welcome
About us
Newsletter
News Widget
Media Inquiries

Summary

Trump Plans Crypto-Friendly Regulation

This is a news story, published by The Atlantic, that relates primarily to Peter Bergen news.

Peter Bergen news

For more Peter Bergen news, you can click here:

more Peter Bergen news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

The Atlantic news

For more news from The Atlantic, you can click here:

more news from The Atlantic

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

crypto market today

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest crypto markets news, crypto capital news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

global financial crisis
The Atlantic

The Atlantic

•

Business

Business & Economics

Trump has promised to pass crypto-friendly regulations, which could lead to a boom and bust

The Atlantic
Summary
Nutrition label

75% Informative

The incoming Trump administration has promised to pass crypto-friendly regulations.

This will bring an unheralded era of American prosperity, it argues.

But experts expect something different: A boom, maybe, with the price of bitcoin, ether, and other cryptocurrencies climbing.

The danger is that it will lead to an increase in leverage across the whole of the financial system, they say.

The Financial Innovation and Technology for the 21st Century Act, or FIT21, passed the House before dying in the Senate last year .

It amounts to an industry wish list. It makes the Commodity Futures Trading Commission , rather than the Securities and Exchange Commission , the regulator of most crypto assets and firms.

The CFTC has roughly one-fifth the budget of the SEC , and one-seventh the staff.

Billions of traditional-finance money is flowing into the crypto markets, and billions more will as regulators allow.

Peter Bergen : Even the sturdiest-seeming instruments are dangerous.

Bergen says the biggest risk with crypto has little to do with crypto at all.

VR Score

75

Informative language

70

Neutral language

59

Article tone

informal

Language

English

Language complexity

50

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

short-lived

External references

29

https://www.fdic.gov/news/fact-sheets/crypto-fact-sheet-7-28-22.htmlhttps://www.ft.com/content/488d7e8b-767f-4088-a259-fdff41c0398ahttps://www.blackrock.com/us/financial-professionals/investments/products/bitcoin-investinghttps://www.nber.org/system/files/working_papers/w30783/w30783.pdfhttps://www.agbi.com/finance/2024/12/eric-trump-tells-abu-dhabi-bitcoin-will-hit-1m/https://www.sec.gov/newsroom/press-releases/2021-125https://www.opensecrets.org/political-action-committees-pacs/fairshake-pac/C00835959/summary/2024https://www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-1a.pdfhttps://www.findlaw.com/consumer/securities-law/what-is-the-howey-test.html#:~:text=Under%20the%20Howey%20Test%2C%20a,a%20promoter%20or%20third%2Dpartyhttps://www.chainalysis.com/wp-content/uploads/2024/06/the-2024-crypto-crime-report-release.pdfhttps://www.wsj.com/finance/currencies/federal-investigators-probe-cryptocurrency-firm-tether-a13804e5https://www.coindesk.com/learn/the-fall-of-terra-a-timeline-of-the-meteoric-rise-and-crash-of-ust-and-lunahttps://home.treasury.gov/news/press-releases/jy0986https://www.reuters.com/technology/binance-worlds-top-crypto-exchange-center-us-investigations-2023-03-27/https://www.financialresearch.gov/briefs/2024/11/26/crypto-exposure-and-household-financial-conditions/https://drive.google.com/file/d/1LSxRpBKaouhu1FQVMtCwPEDRi-m_Tbpw/viewhttps://www.cftc.gov/PressRoom/PressReleases/8450-21https://www.binance.us/https://www.youtube.com/watch?v=IjR3Hj0aRW4https://www.youtube.com/watch?v=sT8cDUZI0Xshttps://cointelegraph.com/news/blackrock-larry-fink-calls-bitcoin-digital-goldhttps://www.youtube.com/watch?v=EiEIfBatnH8https://www.bloomberg.com/news/articles/2024-12-27/tokenization-has-become-wall-street-s-latest-favorite-crypto-buzzwordhttps://www.bloomberg.com/features/2024-trump-interview-transcript/https://www.wsj.com/articles/crash-of-terrausd-shakes-crypto-there-was-a-run-on-the-bank-11652371839https://www.fdu.edu/news/fdu-poll-finds-trumps-embrace-of-crypto-pays-off/https://www.investopedia.com/terms/h/howey-test.asphttps://www.investopedia.com/terms/1/51-attack.asphttps://www.mayerbrown.com/en/insights/publications/2024/06/house-passes-digital-asset-market-structure-legislation-financial-innovation-and-technology-for-the-21st-century-act-fit21

Source diversity

24

www.fdic.govwww.ft.comwww.blackrock.comwww.nber.orgwww.agbi.comwww.sec.govwww.opensecrets.orgwww.occ.govwww.findlaw.comwww.chainalysis.comwww.wsj.comwww.coindesk.comhome.treasury.govwww.reuters.comwww.financialresearch.govdrive.google.comwww.cftc.govwww.binance.uswww.youtube.comcointelegraph.comwww.bloomberg.comwww.fdu.eduwww.investopedia.comwww.mayerbrown.com

Affiliate links

no affiliate links

Read full article