Pennsylvania’s HB1812 would create a Pennsylvania Bitcoin ban for public officials by requiring disclosure and divestment of Bitcoin and other digital assets above $1,000 within 90 days, banning crypto transactions
Anchorage Digital consent order terminated: the OCC has ended its 2022 consent order after Anchorage demonstrated compliance with Bank Secrecy Act and AML requirements, restoring the bank’s full regulatory standing
Anchorage Digital, the first federally chartered digital asset bank, is no longer under an OCC consent order after reaching "compliance."
BitcoinWorld CFTC Crypto Sprint: Unleashing Crucial Regulatory Action for US Leadership The cryptocurrency landscape in the United States is buzzing with a significant development: the CFTC crypto sprint . This initiative, announced by Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), signals an urgent push to implement key recommendations from the White House crypto report. It is a pivotal moment for digital asset regulation, promising to shape the future of how cryptocurrencies are traded and overseen in America. What is the CFTC Crypto Sprint Unveiling? The CFTC crypto sprint is essentially an accelerated effort by the Commodity Futures Trading Commission. Its primary goal is to quickly integrate and act upon the insights and directives outlined in the comprehensive White House crypto report. This rapid response highlights a commitment to establishing clear regulatory frameworks for digital assets. Eleanor Terrett, host of the “Crypto in America” podcast, shared insights on X, noting that Pham positioned this sprint as a direct answer to President Donald Trump’s call for the U.S. to lead in crypto trading. This suggests a strategic move to solidify America’s position at the forefront of the global digital economy. Why is This Regulatory Push So Important? This initiative isn’t just about creating new rules; it’s about fostering innovation while ensuring market integrity and consumer protection. The CFTC’s proactive stance, especially in coordination with the Securities and Exchange Commission’s (SEC) Project Crypto, aims to provide much-needed clarity for businesses and investors alike. A well-defined regulatory environment can attract more institutional investment and foster safer participation in the crypto markets. Clarity reduces uncertainty, which is often a major hurdle for growth in nascent industries. By clarifying jurisdictional lines and regulatory expectations, the CFTC crypto sprint could unlock significant potential for the U.S. crypto sector. For instance, clearer rules around commodity versus security classifications could greatly impact how exchanges operate and how new tokens are launched. How Can You Participate in the CFTC Crypto Sprint? A crucial aspect of this regulatory push is public engagement. The CFTC is actively seeking input from all stakeholders – individuals, businesses, and experts – until October 20. This public comment period is an invaluable opportunity for the crypto community to voice their perspectives, concerns, and suggestions directly to the regulators. Your input can help shape the final recommendations and ensure that the regulatory framework is balanced, practical, and forward-thinking. Engaging in this process is a powerful way to contribute to the responsible evolution of digital asset regulation. Consider submitting comments on topics such as derivatives trading, DeFi, or stablecoins. What Challenges Might the CFTC Crypto Sprint Face? While the intent behind the CFTC crypto sprint is positive, the path to effective regulation is often complex. One significant challenge is the rapid pace of technological innovation in the crypto space, which can quickly outpace traditional regulatory processes. Regulators must strike a delicate balance between encouraging innovation and mitigating risks without stifling growth. Another hurdle involves inter-agency coordination. While the CFTC and SEC are collaborating, defining clear jurisdictional boundaries for various digital assets remains a complex task. Different interpretations could lead to regulatory arbitrage or fragmentation, which would undermine the goal of a cohesive framework. Overcoming these challenges will be crucial for the sprint’s long-term success. Looking Ahead: What Does This Mean for US Crypto Leadership? The convergence of the CFTC crypto sprint and the SEC’s Project Crypto signifies a concerted effort by key U.S. financial regulators. This collaborative approach suggests a move towards a more harmonized regulatory landscape for digital assets, which has long been a desire within the crypto industry. The ultimate goal is to establish the U.S. as the undisputed leader in global crypto trading and innovation. Ultimately, these initiatives aim to create a robust and transparent market where innovation can thrive under appropriate oversight. The goal is to solidify the U.S.’s role as a leader in the digital asset space, providing a secure environment for both innovation and investment. This could attract more capital, talent, and entrepreneurial activity to American shores. The CFTC crypto sprint represents a significant stride towards establishing a clear and comprehensive regulatory framework for digital assets in the United States. By actively seeking public input and coordinating with other agencies, the CFTC is demonstrating a commitment to building a resilient and competitive crypto ecosystem. This proactive approach is essential for ensuring that the U.S. remains at the forefront of the evolving global digital economy. This is a moment for the industry to engage and help shape its own future. Frequently Asked Questions (FAQs) What is the main purpose of the CFTC crypto sprint? The primary purpose of the CFTC crypto sprint is to rapidly implement recommendations from the White House crypto report to establish clear regulatory frameworks for digital assets and solidify U.S. leadership in crypto trading. Who announced the CFTC crypto sprint? Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), announced the initiative. How does the CFTC crypto sprint relate to the SEC’s Project Crypto? The CFTC crypto sprint is a parallel effort to the SEC’s Project Crypto, indicating a coordinated and collaborative approach by key U.S. financial regulators to harmonize digital asset regulation. When is the deadline for public comments on the CFTC crypto sprint? The CFTC is accepting public comments until October 20. Why is public comment important for the CFTC crypto sprint? Public comments provide invaluable input from stakeholders, helping to ensure that the final regulatory framework is balanced, practical, and forward-thinking, and reflects the diverse perspectives of the crypto community. Did you find this article insightful? Share it with your network on social media to spread awareness about the crucial CFTC crypto sprint and its potential impact on the future of digital assets! To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption. This post CFTC Crypto Sprint: Unleashing Crucial Regulatory Action for US Leadership first appeared on BitcoinWorld and is written by Editorial Team
Coinbase CEO Brian Armstrong has predicted that Bitcoin will be worth $1 million by 2030, citing the regulatory clarity that the industry is experiencing. Armstrong shared this take in a recent interview. In the crypto executive’s appearance on Stripe co-founder John Collison’s podcast, Cheeky Pint, Armstrong noted that many datapoints support his predictions of Bitcoin being worth a million dollars in five years. He said: “I think we’ll see $1M per bitcoin by 2030. Regulatory clarity is finally emerging.” According to him, the regulatory clarity in the US will likely boost similar moves across the top economies, given that the US is a bellwether for the G20. Meanwhile, the CEO pointed to other regulatory developments, including the passage of the GENIUS stablecoin Act and the current congressional debate on the Market Structure Bill, which would be a major milestone if it passes by the end of the year. Beyond that, Armstrong noted the US government’s embrace of the Strategic Bitcoin Reserve, which was unimaginable five years ago. He stated that everyone would have laughed at the idea if someone had put it on a vision board. In his view, if the US plans to hold Bitcoin officially, more countries will do the same. The Coinbase CEO added that there is sovereign interest in BTC, noting that several local, state, and even international governments are getting involved with Bitcoin. According to him, Coinbase provides crypto services to around 140 sovereign entities. Bitcoin risks on the decline could boost demand Overall, Armstrong believes the general decline in Bitcoin risks would be the major driving force for the asset to reach $1 million. While he admitted that regulatory risks may not be fully eliminated, he noted that any risk of the government shutting Bitcoin down has been severely diminished. Thus, more clarity will only encourage institutions to allocate more capital to Bitcoin. According to him, his conversations with institutional participants show that the major reason many have kept their Bitcoin allocation at around 1% instead of 5% of their portfolio is because they are still waiting for clarity. Even with significant institutional money waiting on the sidelines for more regulatory clarity that could come with the Market Structure Bill, the flagship asset has already seen an influx of capital. This is evident in the success of Bitcoin exchange-traded funds. Meanwhile, Armstrong also noted that technical risks around the Bitcoin Network’s fundamental security appear to have also reduced. Although he is unsure whether Bitcoin Core is already post-quantum, Armstrong acknowledged the need to upgrade the network to become quantum-resistant. The Coinbase CEO added that the core teams behind major blockchain networks such as Bitcoin, Ethereum, and Solana are already working on making these networks quantum-resistant. Unsurprisingly, the crypto added that the $1 million is only his prediction and not financial advice, as it is impossible to guarantee. Despite this caveat, his bullish sentiments are shared by many, including Standard Chartered, which expects BTC to be worth $500,000 by 2028. Bitcoin falls to lowest price level since early August While Armstrong and other Bitcoin bulls are bullish on their price targets, the flagship asset appears not to have gotten the memo. Bitcoin fell as low as $112,182 in the last 24 hours, according to CoinMarketCap. The decline to $112,000 range means Bitcoin has hit its lowest level since August 2 and continues a dip in BTC price since it hit a new all-time high above $124,000 on August 14. With the asset falling, bullish sentiments have also declined. According to CryptoQuant’s head of research, Julio Moreno , its bull score index declined from Bullish Cooldown to Neutral phase. Moreno noted that a further decline in the index could mean prices will fall further. Bitcoin whales are buying the dip (Source: CryptoQuant) Interestingly, whales are taking advantage of the dip in price to buy more BTC. Onchain analyst Caue Oliveira noted that wallets of major Bitcoin holders have accumulated 16,000 BTC in the past seven days, showing that wallets are taking advantage of the price correction to buy the dip. Get up to $30,050 in trading rewards when you join Bybit today
