A New Era For Crypto Policy Begins! |
butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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Crypto Holdings of Congressional Lawmakers |
U.S. lawmakers are light on crypto heading into Trump era. Fewer than 3% of the members of the House of Representatives and Senate with direct exposure to cryptocurrency.
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| White House Crypto Working Group |
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First SEC Crypto Task Force |
SEC unveils task force to start work on crypto regulations to be led by SEC Commissioner Hester Peirce.
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Senators Lummis & Gallego To Lead Crypto Subcommittee |
The Senate Banking Committee has convened its first digital assets subcommittee, which will be led by two pro-crypto Members. Sen. Cynthia Lummis (R.-Wyo.) will chair while Sen. Ruben Gallego (D-Ariz.) will serve as its ranking member.
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Senate Debanking Hearing 2/5 |
February 5: Senate Banking Committee will hold a hearing focused on debanking - a practice where financial institutions cut off banking services to digital asset firms, or patrons with crypto assets in the accounts.
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February House Financial Services Hearings |
Feb 6: Oversight and Investigations Subcommittee Hearing Entitled: “Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs”
Feb 11: Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Hearing Entitled: “A Golden Age of Digital Assets: Charting a Path Forward”
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$TRUMP Memecoins Divide Industry
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[NY Times] Trump’s Crypto Venture Divides the Industry He Aims to Support. The president’s promotion of a speculative digital coin left some crypto investors feeling blindsided, while others saw it as a gimmick that undermined the industry’s credibility.
“It makes it all look corrupt and self-interested,” said Nic Carter, a vocal supporter of Mr. Trump who runs the crypto investment firm Castle Island Ventures and was at the Crypto Ball as the new $Trump coin was announced. [Read Article]
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- SEC Rescinds SAB 121: SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto - CNBC
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Explainer: How would a US bitcoin strategic reserve work? - Reuters
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US court overturns Tornado Cash sanctions in pivotal case for crypto - Cointelegraph
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Davos: Lesetja Kganyago, governor of the South African Reserve Bank, criticized crypto lobbyists at the World Economic Forum in Davos for pushing countries to add Bitcoin to their reserves, and warned of regulatory capture. - Bitcoin.com
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EXECUTIVE BRANCH BULLISH ON CRYPTO |
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Updates: Trump Administration's Crypto Cabinet |
(Regulatory Agencies with Significant Oversight of DeFi & Web3)
- Kyle Hauptman has been advanced to Chair of the National Credit Union Administration Board
- Kevin Hassett has been appointed as Assistant to the President for Economic Policy and Director of the National Economic Council
- Bo Hines has been appointed as executive director of the Presidential Council of Advisers for Digital Assets that will be chaired by incoming crypto czar David Sacks
- Biden CFPB, OCC appointees continue to serve in their roles
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Awaiting Senate Confirmation Hearings:
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- Kelly Loeffler for Administrator of the Small Business Administration
- Paul Atkins for SEC Chair
- Kevin Hassett for Director of the National Economic Council
- Scott Bessent for Treasury Secretary
- Howard Lutnick for Commerce Secretary
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- CFTC Commissioner Caroline Pham is Acting Chair of the Commodity Futures Trading Commission
- SEC Commissioner Mark Uyeda is Acting Chair of the Securities and Exchange Commission
- David Lebryk is Acting Secretary of the Treasury
- Travis Hil is Acting Chair of the Board of Directors of the Federal Deposit Insurance Corporation
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Journalism – seeks to deepen mainstream understanding of diverse segments of the emerging $3+ trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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