Trump nominates pro-crypto leader: Donald Trump has nominated Paul Atkins to succeed Gary Gensler as SEC chair, fulfilling a campaign promise to cryptocurrency enthusiasts. Atkins, the CEO of Patomak Global Partners and a former SEC commissioner, is known for his favorable stance towards digital currencies, potentially signaling a regulatory shift.
SEC action against binance: The SEC is escalating its lawsuit against Binance, accusing it of operating without registering as a securities exchange. The legal battle focuses on the sale of 10 cryptocurrencies, highlighting the regulatory challenges faced by digital currency platforms globally. Australia’s recent regulations underscore the Movement towards stricter compliance.