CORRECT: TRUMP ADMIN ISN’T EYEING EQUITY IN COMPANIES INCREASING US INVESTMENT LIKE TSMC MICRON, MAY TAKE STAKE IN OTHERS: WSJ $TSM $MU
TSMC EXECUTIVES CONSIDER GIVING CHIPS ACT FUNDS BACK IF US GOVT ASKED FOR EQUITY: WSJ TRUMP ADMIN MAY TAKE EQUITY IN SMALLER COMPANIES RECEIVING FUNDS UNDER ACT: WSJ $TSM
Visa is ramping up its crypto push, seeking blockchain expertise to fuel cutting-edge payment insights, sharpen network efficiency, and unlock fresh growth opportunities in digital transaction innovation. Visa Seeks Strategic Hire to Tap Blockchain Flows for Payment Innovation Edge Visa posted on its careers page that it is seeking an onchain data analyst to join
The fifth version of ChatGPT predicts that XRP, Solana, and Ethereum could deliver major gains for investors by the holiday season. Recent market developments potentially light the way. Last week, Bitcoin climbed to a new all-time high of $124,128, surpassing its previous record of $122,838 from only a month earlier. However, prices quickly corrected after the Bureau of Labor Statistics reported higher-than-expected U.S. inflation numbers for July. On the regulatory front, President Trump signed the GENIUS Act in July, the nation’s first comprehensive legislation for stablecoins, requiring them to be fully backed by reserves. A little later, the Securities and Exchange Commission introduced Project Crypto , a major initiative aimed at modernizing securities regulations and offering clearer guidance to crypto firms. With regulations evolving and investor optimism building, many analysts believe the next rally in altcoins and meme tokens could eclipse the speculative frenzy of 2021. If ChatGPT’s forecast proves accurate, XRP, Solana, and Ethereum may be leading the way. XRP (Ripple): ChatGPT Predicts a 3× Rally, Targeting $10 by Year-End ChatGPT predicts that XRP ($XRP) could rise toward $15 by the end of 2025, a move that would more than quintuple its current trading price of $2.90. The token has already demonstrated impressive momentum. On July 18, XRP touched $3.65, moving past its 2018 record of $3.40, before dropping back about 20.6% as the market turned bearish. Ripple’s cross-border payments technology continues to gain ground internationally. In 2024, the UN Capital Development Fund recognized XRP as a potential solution for affordable transfers in developing countries. Earlier this year, Ripple also resolved its long-running dispute with the SEC after the regulator dropped its case. This followed a 2023 court ruling that confirmed retail sales of XRP are not securities, a precedent that eased regulatory pressure on virtually all altcoins. If XRP revisits its peak and extends higher, ChatGPT sees $5 as a reasonable target, with $15 achievable under a strong bull market. On a technical level, conditions also look promising. The relative strength index (RSI) is currently sitting at 43, which means the selloff has pulled it away from its 30-day moving average and the market is now undervaluing it, which could catalyze a quick rebound. Over the last 365 days, XRP has surged 383%, outpacing Bitcoin’s 90% gain and Ethereum’s 65% rise. Solana (SOL): ChatGPT Predicts ETF Speculation and Network Growth Driving 5× Gains by Christmas Solana ($SOL) is continuing to reinforce its position in the smart contract space, now valued at more than $99 billion, with $10.7 billion in total value locked (TVL) , while continuing to attract both developers and institutional players. Part of the optimism comes from speculation that a U.S.-approved Solana spot ETF could be on the horizon. Such a product would likely replicate the large institutional inflows that followed the approval of Bitcoin and Ethereum ETFs. Adding to the discussion, President Trump hinted earlier this year on social media that Solana could be included in the proposed U.S. national Bitcoin reserve. However, under the current proposal, it would fall under a “hold-only” rule, meaning tokens could only be sourced from law enforcement seizures rather than direct government purchases. On the charts, Solana has managed to break free from a prolonged downtrend. After peaking at $250 in January, dropping to $100 in April, and rebounding to $184, it now looks stronger. This breakout from its descending wedge pattern has ChatGPT forecasting a potential run toward $1,000 by late 2026, more than triple its previous all-time high of $293.31 set in January. Still, this bullish scenario is realistically only likely if the SEC introduces comprehensive crypto regulations in the fall. Ethereum (ETH): ChatGPT Predicts the Ethereum Wave Could Break at the Heady $10,000 Mark Ethereum ($ETH) continues to serve as a cornerstone of the blockchain sector. Since its launch in 2015, it has grown into the second-largest cryptocurrency with a market capitalization now exceeding $516 billion. Its greatest strength is its smart contract ecosystem, which underpins much of the decentralized finance industry. At present, more than $88.8 billion in TVL is across DeFi protocols built on Ethereum. ChatGPT envisions a bullish path where Ethereum could climb to $10,000 by the end of 2025, about four times its current