The White House withdrew former Commodity Futures Trading Commissioner Brian Quintenz’s nomination to run the agency late Tuesday, capping off a month-long fight over U.S. President Donald Trump’s pick for agency chair. Trump tapped Quintenz shortly after retaking office. Quintenz joined venture firm Andresseen Horowitz’s global head of policy, and has been an adviser to […]

The bounce in crypto markets mostly stalled on Tuesday with the U.S. government on track to shut down at midnight Eastern time. Bitcoin (BTC) — after earlier having slid about 2% from overnight highs near $115,000 – managed a late afternoon rally to $114,300, up marginally from 24 hours ago. Ether (ETH) traded just above […]

U.S. bank Citizens began coverage of Circle Internet (CRCL) with a market perform rating, noting that while the company is poised to capitalize on stablecoin growth, its valuation already captures much of the upside. Circle, issuer of the second-largest stablecoin, the dollar-pegged USDC, and euro-pegged EURC, has built a broad infrastructure suite, including a payments […]

Societe Generale’s digital asset subsidiary, SG-FORGE, has taken its euro and dollar stablecoins into decentralized finance (DeFi), opening them up to borrowing, lending and spot trading, according to a press release on Tuesday. The move places the bank’s EUR CoinVertible (EURCV) and USD CoinVertible (USDCV) on Ethereum-based protocols Morpho and Uniswap, extending SG-FORGE’s effort to […]

SINGAPORE — SEC Commissioner Hester Peirce said Tuesday that the regulator is open to engaging with industry participants on tokenizing products, while emphasising the complexity of how these tokenized assets interact with their traditional counterparts. “We are willing to work with people who want to tokenize, we urge them to come talk to us,” Peirce […]