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Michael Barr, the Federal Reserve's Vice Chair for Supervision, announced his resignation effective February 28, a move seen as favorable by crypto advocates amid a shift towards pro-digital asset policies. His departure follows SEC Chair Gary Gensler's impending resignation, signaling a potential change in regulatory attitudes towards the crypto industry as the U.S. prepares for a pro-crypto administration under President-elect Trump. Industry insiders express hope that these changes will alleviate the challenges faced by crypto businesses in accessing banking services.
Virgin Voyages has begun accepting Bitcoin for cruise bookings, aiming to attract tech-savvy travelers. Meanwhile, President-elect Donald Trump has nominated pro-crypto Paul Atkins as the next SEC chair, signaling potential regulatory changes. Bitcoin surged past $100,000 for the first time, driven by these developments, while Coinbase's CEO criticized law firms that oppose the crypto industry. Michael Saylor urged Microsoft to adopt Bitcoin, emphasizing its importance in the digital economy.
Gurbir Singh Grewal
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crypto regulators resign as industry anticipates policy shift under new leadership
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01:02 07.01.2025
crypto market surges as bitcoin hits 100000 and new regulations emerge
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16:52 08.12.2024
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