cryptoregulation

Cardano founder Charles Hoskinson has harshly criticized President Donald Trump's involvement in crypto, arguing that his actions have significantly damaged efforts to create a clear and fair regulatory framework in the U.S.
In an interview, Hoskinson openly admitted that he finds the president’s approach to the crypto industry “frustrating” — particularly pointing to the launch of Trump’s own meme coin shortly after taking office, which he says triggered political polarization across the market.
“At that moment, the perception of crypto shifted from a bipartisan issue to ‘crypto equals Trump, which means corruption and danger,’” warned Hoskinson, adding that this approach gave critics of crypto a powerful argument and jeopardized years of legislative work.

Pressure to Stay Silent and Fear of Losing Access
Hoskinson also revealed that most crypto founders have refused to speak publicly on the matter. “We were warned that if we commented, we would lose access. We wouldn't be invited to help shape legislation or meet with the president. The silence was essentially enforced,” he said.
Despite this, he insists that the president’s direct involvement in the crypto space — without clear, pre-established rules — appears risky and suspicious both to the public and lawmakers.

The World Liberty Financial Project Under Fire
Hoskinson also took issue with Trump’s crypto initiative “World Liberty Financial,” which reportedly involved his family and business partners. The project launched before the November elections and appeared more like a personal PR stunt than a genuine contribution to the crypto ecosystem.
“If you're launching something as a private citizen, you have the right to do so — but first, set clear and fair rules. It's not about whether to launch Trump Coin or World Liberty; it’s about whether it’s done transparently and under fair regulation,” he said.
Hoskinson warned that if Democrats regain power in Congress, Trump may be called to testify about these activities.

#CharlesHoskinson , #TRUMP , #CryptoRegulation , #Cardano , #DigitalAssets

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

U.S. crypto legislation is about to make a major leap forward. David Sacks, the White House’s lead advisor on cryptocurrency and artificial intelligence, announced that the CLARITY Act — landmark legislation aimed at clearly defining regulatory authority over digital assets — will reach the Senate for markup in January.
The bill has already passed the House of Representatives, and according to Sacks, the U.S. is closer than ever to adopting its first comprehensive crypto market structure law.
“We are closer than ever to passing the key crypto legislation that President Trump has championed. We look forward to getting it done in January!”

— David Sacks, White House AI and crypto advisor

CLARITY Act: A New Framework for the U.S. Crypto Market
The CLARITY Act (H.R. 3633), passed in July 2025, would place the Commodity Futures Trading Commission (CFTC) at the center of crypto regulation. Its key objectives:
🔹 Clearly define what qualifies as a “digital commodity”

🔹 Simplify compliance pathways for crypto companies

🔹 Strengthen investor protections

🔹 End years of regulatory uncertainty
The bill also includes rules for DeFi, AML standards, and aims to keep innovation within the U.S., instead of pushing it offshore.

Banks Get Green Light for Crypto Transactions
On the same day, the Office of the Comptroller of the Currency (OCC) announced that traditional banks are now authorized to conduct riskless principal crypto transactions — acting as intermediaries in trades without holding the assets themselves.
This marks a reversal from the OCC’s cautious stance during 2021–2024, when it, alongside the Fed, warned of crypto-related risks. The door is now open for hybrid banks that blend traditional finance with digital assets.

Progress Continued Despite Government Shutdown
During the record-setting 43-day government shutdown in Oct–Nov 2025, U.S. regulators met with executives from Coinbase, Ripple, Kraken, Circle, and VC firms like a16z and Paradigm to finalize CLARITY Act details. The talks underscore the urgency and bipartisan interest in crypto regulation.

Industry Applauds, But Caution Remains
Crypto companies and investors largely support clearer rules, hoping that a stable framework will attract innovation and stop the talent drain to more crypto-friendly regions.
However, consumer protection groups warn that fast-track legislation must also safeguard against fraud and manipulation, especially in DeFi, where regulatory boundaries are often blurred.

What’s Next?
The Senate will review the bill in January 2026 through the Banking and Agriculture Committees, which have already circulated their own legislative drafts. If passed, the CLARITY Act could set the tone for global crypto policy.

#CryptoRegulation , #DavidSacks , #whitehouse , #CryptoNews , #blockchain

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The U.S. Securities and Exchange Commission (SEC) has launched another crackdown on fraudulent activity in the crypto industry. This time, it’s targeting Dan C. Vo – the CEO of the now-defunct Bitcoin mining company VBit Technologies. According to the lawsuit, Vo embezzled $48.5 million from investors, some of which was allegedly used for gambling and personal family expenses.
The complaint was filed on December 17, 2025, in the U.S. District Court for the District of Delaware.

Raised Over $95 Million – But Mining Was Mostly Fictional
From December 2018 to February 2022, VBit raised more than $95.6 million from around 6,400 investors. The company promised “passive income” through Bitcoin mining with no technical headaches. But in reality, Vo allegedly sold hosting contracts for far more mining equipment than the company actually operated.
Investors could choose from six “mining hosting packages,” with the top-tier plan costing over $113,000. These packages promised returns without direct involvement, but the SEC classified them as unregistered securities. According to the complaint, investors were reliant on the efforts of third parties to generate profit.

VBit Faced State Sanctions Before Federal Action
Before the SEC’s intervention, several U.S. states had already taken enforcement actions:
🔹 California – Cease and desist order issued in January 2024, affecting over 1,000 residents

🔹 Washington – $15,000 fine and refund orders totaling $156,000

🔹 Montana – $180,000 penalty and restitution to three known victims

Fake Acquisition and a Fast Collapse
In January 2022, VBit announced it had been acquired by Advanced Mining Group for $105 million. However, the SEC alleges that Advanced Mining didn’t exist as a legitimate business before the “acquisition.” Neither VBit nor Advanced Mining registered any securities with the SEC, nor did they attempt to.
The rebranded operation collapsed just weeks after the acquisition, and VBit completely vanished from the crypto scene.

SEC Seeks Heavy Penalties for Vo
The Securities and Exchange Commission is now demanding:
🔹 A permanent ban on Vo serving as an officer or director of any public company

🔹 Full disgorgement of misappropriated funds, with interest

🔹 Civil monetary penalties

🔹 Court orders preventing future violations of securities laws
Whether Dan C. Vo will stand trial remains to be seen. One thing is clear – the crypto space continues to be fertile ground for both innovation and multi-million dollar fraud.

#CryptoFraud , #Bitcoinmining , #Cryptoscam , #DigitalAssets , #CryptoRegulation

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“