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🚨 REPRESENTATIVE OF BETTING CONTRACTS 🚨
🇺🇲Representative Ritchie Torres Offers to Help #CFTC in Regulating Election Betting Contracts in the United States
The #CryptoFriendly democrat argued that instead of outright bans, US #regulators should focus on regulating these contracts to prevent bad actors from gaining #MarketShare .
🇺🇲Representative Ritchie Torres Offers to Help #CFTC in Regulating Election Betting Contracts in the United States
The #CryptoFriendly democrat argued that instead of outright bans, US #regulators should focus on regulating these contracts to prevent bad actors from gaining #MarketShare .
🚨EXCLUSIVE🔥
🇺🇸 Bank of America #CEO says US banking industry will embrace cryptocurrencies for #Payments if #Regulators allow it💪
#BankOfAmerica #Banking
🇺🇸 Bank of America #CEO says US banking industry will embrace cryptocurrencies for #Payments if #Regulators allow it💪
#BankOfAmerica #Banking
Regulators Can’t Keep Up? Coinbase CEO Urges Crypto Approval Overhaul
Approximately one million new tokens are created weekly according to Coinbase CEO Brian Armstrong.
As the digital asset explosion unfolds, Armstrong is sounding the alarm on outdated listing processes and hurdles in crypto regulation.
On January 26, Armstrong took to X (formerly Twitter) to propose a more efficient method for listing cryptocurrencies on exchanges like Coinbase. His message?
The current approval system isn’t cutting it anymore.
Too Many Tokens, Too Little Time
Armstrong said,
“Evaluating each one by one is no longer feasible.”
With 1 million new tokens entering the market every week, crypto exchanges face an increasingly overwhelming challenge in evaluating and listing them all.
The sheer volume has created a “high-quality problem” but also one that can no longer be addressed with the current, labor-intensive process.
According to Armstrong, for exchanges like Coinbase, the traditional “allow list” system—where tokens are manually reviewed and approved—is quickly becoming outdated.
Armstrong’s call for a rethink on how tokens are listed highlights the logistical difficulties of keeping pace with the rapid growth of the market.
But it’s not just the exchanges that are struggling. Regulators are feeling the pressure too.
Armstrong noted that regulators are not equipped to approve each new token individually, especially with 1 million tokens being created every week.
He recommends a shift from the “allow list” to a more efficient “block list” system. This approach would focus on blocking problematic tokens while allowing others to enter the market freely.
Armstrong wrote,
“Regulators need to understand that applying for approval for each one is totally infeasible at this point.”
The current method, he argued, isn’t scalable. Instead, he argues that regulators could use data-driven tools—like customer reviews and on-chain scanning—to assess tokens more
#CoinbaseCEO #coinbase #Regulators #CryptoMarket #CryptoNews
Approximately one million new tokens are created weekly according to Coinbase CEO Brian Armstrong.
As the digital asset explosion unfolds, Armstrong is sounding the alarm on outdated listing processes and hurdles in crypto regulation.
On January 26, Armstrong took to X (formerly Twitter) to propose a more efficient method for listing cryptocurrencies on exchanges like Coinbase. His message?
The current approval system isn’t cutting it anymore.
Too Many Tokens, Too Little Time
Armstrong said,
“Evaluating each one by one is no longer feasible.”
With 1 million new tokens entering the market every week, crypto exchanges face an increasingly overwhelming challenge in evaluating and listing them all.
The sheer volume has created a “high-quality problem” but also one that can no longer be addressed with the current, labor-intensive process.
According to Armstrong, for exchanges like Coinbase, the traditional “allow list” system—where tokens are manually reviewed and approved—is quickly becoming outdated.
Armstrong’s call for a rethink on how tokens are listed highlights the logistical difficulties of keeping pace with the rapid growth of the market.
But it’s not just the exchanges that are struggling. Regulators are feeling the pressure too.
Armstrong noted that regulators are not equipped to approve each new token individually, especially with 1 million tokens being created every week.
He recommends a shift from the “allow list” to a more efficient “block list” system. This approach would focus on blocking problematic tokens while allowing others to enter the market freely.
Armstrong wrote,
“Regulators need to understand that applying for approval for each one is totally infeasible at this point.”
The current method, he argued, isn’t scalable. Instead, he argues that regulators could use data-driven tools—like customer reviews and on-chain scanning—to assess tokens more
#CoinbaseCEO #coinbase #Regulators #CryptoMarket #CryptoNews
📉 Trump DIDN'T Repeal Biden’s CRYPTO Order!!!
On his first day back in the White House, President Donald Trump trashed 78 of Joe Biden’s executive orders, but strangely left Executive Order 14067 untouched. That’s the order known for tightening the screws on crypto by fueling “Operation Choke Point 2.0.” Basically, critics say it gave U.S. regulators the green light to restrict crypto firms’ access to banks—leading to shutdowns like Silvergate Bank and Signature Bank.
Crypto watchers are scratching their heads. Trump once slammed “Choke Point 2.0” at the 2024 Bitcoin conference, promising to junk it as soon as he got back in office. Yet, he didn’t. Some folks, like analyst Adam Cochran, are outraged that the president never mentioned the order while campaigning or on day one. They fear the SEC, FDIC, and other agencies still have too much power to clamp down on crypto under the current rules.
Regulators say they’re just safeguarding the banking system. But many in the crypto world see a targeted crackdown—especially after banks friendly to digital assets mysteriously disappeared or faced serious regulatory heat. So for now, America’s crypto players are left wondering: Will Trump actually keep his anti-“Choke Point 2.0” promise? Or is he backing off in favor of other agendas? Until the president acts, the digital asset industry might stay stuck in legal limbo—right where it’s been since Biden signed 14067. At least he kept his promise and pardoned Ulbricht (Silk Road founder), so we see that he didn't forget about crypto altogether.
Let's see how this evolves - follow @Professor Mende - Bonuz Ecosystem Founder and I'll keep you updated! #DonaldTrump #Trump #CryptoMarketNews #Order14067 #Regulators $TRUMP
On his first day back in the White House, President Donald Trump trashed 78 of Joe Biden’s executive orders, but strangely left Executive Order 14067 untouched. That’s the order known for tightening the screws on crypto by fueling “Operation Choke Point 2.0.” Basically, critics say it gave U.S. regulators the green light to restrict crypto firms’ access to banks—leading to shutdowns like Silvergate Bank and Signature Bank.
Crypto watchers are scratching their heads. Trump once slammed “Choke Point 2.0” at the 2024 Bitcoin conference, promising to junk it as soon as he got back in office. Yet, he didn’t. Some folks, like analyst Adam Cochran, are outraged that the president never mentioned the order while campaigning or on day one. They fear the SEC, FDIC, and other agencies still have too much power to clamp down on crypto under the current rules.
Regulators say they’re just safeguarding the banking system. But many in the crypto world see a targeted crackdown—especially after banks friendly to digital assets mysteriously disappeared or faced serious regulatory heat. So for now, America’s crypto players are left wondering: Will Trump actually keep his anti-“Choke Point 2.0” promise? Or is he backing off in favor of other agendas? Until the president acts, the digital asset industry might stay stuck in legal limbo—right where it’s been since Biden signed 14067. At least he kept his promise and pardoned Ulbricht (Silk Road founder), so we see that he didn't forget about crypto altogether.
Let's see how this evolves - follow @Professor Mende - Bonuz Ecosystem Founder and I'll keep you updated! #DonaldTrump #Trump #CryptoMarketNews #Order14067 #Regulators $TRUMP
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