Crypto is a hot topic in Congress right now. With less than 40 days left in the year, lawmakers have a lot to tackle. They need to confirm new leaders for financial agencies and figure out how to regulate the crypto market. The Senate has been busy. They just advanced Mike Selig's nomination to lead the Commodity Futures Trading Commission (CFTC). If approved, he'll...
The U. S. Senate has taken a major step in regulating cryptocurrencies. A new draft bill aims to bring clarity to the crypto market. It gives the Commodity Futures Trading Commission (CFTC) more power. This is a big deal because it's the first time the U. S. is trying to clearly define who oversees what in the crypto world. The bill classifies big cryptocurrencies l...
The US Senate Agriculture Committee has finally shared its draft on how to regulate the crypto market. This is a big deal because it shows that Congress is getting serious about setting rules for cryptocurrencies. The draft was put out by Republican Senator John Boozman and Democrat Senator Cory Booker. It's not final yet, as there are still parts that need to be di...
Michael Selig is now the new head of the Commodity Futures Trading Commission (CFTC). This move shows how serious the Trump administration is about crypto. Selig has been working closely with the SEC's chairman, Paul Atkins. He's also been a key player in the CFTC's crypto task force. Selig and David Sacks, the White House's crypto expert, shared the news on X. Sack...
The White House has picked Mike Selig to head the Commodity Futures Trading Commission (CFTC). Selig is no stranger to the world of crypto. He's been a key player in the Securities and Exchange Commission's crypto task force. Before that, he was a big shot at a major law firm. This isn't the first time the White House has tried to fill this role. They initially chos...
The U. S. is making big moves in the world of digital money. President Trump has picked Michael Selig to head the Commodity Futures Trading Commission (CFTC). Selig is no stranger to crypto. He's been a key player in the SEC's crypto task force, helping to shape how the government oversees digital currencies. This isn't Trump's first try at filling this role. Earlie...
Figma's initial public offering (IPO) has been a huge success. But here's an interesting twist: Lina Khan, who used to lead the Federal Trade Commission (FTC), sees this as a big win for her approach to regulating big tech companies. Back in 2023, Adobe tried to buy Figma for a whopping $20 billion. But the deal fell apart. Why? Well, there were concerns that this d...
A recent decision by a federal appeals court has put an end to a rule that would have made it easier for people to cancel their subscriptions. This rule, created by the Federal Trade Commission (FTC), was supposed to start next week. It would have required companies to let customers cancel subscriptions as easily as they signed up, whether it was a gym membership, Am...
Epic Games, the company behind Fortnite, is in hot water. They've been accused of tricking players into buying stuff they didn't want. Now, the Federal Trade Commission (FTC) is stepping in to help. The FTC has already given out over $72 million to players who were charged unfairly. But they're not done yet. They're sending out another round of refunds. This time, i...
Fortnite players, listen up! You might be able to get some money back from unwanted purchases. The Federal Trade Commission (FTC) is sending out over $126 million in refunds. They are also reopening the claim process for those who missed the first round. Epic Games, the company behind Fortnite, had to pay a huge fine. The FTC accused them of using sneaky tricks to m...