Treasury Secretary Bessent warns over Coinbase stance on key legislation

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Why Bitcoin Open Interest Has Seen Its Largest Decline in Almost 3 Years

Why Bitcoin Open Interest Has Seen Its Largest Decline in Almost 3 Years

JUST IN: 🇺🇸 CFTC Chairman Michael Selig says "it's clear that there's demand for (crypto). The banks, the exchanges, and all manner of developers are moving on-chain, and we're gonna be there to help them get there."

JUST IN: 🇺🇸 CFTC Chairman Michael Selig says "our markets are moving on-chain, derivatives contracts can execute seamlessly on-chain, collateral can move seamlessly on-chain. We expanded our list of eligible blockchain-based collateral and will continue to expand intelligently."

JUST IN: 🇺🇸 CFTC Chairman Michael Selig says "the CFTC is modernizing and upgrading its rules and regulations for blockchain-based markets, regardless of legislation."

JUST IN: 🇺🇸 CFTC Chairman Michael Selig says "the CLARITY Act is critical. The President has been clear that we need to get something enacted into law, we want to futureproof our statutory framework for crypto. We can't allow Gary Gensler 2.0. We'll get this across the line."

INSIGHT: According to Grayscale, Bitcoin’s recent drop closely tracked high-growth U.S. tech stocks, suggesting the sell-off was driven by broader market risk-off sentiment rather than crypto-specific issues.