grievances with the cryptocurrency industry’s long-standing claims of being systematically debanked. The case represents a dramatic shift from Trump’s previous position, where he blamed regulatory pressure from the Biden administration, to now targeting the bank’s leadership and its “woke” beliefs.
about Trump Sues JP Morgan for $5B Over Political Debanking ClaimsJoe Biden
0 posts last weekRipple CEO Slams NYT Over ‘Crypto Hit Piece’ on SEC Enforcement
Ripple CEO Brad Garlinghouse has launched a scathing public critique of The New York Times, accusing the publication of publishing a biased and misleading report on cryptocurrency regulatory enforcement. His response targets a December 14 investigation suggesting the U.S. Securities and Exchange Commission (SEC) has eased its crackdown on crypto firms since Donald Trump’s return to office, which Garlinghouse labeled a ‘crypto hit piece’ that deliberately omits crucial legal context undermining the SEC’s previous approach.
about Ripple CEO Slams NYT Over 'Crypto Hit Piece' on SEC EnforcementGOP Report Accuses Biden of ‘Operation Choke Point 2.0’ Against Crypto
Republican lawmakers have released a final report accusing the Biden administration of orchestrating a coordinated campaign to cut off banking services to cryptocurrency firms. They label the alleged regulatory pressure ‘Operation Choke Point 2.0’ and call for urgent legislative action. The report demands clarity through new laws like the CLARITY Act to protect the digital asset industry.
about GOP Report Accuses Biden of 'Operation Choke Point 2.0' Against CryptoSacks: AI’s Real Threat is Government Surveillance
Former US crypto and AI czar David Sacks has issued a stark warning that artificial intelligence’s greatest danger lies not in science fiction scenarios of robot uprisings, but in government surveillance and information manipulation. Speaking on a16z’s podcast, The Ben & Marc Show, Sacks argued that AI’s potential for population monitoring and information control represents a more immediate and tangible threat than autonomous systems. His comments come amid growing tensions between AI innovation and regulatory oversight in the United States, with Sacks specifically criticizing what he characterizes as heavy-handed approaches from the Biden administration and Democratic-led states.
about Sacks: AI's Real Threat is Government SurveillanceTrump Nominates Pro-Crypto Lawyer to Lead CFTC
The Trump administration has nominated Michael Selig, a cryptocurrency-friendly attorney and former SEC counsel, to chair the Commodity Futures Trading Commission, signaling a potential shift toward more crypto-friendly policies at the key regulatory agency. This strategic appointment follows the withdrawal of a previous candidate opposed by crypto industry leaders and comes as the CFTC continues under the leadership of Acting Chair Caroline Pham, who was nominated by President Biden and unanimously confirmed by the Senate.
about Trump Nominates Pro-Crypto Lawyer to Lead CFTCTrump 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 PotentialJudge Rules Bored Ape NFTs Are Not Securities
In a landmark decision that provides crucial legal clarity for the digital asset industry, a California federal judge has dismissed a class-action lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs do not qualify as securities. The ruling by Judge Fernando M. Olguin represents a significant victory for the embattled crypto company and establishes important distinctions between NFTs sold through third-party marketplaces versus proprietary platforms, contrasting sharply with previous cases where other NFT collections were deemed securities.
about Judge Rules Bored Ape NFTs Are Not SecuritiesSenate Hearing on Crypto Tax After IRS Eases CAMT Rules
The US Senate Finance Committee is convening a crucial hearing on cryptocurrency taxation following new regulatory relief from the IRS. This comes just one day after the Treasury Department issued interim guidance easing compliance under the Corporate Alternative Minimum Tax for digital asset companies. The hearing represents a significant development in how large corporations in the crypto sector will be taxed moving forward, marking a pivotal moment in the ongoing dialogue between regulators and the digital assets industry.
about Senate Hearing on Crypto Tax After IRS Eases CAMT RulesSEC Ends 16-Year Case After Biden Commutes Stanford Aide
The SEC has dropped its 16-year civil case against Mark Kuhrt, former controller for Allen Stanford’s $7 billion Ponzi scheme. The move follows President Biden’s commutation of Kuhrt’s 20-year prison sentence. This marks another high-profile enforcement case abandoned by the regulator in recent years.
about SEC Ends 16-Year Case After Biden Commutes Stanford AideRussia: US Tariff Threats on India, China Failing
Russian Foreign Minister Sergei Lavrov has declared that US tariff threats against India and China are proving ineffective, arguing that such economic pressure cannot succeed against what he called ‘two ancient civilizations.’ In a televised interview on Russia’s Channel 1, Lavrov emphasized that both nations have demonstrated resilience against US demands, adapting to higher costs by seeking new markets and energy sources while mounting strong moral and political opposition. He also dismissed the impact of ongoing sanctions against Russia, describing them as a substitute for genuine diplomacy that causes no real problems for Moscow.
about Russia: US Tariff Threats on India, China FailingSEC Shifts to Softer Crypto Enforcement Under New Leadership
In a significant policy shift, the Securities and Exchange Commission (SEC) is adopting a more lenient approach toward cryptocurrency firms, moving away from the aggressive enforcement tactics that characterized the tenure of former Chair Gary Gensler. Under Trump-appointed Chair Paul Atkins, the agency will now issue technical violation notices before taking enforcement action, allowing companies to correct compliance issues and emphasizing due process and predictability in regulatory oversight.
about SEC Shifts to Softer Crypto Enforcement Under New LeadershipTrump Fires BLS Chief Amid Data Reliability Concerns
Commerce Secretary Howard Lutnick has expressed strong support for President Trump’s dismissal of Bureau of Labor Statistics chief Erika McEntarfer, stating it is ‘crystal clear’ that new leadership and technology are needed at the agency. Lutnick emphasized that both the administration and the American public must be able to rely on accurate economic data. The firing occurred after the BLS experienced technical difficulties ahead of the August employment report release, though McEntarfer was originally appointed by President Biden. This move highlights ongoing concerns about data integrity and political influence over economic reporting institutions.
about Trump Fires BLS Chief Amid Data Reliability Concerns