7 hours ago
As the smoke clears on its own newly dropped enforcement case , Coinbase is demanding the U.S. Securities and Exchange Commission cough up a record of its spending on investigations and actions against the wider industry in recent years The biggest U.S. crypto exchange is filing a Freedom of Information Act request — using its contractor History Associates Inc. — to obtain internal agency accounting for the expense of its enforcement campaign involving digital assets businesses. The document seeks total costs for investigations and enforcement actions in the past four years; a listing of targeted companies; the numbers of employees and contractors working on the cases; and financial information about the running of the previous leadership`s crypto enforcement unit. The SEC has been under new management since the inauguration of President Donald Trump, who elevated Commissioner Mark Uyeda to be acting chairman. Uyeda began a dramatic reversal of the agency`s crypto stance , replacing legal officials, snuffing out investigations and dismissing long-running court cases, including the one against Coinbase. "We`re asking the SEC to produce this information voluntarily and subject to their FOIA obligations, without making Coinbase or anybody else have to go to court to get what we think the American people deserve to know," said Coinbase Chief Legal Officer Paul Grewal, in an interview with CoinDesk. Coinbase has pursued the SEC in federal court before on public-records disputes, and the company`s effort to reveal communications about the regulator`s internal discussions on crypto oversight is still an active case. Even as the agency has freed digital assets businesses from enforcement cases, some in the industry have called for the SEC to pay more harshly for the way it handled the sector under Chair Gary Gensler, including requests to fire more staff who were involved. Grewal insisted that this records request isn`t retaliatory but that transparency about what happened is necessary. "This is not just about Coinbase or anybody else taking a victory lap or trying to rub the SEC or anybody else`s nose in their admission that the last four years were a mistake," he said. "This is much more about learning the lessons of history so that we never have to repeat them." While the public has a right to view government documents, the process for obtaining them often runs into agency roadblocks and can stretch into months or years. And the SEC can cite exceptions that include cases remaining active, which still includes a number of crypto matters involving such firms as Kraken, Ripple and Crypto.com. But Grewal said closed cases such as Coinbase`s and the many other firms getting good news in recent days should be available to scrutiny. "Let`s get the facts on the table," Grewal said. "Let`s tally up what the costs were. Let`s consider whether there were some benefits that ought to be measured as well. And then let`s decide, is this what we want for our country and for our economy, and how do we craft rules to make sure that this doesn`t happen again?" Read More: U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal
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Policy Breaking Coinbase U.S. Securities and Exchange Commission Freedom of Information Act Enforcement
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JUST IN: The Big Investment Donald Trump Will Announce Today Is Revealed
According to last minute developments, after the information that Donald Trump would announce a “big investment” in the past hours, it was revealed what this investment was. US President Trump announced that TSMC plans to invest $100 billion in the United States, and most of the investment will be in Arizona. In addition, he said: “TSMC will build five more chip factories in the United States, and the total investment in the United States will reach at least $165 billion.” Following the announcement, TSMC shares rose, paring losses to 2.5%. *This is not investment advice. Continue Reading: JUST IN: The Big Investment Donald Trump Will Announce Today Is Revealed CoinDesk
![Buckle up, crypto enthusiasts! The digital currency world is buzzing with anticipation as former U.S. President Donald Trump drops hints about a major announcement. Could this be the catalyst that sends Bitcoin soaring or the news that reshapes the altcoin landscape? Let’s dive into the swirling speculation and see what this could mean for your crypto portfolio. What’s the Buzz Around Trump’s ‘Big’ Announcement? The crypto community ignited overnight when news broke from Walter Bloomberg’s X (formerly Twitter) account, reporting Trump’s intriguing message on Truth Social. The message was simple yet potent: “Tomorrow night will be big. I will tell it like it is!” This cryptic message, devoid of specifics, has sent ripples across various sectors, but within the financial markets, particularly cryptocurrency investment circles, the guessing game is in full swing. Trump’s history with cryptocurrency is, shall we say, complex. From expressing skepticism to more recently hinting at a potentially more crypto-friendly stance, his pronouncements can move markets. So, naturally, when he teases a “big” announcement, the ears of crypto investors perk up. Is this about a new venture? A policy shift? Or something else entirely? The ambiguity is, frankly, driving everyone a little crazy – in that exciting, edge-of-your-seat