The brand’s primary color is now orange, which it says represents energy, intelligence and Bitcoin.The company’s total bitcoin holdings stand at 471,10, worth around $44 billion.
The SEC reassigned crypto litigator Jorge Tenreiro to its computer systems management department, reports the Wall Street Journal. Tenreiro has worked at the SEC for over 11 years, first joining as an enforcement lawyer before serving as the agency’s deputy chief of crypto assets and cyber unit from October 2022 to November 2024.Tenreiro’s reassignment follows the SEC’s crypto enforcement unit downsizing, a part of the agency’s softening stance toward the industry since President Donald Trump took office on Jan. 20.
The brand’s primary color is now orange, which it says represents energy, intelligence and Bitcoin.The company’s total bitcoin holdings stand at 471,10, worth around $44 billion.
JUST IN: Michael Saylor's MicroStrategy changes its name to "Strategy."
BTC has been fluctuating frequently recently, with prices fluctuating due to policy influences and institutional selling pressure, posing significant challenges and difficulties for large capital operations. How to ensure capital profits in the current market situation, avoid slippage and market shocks, and efficiently allocate funds? Intelligent order splitting tool is your best assistant! The unique feature of AICoin's intelligent order splitting tool lies in its combination of iceberg commission and time weighted strategy, which does not pre order and can effectively control price slippage, minimize market impact, and achieve maximum profit. Specifically manifested as: 1. Flexible splitting: can split orders based on amount, quantity, and triggered upon delivery; 2. Concealed order splitting: supports order intervals and random single transactions, without pre hanging orders; 3. Timely Reminder: Promptly remind users when the delegation status changes. Accurate strategy is the key to success, efficient tools are the support for success, and using intelligent order splitting can help you accurately layout and profit!
As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business.Travis Hill, the acting FDIC chairman tapped by President Donald Trump, has thrown open more of the agency's past documents and said the U.S. banking regulator will be reconsidering its previous crypto guidance that deliberately kept banks an arm's length away from what had been seen as the unregulated volatility of crypto. The past letters between the FDIC and bank have been the focus of a court Freedom of Information Act battle between Coinbase and the agency, in which the courts had directed the regulator to share more information.See all newslettersMeanwhile, Hill said the FDIC will be "providing a pathway for institutions to engage in crypto- and blockchain-related activities while still adhering to safety and soundness principles," according to a statement issued before the start of a Wednesday hearing in the Senate Banking Committee on this topic."I directed staff to conduct a comprehensive review of all supervisory communications with banks that sought to offer crypto-related products or services," he said. "While this review remains underway, we are releasing a large batch of documents today, in advance of a court-ordered deadline of Friday."Hill, who will run the FDIC until Trump puts forward a permanent candidate, characterized the agency as deliberately making it impossible for banks to handle crypto business."Requests from these banks were almost universally met with resistance, ranging from repeated requests for further information, to multi-month periods of silence as institutions waited for responses, to directives from supervisors to pause, suspend, or refrain from expanding all crypto- or blockchain-related activity," he said.U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC SuggestsWhen the Senate hearing got underway, Chairman Tim Scott, a South Carolina Republican, called the situation at the FDIC a "disgusting and disheartening picture of abuse" and praised Hill's actions.At the hearing, Nathan McCauley, the co-founder and CEO of federally chartered crypto bank Anchorage Digital, shared his account of Anchorage being severed from banking relationships because of regulatory pressure."To say this is pervasive is an understatement," he told the senators in his testimony. "It's been across the entire industry, everybody has dealt with this."He called it so common that "it became background noise" in which it was "just assumed that if you were a crypto company, you would have trouble getting bank services."He contended that the pressure from regulators ran counter to what U.S. bankers actually wanted to do in the digital assets sector."All of the big banks wanted to work with crypto and were scared away from it by the regulatory apparatus," he said. Senator Elizabeth Warren, the committee's ranking Democrat, sought to highlight the other segments of the U.S. population that are routinely blocked from banking services. But she did agree with McCauley's central point."I don't think for a second that you should be locked out of our banking system," she said. "In many cases, it is wrong for banks to close accounts and threaten your ability to make payroll or pay rent on time without even providing an explanation, so long as you are following the law."