U.S. Senator John Boozman (R-AR) speaks on the day Brian Quintenz, U.S. President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC) testifies before a Senate Agriculture, Nutrition and Forestry Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Annabelle Gordon | ReutersThe U.S. Senate Agriculture Committee voted along party lines Thursday to advance its version of a cryptocurrency market structure bill to create CFTC regulatory authority over digital commodities, a major development for digital asset regulation.The Digital Commodity Intermediaries Act advanced on a party line-vote with 12 Republicans voting “yes” and 11 Democrats…
Author: BProud
Digital asset infrastructure company Fireblocks said it has disrupted a North Korea-linked job recruitment impersonation scam that was targeting digital assets.Fireblocks said hackers used fake job interviews to compromise developers and gain access to crypto infrastructure.According to the firm, the hackers were able to closely resemble a legitimate Fireblocks hiring process and impersonate recruiters, conduct Google Meet interviews and share take-home assignments via GitHub.”What they’re basically doing is that they are weaponizing a legit interview … to create a very legit and authentic interaction with candidates,” Michael Shaulov, the CEO of Fireblocks, told CNBC.When candidates ran a routine installation, malware…
Sen. Kirsten Gillibrand, D-N.Y., is “very optimistic” the Senate Agriculture Committee’s updated legislation to regulate cryptocurrencies will advance, even though Republicans have yet to reach a deal with Democrats. “Senators have been working on a bipartisan basis for the last six months pretty intensely, and we have two different bills,” Gillibrand told CNBC in an exclusive interview. One piece of legislation is in the Agriculture Committee, which oversees the Commodity Futures Trading Commission and the second piece is at the Banking Committee, which oversees the Securities and Exchange Commission and banking issues, she said. “Because these types of digital assets have some characteristics of both commodities and securities, you need regulation under both those…
Senator Elizabeth Warren has written directly to Securities and Exchange Commission Chair Paul Atkins asking him to explain how the SEC plans to serve its mission of investor protection as it seeks to support President Trump’s order to make cryptocurrency investments available in retirement plans.President Trump signed an executive order in August clearing a path for alternative assets including cryptocurrencies like bitcoin and private equity funds to be offered more broadly across traditional retirement plans such as 401(k) plans.”For most Americans, their 401(k) represents a lifeline to retirement security rather than a playground for financial risk. Allowing crypto into American…
The American Federation of Teachers, the powerful labor union that represents 1.8 million members, is urging the Senate Banking Committee to reconsider its crypto market structure bill, the Responsible Financial Innovation Act, calling the proposed legislation “as irresponsible as it is reckless” in a letter exclusively obtained by CNBC. In the letter that AFT president Randi Weingarten sent to Senate Banking Committee Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-Mass.), she wrote the union opposes the bill based on the “profound risks to the pensions of working families and the overall stability of the economy.””The legislation on crypto…
Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | ReutersBitcoin dipped below $95,000 on Friday, pushing the world’s oldest cryptocurrency further into the red and continuing its four-day decline amid a broader artificial intelligence-linked stock pullback.The digital asset was last trading at $94,896.03, down 3.5% on the day. Bitcoin was in the red most of this week, although it reclaimed $107,000 at one point on Tuesday before rolling over.The largest crypto by market capitalization attracts many of the same investors that have poured funds into BigTech stocks, linking the two trades. Several of those stocks…
Ripple Labs has become one of the world’s largest cryptocurrency companies, but executives aren’t stopping there, CEO Brad Garlinghouse told CNBC. Over the past year, the firm has ramped up efforts to bridge the Web3 world and an industry that has long been viewed as its foil — traditional finance.In an interview with CNBC’s “Crypto World” at the Ripple Swell 2025 conference in New York, Garlinghouse said his firm aims to offer a wide range of traditional financial services built on blockchain infrastructure, capitalizing on growing institutional adoption of digital assets.A blockchain is a decentralized digital ledger that logs transactions…
It’s no secret that buying a home is expensive. The average sales price for U.S. homes has hovered around $400,000 since the end of 2021, according to the Federal Reserve Bank of St. Louis. Most homebuyers looking to cover that cost turn to mortgage lenders, who pore over financial details like salaries, bank balances and retirement accounts to determine how risky it is to lend the money.That review process has typically excluded crypto assets. But for the roughly 15% of Americans who invest in digital assets, that could soon change.In June, a directive issued by the Federal Housing Finance Agency ordered…
Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come, another so-called crypto winter (a prolonged bear market in cryptocurrencies) that the market wrestles with every time digital currencies sell off hard in a short period of time.But Bitwise chief investment officer Matt Hougan says that while the retail investor is in “max desperation” mode, he sees that as a reason to bet that a bottoming in crypto prices may materialize sooner rather than later. With Wall Street institutional investor and financial advisor support for bitcoin, and growth in crypto ETFs,…
Carlos Domingo, chief executive officer of Securitize Inc., speaks during the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. Photographer: Michael Nagle/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSecuritize, the “real world assets” platform that powers BlackRock’s tokenized money market fund, will go public through a merger with a special purpose acquisition company, CEO Carlos Domingo told CNBC in an exclusive interview.The fintech firm will merge with Cantor Equity Partners II, Inc., a blank-check company sponsored by an affiliate of Cantor Fitzgerald that trades under the CEPT ticker. The deal values Securitize’s business at $1.25…