kind of way. Could Cryptocurrency Investment Be the Center of Trump’s Plan? While the content of Trump’s announcement remains shrouded in mystery, the timing and the current economic climate fuel speculation about cryptocurrency investment. Here’s why the crypto world is particularly attentive: Economic Uncertainty: Global economic headwinds, inflation concerns, and traditional market volatility are pushing investors towards alternative assets. Cryptocurrency, despite its own volatility, is increasingly seen as a hedge and a potential high-growth area. Trump’s Evolving Stance: While initially critical, Trump’s rhetoric around crypto has softened. In recent times, there have been subtle hints suggesting a potential embrace of the sector, especially as a means to boost American innovation and competitiveness. Truth Social Connection: Announcing on Truth Social, his own platform, suggests a direct-to-consumer or perhaps a politically charged message. Cryptocurrency, with its decentralized and often libertarian ethos, aligns with certain aspects of this narrative. ‘Big’ Announcement Hype: The use of the word “big” implies something substantial, not just a minor update. In the financial world, “big” often translates to significant investment, policy changes, or market-moving news. [img src=”image-placeholder.jpg” alt=”Speculative image of Trump announcement and crypto symbols”] Why is the Crypto Market Reacting to Trump’s Tease? The crypto market, known for its sensitivity to news and speculation, is reacting precisely because of the potential for a major announcement related to cryptocurrency. Here’s a breakdown of why this seemingly vague tweet is causing ripples: Factor Impact on Crypto Market Uncertainty Breeds Volatility Markets dislike uncertainty. Speculation, both positive and negative, can lead to increased trading volume and price fluctuations. We’re seeing this now with various cryptocurrencies experiencing minor pumps and dumps as traders try to anticipate the news. Hope for Pro-Crypto Stance Many in the crypto space hope Trump’s announcement will signal a more favorable regulatory environment or even direct government initiatives supporting cryptocurrency investment and innovation. This hope is driving some bullish sentiment. Fear of Negative Regulation Conversely, there’s a segment of the market worried the announcement could be about stricter regulations or policies that might stifle crypto growth. This fear is contributing to cautious trading and hedging strategies. Media Amplification News outlets, like ourselves, are amplifying the story, further fueling the speculation and market reaction. The more attention it gets, the more likely it is to influence investor behavior. Navigating the Uncertainty: What Crypto Investors Should Watch For? In this whirlwind of speculation surrounding Trump’s announcement and its potential impact on cryptocurrency investment, what should savvy crypto investors do? Here are some actionable insights: Stay Informed, Stay Cautious: Rely on reputable news sources (like us!) for updates. Be wary of hype and sensationalism. Don’t make impulsive decisions based solely on speculation. Manage Risk: Given the uncertainty, it’s wise to manage your risk. Don’t overextend your portfolio based on a ‘maybe’ announcement. Consider diversifying and setting stop-loss orders. Watch for Clues: Keep an eye on Trump’s Truth Social feed and Walter Bloomberg’s updates for any further hints leading up to the announcement. Analyze the language used – does it lean towards finance, technology, or something else? Prepare for Volatility: Expect continued market volatility in the short term. Be prepared for potential price swings in both directions depending on the nature of the announcement. Consider Long-Term Strategy: Remember that short-term market fluctuations are often noise in the grand scheme of long-term cryptocurrency investment. Don’t let speculation derail your well-thought-out investment strategy. The Clock is Ticking: A Potential Game-Changer or Just Noise? The cryptocurrency world is holding its breath. Trump’s “big” announcement could be a monumental moment, ushering in a new era for cryptocurrency investment, or it could be completely unrelated to digital assets, leaving the crypto community in a state of mild disappointment (and perhaps a bit of relief from the rollercoaster of speculation). Regardless of the outcome, this episode highlights the powerful influence of public figures on the crypto market and the inherent volatility that comes with this exciting, rapidly evolving space. Tomorrow night promises to be… interesting, to say the least. Stay tuned! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.](/image/67c61aab56b36.jpg)
Urgent Crypto News: Trump’s ‘Big’ Announcement Sparks Cryptocurrency Investment Speculation
