The cryptocurrency market has experienced a significant downturn, losing a staggering $54 billion in the last 24 hours. The total market cap now sits at $3.07 trillion, falling below the critical support level of $3.10 trillion. The Cryptocurrency Fear and Greed Index has also dropped, now at 35 indicating fear in the market.

Cryptocurrency-friendly SEC Commissioner Hester Peirce, who has been famously dubbed "Crypto Mom," has opined that many existing meme coins do not fall under the purview of the agency during a recent interview with Bloomberg.

US President Donald Trump has chosen Brian Quintenz, head of policy at venture capital firm a16z, to serve as the next chair of the CFTC (Commodity Futures Trading Commission).

Nearly a third of central banks have delayed CBDC rollouts, but 75% still plan to issue one, a survey finds.

Former CFTC Commissioner Brian Quintenz, currently Head of Policy at a16z crypto, has been appointed by Trump to lead the CFTC.

A survey from a central bank-focused think tank found that fewer than one in five central banks are inclined to issue a central bank digital currency, compared to 38% in 2022.

President Donald Trump is reportedly planning to pick Brian Quintenz — the head of policy at a16z's crypto arm — as the next chair of the Commodity Futures Trading Commission.

President Donald Trump is reportedly planning to pick Brian Quintenz — the head of policy at a16z's crypto arm — as the next chair of the Commodity Futures Trading Commission.

The IRS has urged a federal appeals court to dismiss a challenge from crypto founder Rowland Marcus Andrade, who is seeking to quash tax summonses issued against him. The post IRS Urges Appeals Court to Dismiss Crypto Founder's Challenge to Tax Summonses appeared first on Cryptonews.

Hester Peirce shared that the US Securities and Exchange Commission (SEC) is delaying its crypto regulatory agenda until a new chair is confirmed.

The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records.

The US Securities and Exchange Commission (SEC) and global crypto exchange Binance have filed a joint motion to halt the ongoing legal battle for two months, citing the ongoing changes in the regulatory agency.

Binance, one of the world's leading cryptocurrency exchanges, has announced the delisting of five spot trading pairs as part of its routine market review process. This change will take effect on February 17, 2025, at 6:00 a.m. UTC.

Fed Chair Jerome Powell announced Tuesday that the US central bank won't develop a CBDC during his tenure. The post Fed Chair Powell Vows No US CBDC During His Tenure appeared first on Cryptonews.

Sources familiar with the matter said that US President Donald Trump has chosen Brian Quintenz, the policy chief at a16z, as the permanent chairman of the U.S. Commodity Futures Trading Commission (CFTC). Quintenz's appointment at CFTC could be a big win for the crypto industry considering that he has very closely worked with crypto players

Quintenz's appointment could speed up the CFTC's growing crypto role, mainly if Congress expands the regulator's authority.

CEO Amar Kuchinad says the platform will provide secure, transparent, and flexible lending solutions while reducing the risk of overleveraged losses before they spread.

Fed Chair Powell ruled out a US CBDC under his tenure, backing the Trump administration's push for stablecoins over digital fiat.

The Russian government is reportedly keen on issuing digital ruble benefits payments, but experts think major adoption hurdles may yet hamper Moscow's CBDC launch. The post Moscow Keen to Issue Digital Ruble Benefits Payments – Report appeared first on Cryptonews.

Binance's legal battle took a new turn today as both the company and the U.S. Securities and Exchange Commission (SEC) filed a joint motion to pause their case for two months.

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Brian Quintenz is returning to the Commodity Futures Trading Commission (CFTC), but this time, he's taking the top job. President Donald Trump has chosen the former CFTC commissioner and Andreessen Horowitz (a16z) policy head to lead the agency, according to a White House document sent to Capitol Hill today.

Federal Reserve Chair Jerome Powell says there's “no need to hurry” on rate cuts — but this didn't trigger much of a crypto sell-off, leading to one analyst to call a market bottom.

Quintenz, head of global policy at a16z crypto, served as a commissioner of the CFTC from 2017 to 2021 during Trump's first administration.

