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Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets began as a bipartisan issue but gravitated toward the Republican Party in the last election cycle due to the previous administration’s anti-crypto policies.
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Acting US Attorney Matthew Podolsky, however, slammed the OKX affiliate for “knowingly” violating Anti-Money Laundering laws and facilitating over $5 billion worth of suspicious transactions and criminal proceeds.
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Stark made this observation after the SEC requested a 28-day extension to answer Coinbase’s petition in its ongoing lawsuit against the exchange.
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In a Jan. 17 status report to a Washington, DC, federal court, History Associates said the FDIC “may have omitted additional pause letters entirely” and that it plans to update its lawsuit with new allegations.
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The firm claimed that “public whistleblower allegations have surfaced” that alleged the agency “systematically thwarts FOIA requests,” which it said resulted in the FDIC failing to hand over at least 150 documents related to its FOIA request.
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The 25 FDIC letters that were shared seemingly advised financial institutions to halt their crypto operations until the agency completed regulatory reviews as part of what the crypto industry believes was a concerted effort to cut off crypto-related firms from banking services dubbed “Operation Chokepoint 2.0.”
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https://warpcast.com/a95103581/0x4d241bba
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However, he alleges that FDIC limited “their search for pause letters to only those contained in the report — so other pause letters may exist.”
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https://warpcast.com/a95103581/0x8e4b7926
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Trump has promised to ease regulatory enforcement of the crypto industry, and the SEC last month set up a crypto task force to engage with the industry and has paused some of its crypto-related lawsuits.
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https://warpcast.com/rubyfil9117/0x09e8b250
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https://warpcast.com/rubyfil9117/0xcaac0fb8
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Last week, Ward and Jeremy McNutt responded to a January request from Judge Mark Pittman asking them and the SEC how Donald Trump’s administration and new leadership at the SEC could affect the case.
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The pair asked the court to hold the SEC’s case due to the twin case launched by prosecutors and to allow it to assess how Trump’s crypto-friendly policy moves would “impact the SEC’s authority, enforcement priorities, and position on this case.”
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The pair asked the court to hold the SEC’s case due to the twin case launched by prosecutors and to allow it to assess how Trump’s crypto-friendly policy moves would “impact the SEC’s authority, enforcement priorities, and position on this case.”
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Last week, Ward and Jeremy McNutt responded to a January request from Judge Mark Pittman asking them and the SEC how Donald Trump’s administration and new leadership at the SEC could affect the case.
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The US Federal Deposit Insurance Corporation has been accused of omitting more crypto-related “pause letters” it sent to banks in an ongoing Coinbase-backed Freedom of Information Act lawsuit.
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In turn, these developments could strengthen Bitcoin’s network security. As more use cases generate fees and revenues, miners will be incentivized to maintain and secure the network beyond the last Bitcoin mined by 2140. That can ensure the long-term security and sustainability of the Bitcoin network.
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Unlocking Bitcoin’s liquidity through DeFi will enhance its utility beyond serving as a mere store of value. As advanced infrastructure, new applications and favorable policies emerge, Bitcoin will transform from a passive asset into a productive one, offering yield opportunities and fostering a more dynamic and engaged ecosystem on top of the most established blockchain.
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After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.
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