GameStop boosts its convertible note offering to $2.25 billion, fueling its Bitcoin treasury strategy and raising speculation about future crypto investments.
The post Gary Gensler’s Crypto Crackdown Ends: Trump’s SEC Scraps 14 Rules appeared first on Coinpedia Fintech News Donald Trump’s return to power is already sending shockwaves through the crypto industry — but this time, in a good way. After promising pro-crypto reforms during his campaign, Trump has now followed through. His administration has officially rolled back at least 14 controversial crypto rules introduced under former SEC Chair Gary Gensler — signaling what many believe is the start of a new deregulatory era for crypto in the U.S. US SEC Under Paul Atkins Withdraws 14 Gensler-Era Crypto Rules In a major move aligning with President Trump’s pro-crypto and deregulatory agenda, the U.S. Securities and Exchange Commission (SEC), now led by crypto-friendly Chair Paul S. Atkins , has withdrawn multiple rules that were considered harmful to digital asset innovation. Most of these policies, introduced between March 2022 and November 2023 during Gensler’s tenure, were seen as overreaching and restrictive. Why These Withdrawals Matter The previous Biden administration maintained a conservative and skeptical stance toward crypto. Gensler’s SEC took an aggressive regulatory approach that many in the industry labeled as hostile — targeting DeFi platforms, custodians, crypto derivatives, and more. Trump vowed to dismantle these roadblocks. Now, he’s making good on that promise. Top Gensler-Era Rules Now Scrapped Here are the key rules that have been rolled back , bringing relief to the crypto industry: Rule 3b-16 — DeFi in the Crosshairs Would have expanded the definition of “exchange” to include DeFi protocols and platforms facilitating communication between buyers and sellers. Its withdrawal is seen as a win for decentralized finance. Qualified Custodian Rule Would have restricted crypto custody to traditional financial institutions like banks or broker-dealers. This would’ve effectively excluded most crypto-native exchanges and wallet providers. Cybersecurity & Risk Management Rules Aimed at investment advisers and funds, including those handling crypto. Would have imposed stricter cybersecurity frameworks and regular incident disclosures. Large Swap Position Reporting Required firms dealing in crypto-related swaps to report detailed position data. Many crypto funds saw this as onerous and unnecessary. ESG Reporting Mandate Would have forced public companies to disclose extensive Environmental, Social, and Governance (ESG) metrics. Critics argued it added non-crypto-related burdens that hinder innovation. Coinbase and Industry Leaders Celebrate Crypto leaders quickly voiced support. Coinbase Chief Legal Officer Paul Grewal cheered the move on X, posting: “Down goes 3b-16, qualified custodian, and all the other unfinished Gensler rule proposals.” The sentiment is shared across the crypto industry, as many view this as a turning point for regulatory clarity in the U.S. What’s Next for US Crypto Regulation? Although these Gensler-era rules are now off the table, the SEC under Atkins may propose new, industry-friendly regulations in the future — but only after open consultation with stakeholders. For now, the message is clear: Crypto has a seat at the table under Trump’s administration, and unnecessary barriers are being dismantled. Bottom Line: With Gensler’s policies getting tossed and pro-crypto voices leading the charge, this moment could mark the true beginning of America’s crypto renaissance.
Bitcoin (BTC) is experiencing intensified selling pressure amid rising spot outflows, driven by escalating geopolitical tensions in the Middle East. Technical indicators such as the Relative Strength Index (RSI) and
Coinbase is set to launch the Coinbase One Card this fall, offering up to 4% back in Bitcoin on every purchase. Developed in partnership with American Express, the Coinbase One Card is designed to reward users in Bitcoin ( BTC ), starting at 2% and increasing based on the amount of assets held on the platform. The card will available exclusively to Coinbase One members in the United States (excl. U.S. Territories). In addition to earning Bitcoin on everyday spending, Coinbase One members will benefit from features such as fiat spending, integrated crypto access, and a mobile app that supports both Android and iOS. Coinbase is also rolling out a new Basic tier of its membership program at $4.99 per month or $49.99 per year, giving users access to the card, zero trading fees on the first $500/month in trades, up to 4.5% APY on USD Coin ( USDC ) holdings, and $10/month in sponsored smart wallet gas on Base. You might also like: What are the hottest crypto payment cards this cycle, and how to get them? The move adds to a growing trend in the crypto industry, where crypto exchanges are developing branded payment cards that allow users to spend fiat. Earlier this year, Kraken announced that it will launch Mastercard-powered physical and digital debit cards for users in the U.K. and Europe, enabling crypto payments at over 150 million merchants through its Kraken Pay platform. OKX exchange has also recently partnered with Mastercard to launch the OKX Card, a debit card enabling users to spend stablecoins and other crypto via the Mastercard network. These new launches further broaden the range of crypto cards already available from major exchanges. Crypto.com provides the widely used Crypto.com Visa Card accessible across multiple regions including the U.S., Canada, Europe, Australia, Singapore, and Latin America . Bybit offers a rewards crypto card to select users, featuring up to 10% cashback on everyday purchases. MEXC also offers a prepaid Mastercard that enables users in select European countries to spend their digital assets worldwide. You might also like: Pudgy Penguins partners with Lufthansa Miles program to expand PENGU utility
