Connect with us

Published

on

SEC task force met with Trump-supporting firms to discuss crypto regulation

The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes.

In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell to discuss “issuing and selling wrapped, tokenized versions of publicly traded US securities.” Ondo Finance donated $1 million to Donald Trump’s inauguration fund, and the law firm announced on April 22 that it would represent the US President’s social media company, Truth Social, to launch crypto-linked exchange-traded funds.

According to the meeting request, Ondo Finance planned to discuss registration requirements for tokenized securities, compliance with financial laws, and potentially launching a regulatory sandbox. Cointelegraph reached out to the firm for comment but did not receive a response at the time of publication.

The April 24 meeting was the latest in the SEC crypto task force’s outreach to the industry following the departure of former chair Gary Gensler. Former commissioner and Trump appointee Paul Atkins took over leadership at the agency on April 21 after his swearing-in ceremony, but has yet to take action on his proposed crypto agenda.

Related: Chiliz meets with SEC Crypto Task Force amid US market reentry plans

Continuing outreach to industry under new SEC chair

On April 25, the crypto task force will host a roundtable event to discuss custody, including representatives from Kraken, Anchorage Digital Bank, WisdomTree, and others. Following the approval of crypto exchange-traded funds in 2024, many financial institutions have seen demand for digital asset custody in the US grow significantly.

It’s unclear what the SEC’s intentions may be regarding pursuing crypto enforcement cases under Atkins. The commission has stated it will continue cases involving fraudulent activity, but dropped a complaint against Hex founder Richard Heart on April 21.

The agency has already announced it will stop investigations or lawsuits against many firms, including Ripple, Coinbase, and Kraken. All three exchanges donated or had executives who supported Trump’s 2024 campaign or inauguration fund.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Continue Reading

Politics

Japan’s finance minister endorses crypto as portfolio diversifier

Published

on

By

Japan’s finance minister endorses crypto as portfolio diversifier

Japan’s finance minister endorses crypto as portfolio diversifier

Japan’s Finance Minister Katsunobu Kato said crypto deserves a spot in portfolios, while pledging to build a sound trading environment for the sector.

Continue Reading

Politics

Grayscale seeks SEC approval for Spot Avalanche ETF under AVAX ticker

Published

on

By

Grayscale seeks SEC approval for Spot Avalanche ETF under AVAX ticker

Grayscale seeks SEC approval for Spot Avalanche ETF under AVAX ticker

The Avalanche ETF filing marks another step in Grayscale’s expanding suite of crypto investment products, following XRP and DOGE filings earlier this year.

Continue Reading

Politics

Starmer facing mounting pressure over immigration as MP says far right ’emboldened’

Published

on

By

Far right 'emboldened' says MP as Starmer faces mounting pressure over immigration

Sir Keir Starmer faces mounting pressure over the small boats crisis after protests outside asylum hotels continued over the bank holiday weekend.

A poll suggested that voters believe the prime minister is failing to grip the problem, despite his government setting out measures to speed up removals.

It comes as Green Party co-leader Carla Denyer warned that “the far right feels emboldened and validated” by other political parties.

So far this year a record 28,076 people have made the perilous journey across the English Channel in small boats, 46% more than in the same period in 2024.

Like many other European countries, immigration has increasingly become a flashpoint in recent years as the UK deals with an influx of people fleeing war-torn and poorer countries seeking a better life.

Please use Chrome browser for a more accessible video player

Asylum hotel protests swell in Norwich

Official figures released earlier this month showed a total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

There were 32,059 asylum seekers in UK hotels by the end of the same month.

Protests and counterprotests at sites housing asylum seekers continued over the weekend and the government is braced for further legal fights over the use of hotels.

Police separate protesters in Liverpool
Image:
Police separate protesters in Liverpool

Read more:
Fast-track asylum appeals process to be introduced

A YouGov poll for The Times found that 71% per cent of voters believe Sir Keir is handling the asylum hotel issue badly, including 56% of Labour supporters.

The survey of 2,153 people carried out on August 20-21 found 37% of voters viewed immigration and asylum as the most important issue facing the country, ahead of 25% who said the economy and 7% who said the health service.

Ms Denyer, who is MP for Bristol Central, condemned threats of violence in the charged atmosphere around immigration.

“The far right feels emboldened and validated by other political parties dancing to their tune.

“The abuse I’ve been sent has got noticeably worse in the last few months, escalating in some cases to violent threats, which are reported to the police.

“It doesn’t matter how much you disagree with someone, threats of violence are never, ever OK. And they won’t silence me.”

Please use Chrome browser for a more accessible video player

Asylum hotels: Is the government caught in a trap?

Is it time for gunboats to help stop the people smugglers?


Jon Craig - Chief political correspondent

Jon Craig

Chief political correspondent

@joncraig

Curbing the power of judges in asylum cases to tackle the migrant hotel crisis is a typical Keir Starmer response to a problem.

The former director of public prosecutions would appear to see overhauling court procedures and the legal process as the answer to any tricky situation.

Yes, the proposed fast-track asylum appeals process is fine as far as it goes. But for a government confronted with a massive migrant crisis, opponents claim it’s mere tinkering.

And welcome and worthy as it is, it isn’t going to “smash the gangs”, stop the boats or act as a powerful deterrent to the people smugglers plying their trade in the Channel.

Read more

Continue Reading

Trending