Scott Bessent, Trump's Treasury nominee, has said that the Treasury should stop exploring the creation of a central bank digital currency. The post Trump's Treasury Pick Scott Bessent Rejects Need for a US Digital Dollar appeared first on Cryptonews.

South Korea's largest crypto exchange, Upbit, has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and Know-your-client (KYC) requirements.

Reports of Trump administration plans for a multi-cryptocurrency national reserve, including Bitcoin, XRP, Solana, and USDC, have driven substantial price increases across the digital asset market.

A landmark lawsuit challenges the US government's stance on Web3 development licenses, as the industry anticipates major regulatory changes under new leadership.

Merit Systems raised $10 million in a seed funding round co-led by Andreessen Horowitz's crypto fund and Blockchain Capital.

Technology trade groups TechNet and NetChoice filed a lawsuit on Jan. 16 to challenge the CFPB's regulatory approach.

Incoming President Donald Trump could kick off his term with an executive order that designates crypto as a national priority.

A South Korean woman has been arrested for allegedly stealing a friend's $480,000 (700 Million won) worth of cryptocurrency to pay off her debts. The incident occurred after the woman met her victim on a chat app a few months ago.

Scott Bessent, President-elect Donald Trump's nominee for Treasury secretary, testified before the Senate Finance Committee on Jan. 16.

Tom Emmer's new appointment in Congress signals a push to foster an environment where digital asset innovation flourishes under pro-technology, American-led values. The Future of Digital Assets: A Powerful New Direction From Congress Congressman Tom Emmer of Minnesota has been appointed Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.

President-elect Donald Trump is preparing to release an executive order establishing digital assets as a policy priority and giving industry insiders a voice in his administration.

President-elect Donald Trump will prioritize crypto assets with executive orders expected to be signed soon after his inauguration, reads the report.

With $150 million in new funding, Solana-focused wallet Phantom aims to take on traditional finance as the next-gen consumer finance platform.

The crypto market is back on the rise, with its total value reaching $3.57 trillion after a 2.5% increase in the past 24 hours. Bitcoin, the largest cryptocurrency, is leading this recovery, trading at $101,380. Other top coins, including XRP, Solana, and Dogecoin, also saw strong gains of 8.5%, 7%, and 3.8%, respectively.

Friday has arrived again, and the end of the week means another Bitcoin options expiry event, but will it affect spot markets?

Malaysia's prime minister, after discussions with Binance's CZ, is urging swift action on blockchain regulations and collaborations to modernize the nation's financial systems.

In a Thursday Senate confirmation hearing, President-elect Donald Trump's Treasury Secretary nominee, Scott Bessent, dismissed the idea of a U.S. central bank digital currency (CBDC), easing the concerns some crypto observers have held for a long time. Scott Bessent said at the Senate Finance Committee, “I see no reason for the U.S.

Experts predict that under the incoming Trump administration, the capital going into US crypto startups will likely only increase.

Experts predict that under the incoming Trump administration, the capital going into US crypto startups will only increase.

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.

The New York Department of Financial Services (NYDFS) has launched a new initiative to collaborate with the Bank of England on improving oversight of digital assets and payment systems.

Michael Lewellen has asked a Texas federal court to determine that his crypto startup is within the law and to block the Department of Justice from prosecuting him.

South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country's new crypto regulatory framework.

Earlier this week, a three-judge bench in the Third Circuit ruled in favor of Coinbase Global Inc. (NASDAQ: COIN) in the case filed by the U.S. SEC. The U.S. SEC accused Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency.

Grayscale's Zach Pandl is seeing more crypto interest from pension and endowment fund managers, who largely ignored the industry over the last decade.

Lummis cited whistleblower claims the FDIC destroyed documents and silenced staff during a crypto oversight probe, sparking industry outrage.

Scott Vessant, considered a leading candidate for Treasury Secretary under President-elect Donald Trump, has expressed opposition to the idea of the U.S. adopting a central bank digital currency (CBDC). According to CoinTelegraph on January 17, Vessant articulated his stance during a Senate Finance Committee hearing on January 16.

Scott Bessent told the Senate he saw 'no reason' for the U.S. to pursue a central bank digital currency, aligning with Trump's past comments.

In a significant development for the ongoing discourse surrounding the digital asset sector, US Senator Cynthia Lummis (R-WY) has raised serious allegations against the Federal Deposit Insurance Corporation (FDIC). In a letter directed to FDIC Chair Marty Gruenberg, Lummis claims whistleblowers from within the agency have reported efforts to destroy documentation related to the FDIC's digital asset activities.

Phantom Technologies raised $150 million in a funding round led by Sequoia Capital and Paradigm, bringing its valuation to $3 billion.

The new December ruling from the US Consumer Financial Protection Bureau impacts payment apps and digital wallets offered by large non-bank companies.

A South Korean woman has been arrested on suspicion of stealing a “friend's” $481,000 crypto holdings to pay off her debts. The post South Korean Woman ‘Stole Friend's $481k Crypto Stash' to Pay Off Debt appeared first on Cryptonews.

Bitcoin price has surged past $102,000 after news broke that President-elect Donald Trump plans to designate cryptocurrency as a national priority. According to multiple reports, the incoming administration is preparing executive orders aimed at boosting the cryptocurrency sector, including new policies to support industry growth and streamline regulations.

U.S. President-elect Donald Trump intends to issue an executive order to list crypto as a national policy priority, according to Bloomberg.

President-elect Donald Trump plans an executive order naming cryptocurrency a national priority.

Blockchain developer Michael Lewellen has filed a lawsuit against the US Department of Justice (DOJ), accusing the President Joe Biden administration of stifling innovation in the crypto sector through overly broad interpretations of federal money-transmission laws. Lewellen's lawsuit centers on his work with Pharos, a non-custodial protocol that facilitates trustless and transparent crowdfunding campaigns.

The executive order would instruct regulatory agencies to work with the industry and create a crypto council to represent the industry, according to people familiar with the plans.

Phantom said the $150 million funding round accelerates Phantom's mission to become the world's biggest consumer finance platform.

Coinbase announced a partnership with money market Morpho on Jan. 16 to offer on-chain USD Coin (USDC) loans backed by Bitcoin (BTC), according to a Jan. 16 release. The service will allow Coinbase users to borrow USDC by pledging Bitcoin as collateral.

In traditional finance, assets under management (AUM) are often the most important metric for evaluating investment products. However, Bitwise's 2025 benchmark survey revealed a departure from this convention in the crypto market — financial advisors prioritize brand reputation and specialized expertise over AUM when selecting crypto investment vehicles.

Trump prioritizes crypto as national policy, proposing an advisory council and executive order to shift from prior regulations. The post Trump to make crypto a key national priority appeared first on Crypto Briefing.

Most retail traders are focused on BTC, ETH and AI tokens, per recent report.

Venture capital firms Sequoia Capital and Paradigm led the $150 million Seriec C funding round.

BitMEX, the cryptocurrency trading platform, has incurred a substantial $100 million penalty for contravening US anti-money laundering (AML) requirements. This penalty arises from the company's noncompliance with the US Bank Secrecy Act (BSA), which permitted unlawful transactions on its platform for multiple years.

The total trade activity on centralized exchanges reached an all-time high of $11.3 trillion, up 7.58%, according to the report by CCData. Record Numbers for Spot and Derivatives Trading The overall spot and derivative trading volume for centralized crypto exchanges (cexes) hit a record high of $11.3 trillion in Dec. 2024.

The plaintiff is seeking a declaratory judgment protecting his forthcoming crypto crowdfunding project from being prosecuted for unlicensed money transmitting.

A South Korean individual has been suspected of manipulating virtual asset prices through rapid buy orders, creating false market activity, and profiting.