Coinbase legal chief Paul Grewal said the SEC's regulation by enforcement approach to the crypto industry harms American consumers.
Oluwapelumi Adejumo 2 min read 
The proposed rules targetting digital assets are expected to generate nearly $10 billion in additional tax revenue by 2025.
Despite his recognition of crypto's growth, Trump strongly advocated for the continued dominance of the US dollar as the global reserve currency.
The bill recognizes the blockchain-related aspects of DAOs and has attracted praise from several members of the crypto industry.
Investment fraud involving crypto escalated from $2.57 billion in 2022 to $3.94 billion in 2023, according to the FBI.
Bitcoin set a new all-time high for the second time this week after US unemployment data increased expectations of rate cuts in the coming months.
Coinbase navigates regulatory challenges as market share and stock price soar.
MicroStrategy's MSTR shares is up by around 3% at pre-market trading following the updated offering.
The failed lender will recieve $250 million immediately after FTX's bankruptcy plan is confirmed and goes effective.