As debates over crypto regulation persist in the West, Asian nations are quietly transforming XRP from a speculative asset into an embedded financial infrastructure. X Finance Bull (@Xfinancebull), a crypto pundit on X, recently drew the community’s attention to this trend, highlighting XRP’s rapid growth in the East while Western nations, such as the U.S., fall behind. A Massive XRP Reserve in China In China, Webus is initiating a $300 million fund to build an XRP reserve for ride-payment and Web3 loyalty services. Notably, this initiative is corporate-led rather than government-backed, indicating strong private sector conviction in XRP’s role in the Web3 economy. This reserve aims to support scalable micropayments and loyalty systems built on blockchain rails, signaling a strategic alignment with tokenized real-world use cases. $XRP is quietly taking over Asia China building a $300M XRP reserve Dubai tokenizing real estate on XRP Ledger 61 banks in Japan adopting XRP by 2025 While the West debates, the East is building If #XRP isn’t in your top bags by now… what are you even holding? pic.twitter.com/SM345zZw7z — X Finance Bull (@Xfinancebull) June 12, 2025 UAE Advances Real Estate Tokenization on the XRPL Meanwhile, the UAE is advancing digital real estate transformation through XRP. The Dubai Land Department is piloting a tokenization program using the XRP Ledger , enabling fractional property ownership starting from AED 2,000 (approximately $545). This approach lowers entry barriers for investors and enhances property liquidity. Ripple is also the first blockchain-based payment company authorized by the Dubai Financial Services Authority (DFSA). This approval broadens the market for XRP and RLUSD and adds a layer of regulatory credibility. X Finance Bull’s post shared a prediction from analysts that the increasing adoption in the UAE could lead to a 21.5% increase for the asset by 2026. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Japan Moves Toward Full-Scale XRP Adoption Japan’s case illustrates perhaps the most direct institutional application of XRP. Through SBI Ripple Asia, a 61-bank consortium representing 80% of the country’s banking sector has been trialing XRP-based payment solutions, such as MoneyTap, since 2016. The post shared a quote attributed to SBI’s CEO, predicting that all banks in Japan will adopt XRP this year. This level of adoption suggests that XRP is more than just a digital asset, but is becoming a foundational component of Japan’s domestic and cross-border payment systems. From Crypto Assets to Financial Infrastructure This broad-based alignment is not just about technology; it’s about positioning. As one observer stated , “XRP isn’t a crypto bet in the East. It’s infrastructure.” Real estate is moving on-chain, and adoption in Asia is rising faster than many market participants anticipated. In contrast, Western jurisdictions grapple with legal definitions and regulatory clarity. Donald Trump has promised to make the U.S. the crypto capital of the world. However, if it does not overhaul or significantly speed up its regulatory framework, it may lose the crypto race. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Is Quietly Taking Over Asia appeared first on Times Tabloid .
According to the latest data from Coinglass, Binance experienced the most significant liquidation event within the last 24 hours, with a massive $201 million liquidated on the BTCUSDT trading pair.
The Polkadot community is considering building a strategic Bitcoin reserve. A forum proposal suggests using 501,000 DOT to…
While US President Donald Trump and his administration have come to the fore with their support for Bitcoin (BTC) and cryptocurrencies, there has also been a softening in important institutions such as the SEC. While the CFTC is expected to be among these institutions, interim CFTC Chair Caroline Pham made important statements. Pham said the agency will maintain tight control over the cryptocurrency industry despite the Trump administration's support. CFTC interim chairman Pham emphasized that the Trump administration’s cryptocurrency policy does not mean unconditional regulatory ease. Speaking at the Coinbase Summit, Caroline Pham said the agency will not ease its oversight of cryptocurrencies amid the Trump administration’s promise to support the industry. “There is no easy path for anyone and it is not easy for regulators either. Just because we are for innovation and growth doesn't mean you can break the law with impunity. And I'm not talking about twisting the law to criminalize an asset class or technology, I'm talking about lying, cheating and stealing.” Stating that fraud and theft will not be tolerated in the crypto industry at this point, Pham stated that the CFTC has ended its “regulation through enforcement” approach and shifted its focus to fraud and scams. Caroline Pham also recently criticized previous crypto policies under the Joe Biden administration. “Biden’s past laws and regulations have not only harmed cryptocurrencies but also the current derivatives market,” Pham said. *This is not investment advice. Continue Reading: CFTC Interim Chair Caroline Pham Makes Critical Statements About Cryptocurrencies! "Trump's Support Won't Make It Easier!"
Crypto market volatility rises in reaction to Israel’s attack on Iran, but the technical setup suggesting that the uptrend still remains intact.
Strategy founder suddenly emerges on X with a special Bitcoin tweet