Binance and the US Securities and Exchange Commission (SEC) have jointly requested a federal judge to pause the regulator's ongoing lawsuit against the crypto exchange, citing the potential impact of a newly formed task force focused on digital asset regulation.

Ten countries launched a joint operation to disrupt LockBit in February 2024, saying the group had caused billions of dollars in damage to individuals and key infrastructure.

Peirce's crypto task force at the SEC is working on classifying which tokens should be considered non-securities.

Quintenz's nomination could significantly influence US crypto regulation, potentially shaping the future landscape of digital asset markets. The post Trump plans to nominate a16z's Brian Quintenz as CFTC chair appeared first on Crypto Briefing.

Crypto custodian BitGo is reportedly planning an IPO as early as the second half of the year.

The exclusion of meme coins from SEC oversight may prompt legislative or CFTC intervention, impacting crypto innovation and regulation. The post SEC Commissioner Hester Peirce says meme coins likely fall outside SEC's regulatory scope appeared first on Crypto Briefing.

Major CEXs have witnessed a significant decline in spot trading volume compared to the volume recorded in December 2024. The top exchange in terms of change rate was HTX, with negative 8% while Bitget trailed behind with -46%.

The US Securities and Exchange Commission (SEC) is reversing years of hostility toward crypto thanks to president Donald Trump.

Institutional crypto custody firm BitGo is reportedly considering an initial public offering (IPO) as early as this year, according to Bloomberg. The move aligns with a broader trend of digital asset companies exploring public listings amid bitcoins surge past $100,000 and a more favorable regulatory environment in the U.S. Founded by Mike Belshe, BitGo has backing from major investors, including Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners.

Federal Reserve Chairman Jerome Powell addressed concerns over the growing debanking trend in the crypto industry during his testimony before the Senate Banking Committee. Powell admitted he is troubled by the increasing reports of banks severing ties with crypto firms and noted that the Fed is already adjusting internal supervision policies.

SEDA has launched the Interoperability Verification Module (IVM) framework, setting a new standard for cross-chain security and verification. The plug-and-play solution enhances security, enables near-instant scaling, and increases decentralization for interoperability protocols.

The US Commodity Futures Trading Commission (CFTC) has issued a consent order against Rashawn Russell, a New York resident, for defrauding investors in a crypto trading scheme. Russell misappropriated around $1.5 million between 2020 and 2022, falsely guaranteeing investors no losses and promising returns of at least 25%.

Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb.

The crypto industry made a strong case for legislative clarity in a congressional hearing before the House subcommittee on digital assets. Titled A Golden Age of Digital Assets, the hearing reflected growing momentum for regulatory reforms, with industry leaders and lawmakers pushing for clear legal standards.

Support for Soneium is a precursor for firms to use Fireblocks' technology to provide crypto custody services on the month-old blockchain.

New legislation in the House and Senate seeks to regulate stablecoins, enforcing strict reserve requirements, banning tech giants from issuing them, and cracking down on offshore loopholes. New Bills in House and Senate Seek to Establish US Stablecoin Regulations The U.S. House Committee on Financial Services Democrats announced on Feb.

Various sectors of the crypto market, based on the GMCI indices, have fully retraced their post-U.S. election gains.

Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm.

Republican Congressman Tom Emmer said that Gary Gensler's actions towards the crypto industry was "illegal."

BitGo Inc., one of the world's leading providers of secure digital asset custody solutions, is reportedly gearing up for an initial public offering (IPO) as early as the second half of this year, according to a Bloomberg report. The post Crypto Custodian BitGo Eyes IPO in H2 as Regulatory Support Strengthens: Report appeared first on Cryptonews.

The Toyota Group's financial arm will issue its first blockchain technology-powered security token bonds next month. The post Toyota to Issue First Blockchain-powered Security Token Bonds appeared first on Cryptonews.

In a hearing with the loaded title "A Golden Age of Digital Assets," the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.

Following Trump's executive order, Chairman Powell has vowed not to launch a digital dollar.