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White House Withdraws Pro-Crypto Brian Quintenz's Name From CFTC Chair Nomination

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC) following a month-long dispute regarding his suitability for the role. Former CFTC commissioner Quintenz, a proponent of the cryptocurrency industry, faced opposition from significant figures like Tyler and Cameron Winklevoss. Despite

Trump Pulls Brian Quintenz Nomination for CFTC

The White House has officially withdrawn Brian Quintenz's nomination to chair the Commodity Futures Trading Commission (CFTC). Reports from Politico reveal that the decision came prior to its public announcement. Quintenz expressed gratitude for being nominated, describing the opportunity and the confirmation process as the honor of his

$1 Trillion Club ETF Gives Investors Exposure to Tech Giants—And Bitcoin

Defiance ETFs has launched a new ETF tracking the BITA Trillion Dollar Club Index, which includes major tech companies like Nvidia, Tesla, Apple, and Bitcoin through BlackRock's iShares Bitcoin Trust. This ETF, named TRIL, aims to provide investors with exposure to companies and assets with a market cap

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts

The U.S. Securities and Exchange Commission (SEC) has taken a significant step towards widening the landscape for crypto custody by indicating that state-chartered trusts are now acceptable for handling digital assets. This development, highlighted in a no-action letter from the SEC's Division of Investment Management, signals that

Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging

Bitcoin's recent rally has propelled the overall crypto market into positive territory for September, with an average monthly gain of 2.7%. The global cryptocurrency market cap now stands at $4 trillion, with Bitcoin trading above $114,400 and Ethereum around $4,200. However, altcoins such as Cardano

Ripple Chief Technology Officer to Step Back, Join Board

David Schwartz, a significant figure in the cryptocurrency industry, has announced he will reduce his responsibilities at Ripple Labs after 13 years with the company. Schwartz plans to step back from his day-to-day duties as Chief Technology Officer at the end of the year, opting to spend more time with

Crypto Today: SEC eyes stock tokens, Visa tests stablecoins

In today's crypto news, the SEC is considering allowing stock trading on blockchain platforms, indicating a potential shift towards integrating digital assets with traditional finance. The SEC's proposal involves permitting stock tokens, which are digital representations of company shares, on approved crypto exchanges. This move highlights