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Trump transition team interviews candidates for CFTC chair amid crypto regulation shift
Donald Trump’s transition team is interviewing candidates for the CFTC chair position, which is expected to play a crucial role in regulating the $3.5 trillion crypto industry. Among the candidates are Brian Quintez, Caroline Pham, and Marco Santori, with Quintez seen as a strong contender due to his crypto expertise. The Trump administration aims to create a regulatory-friendly environment for crypto, contrasting with the current SEC's enforcement-heavy approach.
Tether invests 775 million in Rumble boosting stock by 35 percent
Tether Limited is investing $775 million in video-sharing platform Rumble, leading to a 35.89% surge in Rumble's stock. The deal, which includes purchasing 103.3 million shares, aims to enhance decentralization efforts while allowing Rumble's CEO to retain control. Tether plans to diversify its investments, allocating funds for growth initiatives and shareholder liquidity.
former cftc chairman chris giancarlo emerges as crypto czar candidate
Chris Giancarlo, former CFTC chairman and known as "Crypto Dad," is a leading candidate for the Trump administration's potential "crypto czar" position. His tenure included the launch of bitcoin futures and advocacy for blockchain technology, positioning him to create a regulatory framework for stablecoins and support U.S. crypto innovation. Giancarlo is also involved with the Digital Dollar Project and serves as an ambassador for the prestigious CfC St. Moritz conference.
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