Vice President Vance Turns to Bitcoin: Set to Speak at Crypto Conference

The Securities and Exchange Commission on Wednesday voluntarily dismissed its appeal of a ruling that prevented the agency from expanding existing securities laws to cover decentralized finance, or DeFi, users and projects. In a four-page motion filed by the SEC in the U.S. Court of Appeals for the Fifth Circuit, the agency said it wished…

Strategy Inc. is back in the market. After a two-week pause that left some shareholders questioning whether Michael Saylor’s accumulation machine had finally found a ceiling, the world’s largest corporate bitcoin holder disclosed Monday that it bought 535 BTC for $43 million between May 4 and May 10, paying an average of $80,340 per coin….

The US and UK jointly sanctioned the Prince Group, founder Chen Zhi, and related entities for orchestrating large-scale crypto scams and laundering billions. The DOJ filed a civil forfeiture covering 127,271 BTC worth AU$23.03 billion, calling it the largest in department history, while unsealing charges against Chen Zhi. The Prince Group allegedly ran Cambodian compounds…

Trump’s proposed Crypto Advisory Council draws interest from Ripple, Kraken, Coinbase, and Circle, sparking industry competition. The council may oversee a Bitcoin Reserve initiative and regulatory reforms, with key roles like a ‘crypto czar’ under discussion. Critics warn against including crypto insiders, advocating for unbiased experts to ensure balanced and objective policymaking. Crypto firms such…

Tether’s market capitalization has declined for a second straight month, a rare occurrence last seen after the 2022 Terra collapse. This contraction, alongside muted bitcoin ETF demand, points to fragile market conditions. Stablecoin Slowdown Signals Crypto Capital Outflows Tether ( USDT) is flashing a signal the crypto market hasn’t seen in years. The world’s largest…