Tether appoints new head of government affairs

🔥 Breaking News in Crypto Regulation! 🔥 🚨 Elizabeth Warren and Chuck Grassley Shake Up the CFTC! 🚨 Hey LinkedIn community! 👋 Have you heard the latest from Capitol Hill? Senators Elizabeth Warren and Chuck Grassley are turning up the heat on CFTC Chair Rostin Behnam. 🔍 They're demanding FULL transparency over his communications with FTX’s Sam Bankman-Fried, who’s facing a 25-year sentence for massive fraud. 🚔 Imagine meeting with someone 10 times and still having more to say! That's what happened between the CFTC and Bankman-Fried. Now, the Senators are asking for ALL the deets – texts, emails, meeting minutes, you name it! 📄✉️ Why does this matter to us? Well, it’s all about trust in our financial markets! 📊🤝 As investors, entrepreneurs, and professionals in the finance and crypto sectors, understanding the dynamics between regulators and industry players is crucial. Plus, who doesn't love a good tale of intrigue and high stakes? 🍿 Let’s chat in the comments: 1️⃣ How do you think this inquiry will impact regulatory policies in crypto and blockchain? 2️⃣ Can transparency between such entities restore trust and stability in the markets? 👇 Drop your thoughts below! Let's get this conversation started and dive deep into the future of finance. Don’t forget to like, share, and follow for more updates! Read More: https://lnkd.in/eXKqJU-w #CryptoRegulation #FTX #CFTC #ElizabethWarren #Blockchain #FinanceNews #MarketTransparency #LinkedInTrending

🇧🇸 The Bahamas: A New Era in Crypto Regulation 🔐 Following the FTX scandal, the Bahamas is stepping up its game to restore trust and safety in the crypto industry with the DARE 2024 Act. Key Points: 🔥 Comprehensive Regulations: The DARE 2024 Act lays down stringent requirements for transparency, consumer protection, and operations oversight. ⚖️ Restoring Confidence: Just 18 months after the FTX debacle, this move is aimed at regaining investor trust and boosting the nation's appeal to crypto businesses. 📈 Future-Proofing: These rules are designed to stay current with evolving technology, ensuring robust regulatory frameworks. 🌟 Compelling Stats: - 60% increase in regulatory scrutiny since 2022. - Projected 20% growth in crypto-related investments coming into the Bahamas by 2025. 📢 What Now? Governments and regulators worldwide should take note. These steps by the Bahamas could set a new global benchmark for crypto regulation. 🚀 What do you think of these new regulations? Will they help rebuild trust in the crypto industry? Share your thoughts! #CryptoRegulation #Bahamas #Blockchain #CryptoLaws #Innovation Read More:

Anthony Scaramucci, founder of SkyBridge Capital, is taking a bold stand against the "Warren-Gensler hegemony" dominating U.S. crypto regulation! 💥 In a recent interview with Finance Magnates, Scaramucci expressed his concerns over the current regulatory landscape, advocating for a more bipartisan approach that aligns with global standards, specifically referencing the EU's comprehensive Markets in Crypto-Assets (MiCA) Compliance Solutions regulation. 🌍 He stated, "It’s very important that we have a bipartisan commitment to crypto," praising Senators Kirsten Gillibrand and Chuck Schumer for their efforts in advocating for a fairer regulatory environment. However, he did not hold back in his criticism of the current administration, labeling their actions as "destructive" and "arbitrary." 🗣️ Scaramucci also pointed to troubling connections between regulators and former FTX CEO Sam Bankman-Fried, suggesting that past interactions have influenced their current stance against the crypto industry. He noted, “They took a harder line against crypto unfairly and capriciously,” emphasizing the need for collaborative efforts across party lines. As the U.S. faces increasing regulatory uncertainty, the contrast with the EU’s proactive and unified approach raises questions about whether the U.S. will adopt elements of the MiCA framework. 🏛️ With the presidential elections just weeks away, Scaramucci believes a change in leadership could pave the way for middle-of-the-road cryptocurrency legislation that fairly regulates the industry. Will the upcoming elections lead to a shift in crypto policies? 🗳️ Stay tuned for more updates as the landscape continues to evolve! #CryptoRegulation #AnthonyScaramucci #Bipartisanship #CryptoNews #USPolitics #WarrenGensler #MiCA #FTX

