nny3thson

@nny3thson

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Sipping coffee by the ocean. Warm mug, salty breeze, perfect morning calm.

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Claire McHenry, Nebraska Department of Banking and Finance (NDBF) deputy director and president of the North American Securities Administrators Association (NASAA), is set to present her testimony before the Securities and Exchange Commission (SEC) Investor Advisory Committee on March 6.

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A US state securities regulator is set to propose a strategy to protect Americans from a surge in digital asset fraud driven by increasingly sophisticated artificial intelligence tools.

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FTX initiated its first round of reimbursements on Feb. 18, 2025, with the next coming on May 30. Creditors eligible in the second round will need to verify their claims by April 11.

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The crypto payment firm said its decision aligned with its mission to provide customers with a more reliable, scalable and secure payment experience.”

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That’s why decentralized finance (DeFi) sounds so refreshing. It’s a chance to hit the reset button by making markets fair and open rather than tilted toward a privileged few. In a perfect world, DeFi’s transparency and inclusive structure could restore some faith in the power of voluntary exchange. But as this sector grows and regulators start paying serious attention, it remains a question whether DeFi can hold onto those founding values — or if it resembles the system it is set out to replace.

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Cointelegraph contacted the SEC for comment but did not receive an immediate response.

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The SEC is currently led by acting Chair Mark Uyeda, pending confirmation of Trump’s nominee, Paul Atkins.

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According to the report, White House press secretary Karoline Leavitt said, “As for concerns regarding conflicts of interest between Elon Musk and DOGE, President Trump has stated he will not allow conflicts, and Elon himself has committed to recusing himself from potential conflicts.”

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They were particularly concerned about the “Consolidated Audit Trail,” a massive trading tracking system that they called “the single largest treasure trove that he can pillage for his personal gain or vendetta,” Politico reported.

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Opposing Democrat lawmakers, including Maxine Waters, have expressed concerns about Musk potentially accessing sensitive SEC information.

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At the time, Musk described the agency as a “totally broken organization” before adding, “They spend their time on shit like this when there are so many actual crimes that go unpunished.”

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Stellar Foundation director Denelle Dixon said that the cryptocurrency industry had conceded that regulatory action in the US meant that they needed to look overseas to continue doing business.

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“If somebody does write a history of this era, it’ll be the era where Elizabeth Warren and Gary Gensler got together for some unknown reason and literally helped the Democrats lose the presidency, the House and the Senate,” he added.

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“I was there when President Trump gave the speech at the Bitcoin conference. It was clear if he won the election, things were going to change in the industry. And if you were on the side of the Democrats trying to support them, I was astonished at their reluctance to understand what was actually going on,” Scaramucci said.

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SkyBridge Capital founder Anthony Scaramucci said that the Democratic Party failed to have meaningful discourse and a clear stance on the future of the cryptocurrency industry.

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A significant portion of the session was spent unpacking the outcome of the US election and the impact of political donations and lobbying from the cryptocurrency sector.

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Armstrong emphasized Bitcoin’s advantages over traditional reserve assets and suggested central banks could acquire more BTC than gold over time:

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“Maybe it’s a new idea but I think it’s clear at this point that Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it’s more portable and divisible. I would say it has higher utility and it was the best-performing asset of the last 10 years,” Armstrong said.

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Armstrong responded by highlighting the core principles championed by Bitcoin proponents, authors and advocates in recent years.

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