Senate confirms Trump crypto-friendly nominees to take over CFTC, FDIC
In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
What if crypto's U.S. market structure effort just never gets there?
Guessing the direction of Congress is akin to long-range weather prediction, with so many variables in play, and the industry's fate depends on a break in the storm.
⚡️ NOW: Coinbase is suing Michigan, Illinois, and Connecticut over their attempts to regulate prediction markets, arguing the states lack jurisdiction, Bloomberg reports.
🚨 LATEST: NYSE owner Intercontinental Exchange (ICE) is in discussions to invest in crypto payments firm MoonPay as part of a funding round, per Bloomberg.
🇺🇸 NOW: CFTC seeks feedback on letting retail traders directly access derivatives clearing, part of push for stronger retail protections in derivatives markets.
🔥 NEW: Intuit has partnered with Circle to integrate USDC into its financial platforms, enabling faster and lower-cost payments across services like TurboTax, QuickBooks and Credit Karma.
🇺🇸 JUST IN: President Trump says he will soon announce the next chairman of the Federal Reserve, “someone who believes in lower interest rates by a lot.”