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“Michael’s deep understanding of both companies’ operations, coupled with his strategic approach to legal and regulatory challenges, has been critical to advancing both Tether and Bitfinex’s mission,” wrote the firm in the statement.
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“M&A has been prevented by the FTC. That is going to change,” she said when speaking on Bloomberg Television. Adding that, “deregulation [is] critically important.”
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Wood projected that a wave of startup M&As will follow Trump’s election victory, predicting a rollback of regulatory barriers hindering private-company buyouts.
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With high expectations for the upcoming Trump administration, Wood foresees a dual impact resulting in a boom for M&A among tech startups and a potential parabolic price movement driven by reduced regulatory friction.
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Byte Federal said it has no evidence that any of its customers’ personal information was actually compromised or misused in any manner. It added:
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The potentially exposed data included names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, social security numbers, transaction activity and photographs of users.
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Following the approval of the Bitcoin ETFs in January, CNN cautioned investors to think twice before buying Bitcoin ETFs, sharing commentary from investment advisers who suggested steering clear of the products or allocating 3% to their portfolios at the very most.
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Prasad further claimed Bitcoin might “exacerbate inequality” rather than democratize finance as sophisticated, financially literate investors would reap benefits early on while the less well-off take on risks they don’t fully comprehend.
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Bitcoin has become too “cumbersome, slow, and expensive to use,” Cornell University Professor Eswar Prasad said in an opinion piece titled “The Brutal Truth About Bitcoin” in June 2021.
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MSM started pointing to network congestion and high fees once Bitcoin’s user base and transaction count soared in 2020 and 2021.
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Bitcoin’s hashrate has since soared to nearly 800 EH/s, of which approximately 54.5% is sourced from renewable energy.
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“It could catapult the planet to dangerous levels of warming if it continues its rapid growth,” The Washington Post said from the research.
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The Washington Post referred to Bitcoin as an “energy glutton” — something that uses excessive or greedy indulgence — in an October 2018 report, which cited data suggesting that Bitcoin’s greenhouse gas emissions were already comparable to those of a midsize country.
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MSM then turned to criticize Bitcoin for its high energy consumption as the network’s hashrate increased to over 50 exahashes per second (EH/s) in September 2018.
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Central banks are tasked with controlling the money supply and interest rates while preventing runaway inflation to spur economic growth, but Bitcoin aims to take these roles away and give it to an algorithm instead, Williams said.
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Williams praised Bitcoin as a technological invention but feared it would undermine central banks as it showed people that “currency could be nationless.”
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Atkins becoming SEC chair after Gary Gensler resigns in January 2025 would have implications for US crypto regulations that could promote its innovation — rather than hinder it.
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Atkins’ potential appointment comes amid speculation that Trump’s administration may shift cryptocurrency regulatory oversight from the SEC to the Commodity Futures Trading Commission (CFTC), signaling a major policy change that could significantly impact the crypto industry.
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Atkins is known for his pro-innovation stance and crypto expertise and is claimed to be capable of “returning the agency to the so-called ‘gold standard,’” according to an X post by financial reporter Eleanor Terrett.
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Former SEC Commissioner Paul Atkins has emerged as the leading candidate to chair the agency under President-elect Donald Trump’s new administration.
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