Big week for #crypto policy, with votes expected in the House of Representatives and the U.S. Securities and Exchange Commission expected to make its decision on ether ETPs. We're asking the tough questions about how the proliferation of crypto will impact consumers, investors, & financial stability. Learn more on our crypto page: https://lnkd.in/d_c24QJX

I'm a bit late to this post, but it was a record turnout at CoinAlts during Funds Week in San Francisco earlier this month. Here are some takeaways: 🇺🇸 Everyone's watching the election of course, but there's general optimism that no matter who wins the Presidency, the US crypto regulatory environment will improve in 2025 regardless. Super Pacs are flexing their power and changes in Congress are expected to favor crypto.  Enlightening panel with Lee Bratcher, Ruby Sekhon, Anthony Tuths, Anthony Valenzuela and Kevin Wysocki that I wish had been twice as long! 💡  New innovations in crypto capital markets from the likes of Anchorage Digital, Coinbase, BlockFills and others are borrowing TradFi concepts to mitigate counterparty risk (hello tri-party agreements) and settlement. Meanwhile, self-custody via ever-improving institutional-grade wallet solutions combined with instant settlement #onchain via sophisticated platforms like Definitive Finance is also on the rise. 💰  Investors and Allocators like Paul Hsu from Decasonic reminded us that despite the latest narratives, good old-fashioned PMF and operational execution are still key to success.

Here are the Latest #Crypto Regulatory Updates 👇 📊 SEC Chair Gary Gensler to Step Down: The Securities and Exchange Commission (SEC) announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective January 20, 2025. This leadership change could lead to shifts in the SEC's approach to crypto regulation. 📊 Federal Judge Ruling on SEC Authority: A federal judge ruled that the SEC had exceeded its statutory authority by adopting a rule that expanded the definition of "dealer" under the Securities Exchange Act of 1934. This expansion could have potentially included traders and other participants in decentralized finance (DeFi) protocols. This judicial pushback may limit the SEC's ability to regulate DeFi and other crypto-related activities. 📊 Sentencing of FTX Cofounder Zixiao “Gary” Wang: FTX cofounder Zixiao “Gary” Wang was sentenced to time served followed by three years of supervised release for his role in the collapse of FTX. Wang is the fifth and final former FTX executive to be sentenced, marking the end of a significant chapter in the FTX saga. 📊 Republican Attorneys General Sue SEC: Eighteen Republican attorneys general filed a lawsuit against the SEC. They argue that the agency’s policy of treating secondary transactions in common digital assets as uniformly “investment contracts,” and treating platforms that facilitate such transactions as intermediaries subject to registration requirements, constitutes unlawful executive action and violates the Administrative Procedures Act. This legal challenge highlights ongoing disputes over the SEC's regulatory reach and could result in significant changes to how digital assets are regulated. 📊 These developments could have far-reaching effects on the cryptocurrency industry, potentially leading to more defined and possibly more favorable regulatory conditions for crypto businesses and participants. The future of crypto regulation in the U.S. remains dynamic and uncertain, but these updates provide a glimpse into the evolving landscape. Thought-Provoking Questions: Can you imagine the potential implications of the federal judge's ruling on the SEC's authority over DeFi protocols? 🌐If you want to learn how blockchain can turn your fund into a next generation fund, just send me a message. Happy to help! #digitalassets #vc #investmentfunds #hedgefunds #venturecapital #startups #funding #privateequity #blockchain #tokenization #rwa #realworldassets

It’s been a long 2 years since the FTX meltdown, but with BTC near 100k and with Sec Chair, Gensler announcing the end of his tenure, for those of us who have been on the crypto rollercoaster for the past decade, this moment is a time of validation and unbridled optimism. In my latest, post I share some thoughts on how we got here and the road ahead.

