danalos3ac

@danalos3ac

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It comes as regulators in the country have flagged plans to shift focus toward the crypto industry.

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ASIC Chair Joe Longo said the regulator “continues to prioritize scam prevention and detection activity” and will take action where required.

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In February, Trump signed another order instructing the US government to create a sovereign wealth fund, which could potentially serve as a vehicle for buying BTC.

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Trump’s intention to pick Quintenz as the next head of the CFTC was first revealed in a Feb. 12 Bloomberg report, with Quintenz subsequently confirming his nomination on X.

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It’s a fresh take on capitalism designed to erase monopolistic power, distribute financial control, and bring back honest competition. That’s precisely what decentralized finance promises: a shot at restoring the spirit of true market fairness.

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Notably, the order specifically excludes the US Federal Reserve and the Federal Deposit Insurance Corporation.

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The working group will consist of the US Treasury secretary, attorney general, SEC chair, Commodity Futures Trading Commission (CFTC) chair, members of Trump’s cabinet and other agency heads.

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On Jan. 23, Trump established an “internal working group to make America the world capital in crypto” through an executive order. The group is tasked with studying the feasibility of a national crypto reserve and making a crypto regulatory framework. It also bans the creation of a central bank digital currency.

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In commuting Ulbricht’s life sentence, which he had been serving since 2015, Trump fulfilled a campaign promise to free him immediately upon entering office.

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On Jan. 22, Trump pardoned Silk Road founder Ross Ulbricht, who had already served almost a decade in federal prison. The presidential commendation came after years of campaigning from prison reform advocates, libertarian groups and cryptocurrency industry insiders.

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Musk panned the project, claiming that the backers didn’t have the money, and US AI effectiveness was called into question with the launch of DeepSeek. Still, as of Feb. 13, the project was well underway.

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Also on Jan. 21, Trump announced “Stargate,” a $500-billion investment initiative led by private firms to stimulate the US AI industry. Trump said that initial funders included OpenAI, SoftBank and Oracle, claiming the project would create “over 100,000 American jobs.”

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Trump’s WLF is “particularly troubling” because its largest investor — Tron founder Justin Sun — is a foreign entrepreneur whom the Securities and Exchange Commission has charged with securities fraud, Connolly said.

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Trump may already be cashing in profits from his World Liberty Financial (WLF) platform and the Official Trump (TRUMP) memecoin, potentially breaching ethical standards and creating national security risks, Representative Gerald Connolly of Virginia said in a Jan. 21 letter to the committee’s Republican chair, James Comer.

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A Democrat lawmaker called on the US House Committee on Oversight and Government Reform to investigate whether President Donald Trump’s crypto ventures conflict with his presidential duties.

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There are 37,155 crypto ATMs currently operating across 65 countries — though nearly 30,000 of those are based in the US, Coin ATM Radar data shows.

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Some crypto ATMs already report suspicious transactions of over $2,000 and transactions of over $10,000 to US authorities.

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Crypto ATMs typically charge a fee between 8% and 20% to cover expenses involved with the hardware and maintenance, armored car services and rent payments to local businesses hosting the machines, Lolli told lawmakers.

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Crypto ATM operator CoinFlip’s assistant general counsel, Kevin Lolli, said at the hearing that the company supported the consumer protection side of the bill but opposed the fee and transaction limits.

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