Buckle up, crypto enthusiasts! The digital currency world is buzzing with anticipation as former U.S. President Donald Trump drops hints about a major announcement. Could this be the catalyst that sends Bitcoin soaring or the news that reshapes the altcoin landscape? Let’s dive into the swirling speculation and see what this could mean for your crypto portfolio. What’s the Buzz Around Trump’s ‘Big’ Announcement? The crypto community ignited overnight when news broke from Walter Bloomberg’s X (formerly Twitter) account, reporting Trump’s intriguing message on Truth Social. The message was simple yet potent: “Tomorrow night will be big. I will tell it like it is!” This cryptic message, devoid of specifics, has sent ripples across various sectors, but within the financial markets, particularly cryptocurrency investment circles, the guessing game is in full swing. Trump’s history with cryptocurrency is, shall we say, complex. From expressing skepticism to more recently hinting at a potentially more crypto-friendly stance, his pronouncements can move markets. So, naturally, when he teases a “big” announcement, the ears of crypto investors perk up. Is this about a new venture? A policy shift? Or something else entirely? The ambiguity is, frankly, driving everyone a little crazy – in that exciting, edge-of-your-seat kind of way. Could Cryptocurrency Investment Be the Center of Trump’s Plan? While the content of Trump’s announcement remains shrouded in mystery, the timing and the current economic climate fuel speculation about cryptocurrency investment. Here’s why the crypto world is particularly attentive: Economic Uncertainty: Global economic headwinds, inflation concerns, and traditional market volatility are pushing investors towards alternative assets. Cryptocurrency, despite its own volatility, is increasingly seen as a hedge and a potential high-growth area. Trump’s Evolving Stance: While initially critical, Trump’s rhetoric around crypto has softened. In recent times, there have been subtle hints suggesting a potential embrace of the sector, especially as a means to boost American innovation and competitiveness. Truth Social Connection: Announcing on Truth Social, his own platform, suggests a direct-to-consumer or perhaps a politically charged message. Cryptocurrency, with its decentralized and often libertarian ethos, aligns with certain aspects of this narrative. ‘Big’ Announcement Hype: The use of the word “big” implies something substantial, not just a minor update. In the financial world, “big” often translates to significant investment, policy changes, or market-moving news. [img src=”image-placeholder.jpg” alt=”Speculative image of Trump announcement and crypto symbols”] Why is the Crypto Market Reacting to Trump’s Tease? The crypto market, known for its sensitivity to news and speculation, is reacting precisely because of the potential for a major announcement related to cryptocurrency. Here’s a breakdown of why this seemingly vague tweet is causing ripples: Factor Impact on Crypto Market Uncertainty Breeds Volatility Markets dislike uncertainty. Speculation, both positive and negative, can lead to increased trading volume and price fluctuations. We’re seeing this now with various cryptocurrencies experiencing minor pumps and dumps as traders try to anticipate the news. Hope for Pro-Crypto Stance Many in the crypto space hope Trump’s announcement will signal a more favorable regulatory environment or even direct government initiatives supporting cryptocurrency investment and innovation. This hope is driving some bullish sentiment. Fear of Negative Regulation Conversely, there’s a segment of the market worried the announcement could be about stricter regulations or policies that might stifle crypto growth. This fear is contributing to cautious trading and hedging strategies. Media Amplification News outlets, like ourselves, are amplifying the story, further fueling the speculation and market reaction. The more attention it gets, the more likely it is to influence investor behavior. Navigating the Uncertainty: What Crypto Investors Should Watch For? In this whirlwind of speculation surrounding Trump’s announcement and its potential impact on cryptocurrency investment, what should savvy crypto investors do? Here are some actionable insights: Stay Informed, Stay Cautious: Rely on reputable news sources (like us!) for updates. Be wary of hype and sensationalism. Don’t make impulsive decisions based solely on speculation. Manage Risk: Given the uncertainty, it’s wise to manage your risk. Don’t overextend your portfolio based on a ‘maybe’ announcement. Consider diversifying and setting stop-loss orders. Watch for Clues: Keep an eye on Trump’s Truth Social feed and Walter Bloomberg’s updates for any further hints leading up to the announcement. Analyze the language used – does it lean towards finance, technology, or something else? Prepare for Volatility: Expect continued market volatility in the short term. Be prepared for potential price swings in both directions depending on the nature of the announcement. Consider Long-Term Strategy: Remember that short-term market fluctuations are often noise in the grand scheme of long-term cryptocurrency investment. Don’t let speculation derail your well-thought-out investment strategy. The Clock is Ticking: A Potential Game-Changer or Just Noise? The cryptocurrency world is holding its breath. Trump’s “big” announcement could be a monumental moment, ushering in a new era for cryptocurrency investment, or it could be completely unrelated to digital assets, leaving the crypto community in a state of mild disappointment (and perhaps a bit of relief from the rollercoaster of speculation). Regardless of the outcome, this episode highlights the powerful influence of public figures on the crypto market and the inherent volatility that comes with this exciting, rapidly evolving space. Tomorrow night promises to be… interesting, to say the least. Stay tuned! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. CoinDesk
