Trump Requested Democratic SEC Candidates, but No Names Arrived, White House Says

The post Coinbase Legal Chief Grewal Steps Down After Six Years of Bitcoin Policy Wins appeared on BitcoinEthereumNews.com. Crypto News Coinbase Global chief legal officer Paul Grewal will leave the largest US cryptocurrency exchange on July 31, closing a six-year run that reshaped the company’s legal footing. The filing submitted to the SEC (EDGAR) shows Grewal notified Coinbase on July 8 that he would step down as chief legal officer and corporate secretary. He plans to transition into an advisory capacity through October and will keep his seat on the board of Coinbase National Trust Company. Grewal joined in 2020 from Facebook, where he served as deputy general counsel, after more than five years on the bench as a federal magistrate judge. Neither the exchange nor Grewal cited any dispute. Grewal’s tenure is bookended by two landmark moments for the sector, the first being Coinbase’s April 2021 public debut. He helped steer the company through a Nasdaq direct listing that made Coinb

A White House letter dated July 9 says President Donald Trump sought Democratic candidates for Securities and Exchange Commission (SEC) vacancies before Senate Democrats accused the administration of leaving bipartisan seats open across independent agencies. White House Rejects the Charge of Empty Democratic Seats The White House pushed back against Senate Democrats’ criticism, arguing that […]

Exempting onchain developers from registration could accelerate blockchain innovation, reduce regulatory barriers, and attract institutional investment. The post Hyperliquid Policy Center and Phantom urge CFTC to exempt onchain developers from registration appeared first on Crypto Briefing.

The post White House Defends Trump as CFTC Vacancies Stall Crypto Bill appeared on BitcoinEthereumNews.com. The White House defended President Donald Trump’s regulatory appointments as Senate disputes over agency vacancies threaten progress. Lawmakers continue debating the stalled crypto market structure bill and the role of federal regulators.  Officials sent a letter to congressional leaders to challenge claims about Trump’s nomination strategy. They argued that Democrats blocked several civilian nominees while Trump still selected some bipartisan candidates. Additionally, the administration said it sought Democratic recommendations for Securities and Exchange Commission and Commodity Futures Trading Commission roles. However, officials said they received no responses from Democratic leaders. Consequently, the White House blamed the ongoing vacancies on political disagreements rather than executive delays. 🚨NEW: The White House is pushing back on Senate Democrats’ claims that the Tr

The post Gold recovers above $4,100 as traders assess US-Iran conflict appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East. The White House signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier this week that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and against neighboring countries. However, uncertainty remains high as Trump said that strikes would “get much worse” if Tehran again attacked ships in the strait. On Thursday, the Islamic Republic targeted US bases in Bahrain, Kuwait and Qatar. Jordan intercepted eight Iran-launched missiles, according to Axios. Escalating tensions between the US and Iran could drive crude oil prices higher, stoking inflation fears

The post Hyperliquid Policy Center, Phantom Urge CFTC To Ease Onchain Software Registration Rules appeared on BitcoinEthereumNews.com. TLDR: HPC and Phantom filed a joint letter urging CFTC to clarify registration rules for developers. The letter asks CFTC to give registered exchanges a path to adopt onchain infrastructure. HPC and Phantom want the Phantom no-action letter codified into a permanent formal rule. The filing responds directly to a CFTC request on rules hindering market participants. Hyperliquid Policy Center and Phantom have urged the CFTC to clarify that publishing onchain protocol software does not require registration. The two firms submitted a joint comment letter this week addressing onchain market infrastructure. Their filing asks regulators to modernize outdated rules built around custodial intermediaries. It calls for a clear registration pathway for exchanges adopting onchain systems. The letter also pushes to codify the existing Phantom no-action letter into for

The post SPI Asks CFTC to Bring Blockchain-Friendly Reforms appeared on BitcoinEthereumNews.com. Key Highlights On Thursday, the Solana Policy Institute submitted comments urging the CFTC to update the outdated rules that create obstacles for blockchain-based innovations. In the filing, Solana Policy Institute urged regulators that non-custodial front-ends should not be classified as intermediaries just for allowing users to submit transactions. The response comes after the CFTC’s June 2026 request for the public to boost fintech innovations. On July 9, Solana Policy Institute submitted its response to the U.S. Commodity Futures Trading Commission (CFTC) request for public input on barriers to fintech innovation. In the official document, the non-profit organization mentioned the need to update old regulatory frameworks to support blockchain-based markets and non-custodial interfaces like wallets. The Solana Policy Institute mentioned in the response that “These comments focus on three

The post Kalshi Plans Expansion Into Gold, Currency, and Energy Perpetual Futures Markets appeared on BitcoinEthereumNews.com. Key Highlights Kalshi is requesting regulatory clearance for perpetual futures covering gold, currencies, and energy. The trading venue intends to move past cryptocurrency-focused derivative offerings. Precious metals, particularly gold, represent a top strategic focus for upcoming launches. Regulatory examination by the CFTC may establish precedents for energy-linked perpetual contracts. Legacy derivative exchanges confront mounting competitive challenges from Kalshi’s strategic growth. Kalshi has submitted applications to broaden its perpetual futures offerings into precious metals, currency pairs, and energy commodities. This strategic initiative represents an effort to extend its regulated derivatives framework beyond cryptocurrency markets. The expansion strategy positions Kalshi in direct rivalry with long-standing exchange platforms and retail-focused tr