President Donald Trump will host cryptocurrency CEOs and investors at the White House on Friday, signaling a dramatic change in the fortunes of an industry with a reputation for scandals that has been treated with suspicion by financial regulators. […] “It’s really extraordinary and gratifying to go from being in exile to being in the room where it happens,” Faryar…
President Donald Trump on Thursday suspended security clearances for Perkins Coie and ordered investigations of at least 15 law firms over diversity programs. The directive targets Perkins Coie employees because the firm in 2016, while working for presidential candidate Hillary Clinton, “hired Fusion GPS, which then manufactured a false ‘dossier’ designed to steal an election,” according to an executive order…
President Donald Trump has directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government, and he’s additionally called for a crypto stockpile of other types of assets. At this point, all of the assets contemplated by the order would be those seized in civil or criminal forfeitures. The bitcoin will…
Before the election, Ripple contributed $48 million to Fairshake, a group seeking to elect crypto-friendly candidates to Congress, and it has given tens of millions more since then. Ripple also donated $5 million worth of XRP to Trump’s inaugural committee. Around Inauguration Day, Ripple plastered the Washington Metro with ads featuring the MAGA-aligned slogan “Ripple: American leadership in crypto.” The…
The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not a speedboat,” SEC Acting Chair Mark Uyeda said Thursday at the Wall Street Journal’s CFO Network Summit in New York.…