🚀 After the Election: Is the US Poised for Regulatory Tailwinds? #RWASummit The panel featuring John McCarthy (Fireblocks), Sarah Chen (Cahill Gordon & Reindel LLP), Eli Cohen (Centrifuge), and Julie Stitzel (DCG), moderated by Sarah Milby (Blockchain Association), addressed the evolving regulatory landscape for digital assets in the US post-election. Here are the key takeaways: 🟢 1. SAB 121: A Barrier to Custodianship The rule's requirement for public companies to include customer digital assets on their balance sheets has raised the cost of custody. Bipartisan support exists for its repeal, and this may be revisited by the next Congress, creating room for more custodians in the space. 🟢 2. Digital Assets Remain Bipartisan While Democrats have become more engaged, crypto regulation is still a bipartisan issue. Increased engagement and support for regulatory clarity are emerging across both parties, particularly in response to high-profile failures like FTX. 🟢 3. Leadership Matters The personalities of key regulators like Gary Gensler at the SEC are influencing the aggressive enforcement approach toward crypto. A change in leadership could alter the tone and pace of enforcement actions. 🟢 4. Global Regulatory Models Countries like Singapore and regions like the EU are leading the way in creating effective digital asset regulations by working closely with the industry. The US has an opportunity to learn from these frameworks as it shapes its own. 🟢 5. Education is Key Both regulators and industry players need better education on the technologies behind digital assets. Jurisdictions that prioritize education and dialogue are building more robust frameworks and driving growth. 🌐 As we look to the future, the next election may bring a more favorable regulatory environment for digital assets in the US. #RWA #DigitalAssets #CryptoRegulation #Blockchain #Fintech #Regulation #Metrika #Tokenization #Innovation

Dana Lawrence offers a sneak peek to her Financial Services Exchange presentation. Explore some of the lessons from the fall of crypto exchange FTX and why curiosity is key in emerging tech. Read her blog now! https://loom.ly/fllF4OQ #IaMagIIA #financialservices #cryptoexchange

**Could cooperation with authorities be the key to avoiding prison time?** In a significant twist in the FTX saga, Gary Wang, the former Chief Technical Officer of FTX, has narrowly escaped prison after U.S. District Judge Lewis Kaplan praised his extensive cooperation with federal officials. This landmark decision underscores the complex dynamics of accountability and redemption within high-stakes finance involving cryptocurrency. Wang's journey through this tumultuous period has been underlined by his pivotal role as a witness against former CEO Sam Bankman-Fried during last fall’s trial. His testimony revealed critical insights into governance and operational practices that ultimately led to the collapse of one of crypto's most prominent exchanges. While many in similar positions face dire consequences, Wang's case illustrates how collaboration with legal authorities can shift outcomes dramatically. Judge Kaplan’s remarks highlight not only Wang's willingness to assist but also raise questions about justice and leniency in cases fraught with severe implications for investors and customers alike. As we delve deeper into this unfolding narrative, one must consider: what does it mean for accountability when cooperation is rewarded? Is there a slippery slope when others might see collaboration as an escape route rather than facing their consequences? The FTX fallout is not merely about punishment; it reflects broader themes within the economy—trust, innovation, and ethical conduct are at stake here! As we reflect on Wang’s situation and its broader implications for corporate America, how do you think forthcoming legislation will shape behaviors among executives at risk? Stay engaged as we track developments around regulatory changes triggered by these incidents that continue to shake up financial landscapes worldwide. Connect with startups to drive your corporate innovation 🚀 Book a meeting! https://lnkd.in/dFYwmbHq #FTX #CryptoNews #Finance #CorporateGovernance #SamBankmanFried #GaryWang #LegalMatters #InnovationStrategy #StartupCulture #TechNews Read more about this story here: https://lnkd.in/dfshQAiC