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The US Commodity Futures Trading Commission (CFTC) is facing a leadership vacuum after the Trump administration withdrew its nomination for Brian Quintenz after opposition from Gemini co-founders Cameron and Tyler Winklevoss. The leadership vaccuum is compounded by a government shutdown after Congress failed to pass a budget and the fact Acting Chair Caroline Pham has also signaled plans to leave. Comissioner Kristin Johnson’s Sept. 3 departure left Pham as the CFTC’s sole commissioner. That leaves the CFTC without a confirmed leadership just as it begins coordinating with the Securities and Exchange Commission (SEC) on digital asset regulation and prepares for potential expanded authority under the pending CLARITY Act. It’s a new day. Onwards 🇺🇸🫡 #ProjectCrypto @SECPaulSAtkins @SECGov @CFTC @A1Policy pic.twitter.com/kChRm036Mg — Caroline D. Pham (@CarolineDPham) July 31, 2025 Pro-Crypto Quintenz Faced Pushback From Gemini’s C...

The US Securities and Exchange Commission (SEC) has approved new listing standards for exchange-traded products (ETPs) holding spot commodities, including cryptos, which will streamline the process and remove the need for the agency to review applications on a one-by-on-basis. The decision will enable exchanges such as Nasdaq, NYSE Arca, and Cboe BZX, to proceed with listings of proposed ETFs (exchange-traded funds) by sidestepping the 19(b) rule filing process, which is often lengthy, can take up to 240 days, and requires the SEC to approve or disapprove applications. BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under '33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS — Eric Balchunas (@EricBalchunas) September 17, 2025 The decision will essentially make the process more streamlined, because ETF issuers...

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China is mulling the release of yuan-backed stablecoins to boost the global use of its currency, according to a report from Reuters. Citing unnamed sources “familiar with the matter,” Reuters says China is in the middle of a major pivot in its stance on digital assets. The sources – who asked not to be named because they’re not supposed to be talking to the media – say that China’s State Council will review and then potentially approve a roadmap later this month for launching the new product and working to catch up with the US on stablecoins. Details of the plan are expected to be publicly revealed in the coming weeks. The country’s regulators and its central bank, the People’s Bank of China (PBOC), are being assigned implementation duties, according to the sources. The global stablecoin market, which is almost entirely dominated by US dollar-pegged products, is at $281 billion. Some industry insiders have speculated that in th...

Donald Trump is preparing to sign a sweeping executive order to investigate banks and regulators accused of debanking crypto businesses — the practice of denying financial services on a discriminatory basis. That’s a ccording to an Aug. 4 report by the Wall Street Journal, which said regulators in the banking industry will be instructed to investigate whether any financial institutions violated antitrust, consumer financial protection or fair lending practice laws under the Biden administration.  The order also calls on banks to eliminate any internal policies that may have led to the closure of accounts tied to political beliefs or crypto activity, including those affecting conservative organizations. Institutions found to be in violation could face fines or legal action, and serious cases will be referred to the Department of Justice. No banks were named, but the WSJ story said the order has reportedly criticized the role of firms that are said to have helped fede...