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@vanguom

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President-elect Donald Trump on Thursday night named venture capitalist and ex-PayPal COO David Sacks as his administration’s “AI and crypto czar.” “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in a Truth Social post. “David will focus on making America the clear global leader in both areas.”

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However, in order for the UK to emerge as a “crypto hub”, it must get the fundamentals right, including the need for robust financial infrastructure, international connectivity, a stable economic and political environment, and a strong regulatory framework.

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Quigley shared his views on the impact of these developments, “The Trump executive order has created and get an omnibus crypto regulatory framework in the United States. And if that happens, I see all the other major countries in the world moving in a similar direction.”

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After briefly breaking below its 200-day exponential moving average (EMA), XRP has now climbed back above this key threshold meaning that the price is still on an uptrend despite its latest weakness. Compared to other tokens, the price has been on a mild downtrend. As market sentiment improves, it rises to $2.6 first to tag its nearest resistance.

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Trillion-Dollar Giant Fidelity Triggers Bitcoin Price Prediction Surge – $200,000 Incoming?

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The crypto industry awaits the Working Group’s report, due within 180 days, anticipating targeted legislative proposals that could redefine the regulatory environment and enhance market stability. Quigley Discusses Bank Reluctance The U.S. banking sector remains cautious about cryptocurrency due to unclear regulatory guidance and the potential for severe penalties.

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One major step in that direction was our partnership with FiGPiN at New York Comic Con (NYCC) in 2024. We released limited-edition pins: VeVe Logo Pins and KFC Pins that paired physical items with redeemable digital collectibles.

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Establishing the Digital Asset Working Group President Trump’s executive order led to the creation of the President’s Working Group on Digital Asset Markets within the National Economic Council. This group is responsible for reviewing existing regulations and proposing clearer guidelines for the digital asset sector.

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Zhou, a fugitive wanted for kidnapping in Cambodia, is also suspected of facilitating the money transfers for the scam operation, according to further reports by local media. Authorities plan to charge Wu in Thailand before transferring her case to Chinese authorities for further prosecution.

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How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term

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U.S. crypto regulations could see major changes under Trump. Tether & WAX co-founder William Quigley explains what new policies mean for digital assets, banking, and regulatory oversight.

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