level of $4,264. This projection is driven by Ethereum’s key role in Web3 adoption, along with its dedicated team, which are constantly implementing network upgrades to scale the blockchain. Additionally, the growing participation of institutionals through spot Ethereum ETFs, stablecoins and real world asset (RWA) tokenization makes Ethereum arguably a safer bet than Bitcoin. If President Trump pushes forward with a comprehensive U.S. crypto framework, it could unlock a new wave of mainstream adoption, which Ethereum would easily benefit from, given the plethora of layer 2 protocols and DeFi dApps it houses. Recent price movement supports a bullish outlook. Following a lengthy consolidation period marked by a falling wedge formation, Ethereum rebounded from $1,800 in April to $2,412 by May 7, then from July it climbed multiple legs higher towards its current valuation. Clearly, larger investors are interested in supporting this one. Beyond the Big Names: Best Wallet Emerges as a Safe Bet for Investors As enthusiasm around altcoins increases, investors are also focusing on security and self-custody solutions. One project drawing significant attention is Best Wallet . The platform’s native token, $BEST , is at the center of a fast-growing ICO that has already raised more than $15 million in presales. Best Wallet sets itself apart through its “Upcoming Tokens” feature, which highlights promising projects before they hit public exchanges, giving users early investment opportunities. It also streamlines yield farming by aggregating leading staking pools, helping users maximize passive income. Available on both iOS and Android, the Best Wallet app supports more than 1,000 digital assets and employs Fireblocks’ MPC-CMP encryption to ensure strong security. With concerns about Ethereum’s scalability still circulating, Best Wallet is positioning itself as a compelling alternative for investors who want both safety and growth potential. Follow Best Wallet on X and Telegram . for the latest updates. Click Here to Participate in the Presale The post Latest ChatGPT 5 Predicts XRP, SOL and ETH Prices for End of 2025 appeared first on Cryptonews .
Tech billionaire Elon Musk and his firm will pay $500 million to former Twitter employees who were fired without severance after he took over the social media platform. Musk and his social media company, X Corp, reached a tentative agreement to settle the lawsuit , which was filed by 6,000 former Twitter workers who argued that they were owed severance pay. The tech billionaire bought Twitter, now rebranded to X, for $44 billion. Musk did not meet the end of the bargain for former Twitter employees Attorneys for X Corp and the former employees revealed the agreement in a Wednesday court filing, with both parties asking a US appeals court to delay an upcoming court hearing to enable them to finalize a deal that would see the fired employees getting paid, in a move that would also end the litigation. However, the financial terms of the deal were not revealed. Musk acquired the platform in 2022, which resulted in 6,000 employees – more than half of its total headcount getting laid off. Among the major sweeping changes that came along with the acquisition, Musk rebranded the platform to X. The proposed class action lawsuit was filed in California by Courtney McMillian, who previously oversaw employee benefits programs for Twitter staffers, and Ronald Cooper, who was an operations manager. The former employees’ lawsuit claimed that in a severance plan, most Twitter staffers would receive two months of their base salary and one week of pay for each full year they were at the job. However, the social media platform only offered at most one month of severance pay, and many laid-off employees did not receive any additional compensation, according to the lawsuit. McMillian and other senior employees were guaranteed six months of base pay, per suit. According to reports, the settlement was reached about a month before the suit was set to go before a federal appellate court. A California federal judge previously granted a motion to dismiss the lawsuit in July 2024, and the employees appealed to the San Francisco-based 9th US Court of Appeals. The company experienced a fair share of drama with Musk’s acquisition The $44 billion acquisition of Twitter by Musk came with its fair share of drama as the tech billionaire agreed to purchase the platform in April 2022, but later said he was going to back out of the deal. However, the social media platform had to sue Musk to force him to complete the deal. The tech billionaire eventually closed the deal in October of the same year. Apart from the name change, Musk implemented other sweeping changes, including the firings of employees, among them the then chief executive officer, Parag Agrawal, and other top executives. The matter also comes amid mounting legal challenges for Musk, who is also facing other lawsuits for misleading customers about his electric vehicle-making firm Tesla’s self-driving capabilities. California legislators and Miami jurors are challenging the tech billionaire over his EV cars in a class action lawsuit against the company, arguing he overpromised and underdelivered in terms of his company. Additionally, a federal judge also ordered him to face a lawsuit by voters who claim he misled them and exploited their support for a constitutional cause when they signed a petition during the US presidential election. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites