In a significant move, the incoming administration of President-elect Donald Trump is exploring the creation of a dedicated position within the White House to focus on cryptocurrency policy for the first time.
Sources familiar with the matter reveal that Trump’s team is currently considering candidates for this new role, which could play a central part in shaping the future of crypto regulations and policy.
If implemented, this role would oversee coordination among key government bodies, including the SEC and CFTC, and serve as the main point of contact between the White House, Congress, and regulatory agencies.
While the exact structure and seniority of the position remain uncertain, industry advocates are pushing for it to have direct access to the president.
The appointed individual could lead a team aimed at advancing crypto-related initiatives and ensuring effective communication between all stakeholders.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.
Veteran investor Jeffrey Gundlach is signaling a major turning point in global capital flows, suggesting that the era of U.S. market dominance may be drawing to a close.