Senate Confirms Scott Bessent as New US Treasury Secretary, Paving the Way for Crypto
The U.S. Senate has confirmed Scott Bessent, a billionaire hedge fund manager, as US Treasury Secretary in the Trump administration.
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KuCoin Exchange Pleads Guilty to Operating Unlicensed Money-Transmitting Business
KuCoin exchange has pleaded guilty to operating an unlicensed money-transmitting business and will pay nearly $300 million in fines and forfeiture.
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New Senate Digital Assets Subcommittee Announced, Including Key Members
Senator Cynthia Lummis has announced the formation of the Senate Banking Digital Assets Subcommittee, which she will chair.
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Digital Asset investment product Inflows Surge to $1.9B as Bitcoin’s Role Gains Momentum
Digital asset investment products saw significant inflows of $1.9 billion last week, pushing year-to-date (YTD) inflows to a total of $4.8 billion.
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Rosseti to Launch Crypto Mining Operations in Russia
Rosseti, Russia’s largest energy provider, is preparing to enter the crypto mining sector by utilizing idle power capacity at its underused power plants.
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Indonesian Crypto Market Soars 336% in 2024
Indonesian crypto market saw remarkable growth in 2024, with trading activity surging by 335.9%, reaching Rp 650.61 trillion ($40.2 billion).
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US-based Crypto Projects to Gain Tax Advantage as Senator Cruz Targets IRS DeFi Rule
Eric Trump, the son of President Donald Trump, may propose a 0% capital gains tax policy for US-based crypto projects under the Trump administration.
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Debanking In Crypto Opened For Investigation By U.S. House Oversight Committee
The U.S. House Oversight Committee is investigating the alleged debanking in crypto firms.
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Andreessen Horowitz Now Sees US as a Priority for Growth
Venture capital firm Andreessen Horowitz (a16z) is scaling back its operations in the UK, shifting its focus to the US crypto market.
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Crypto Accounting Guidance SAB 121 Has Now Been Removed
The U.S. Securities and Exchange Commission has axed crypto accounting guidance that drew ire from the industry for a long time.
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