Tag: white
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CFTC Proposes New Regulatory Framework for Crypto Asset Markets to White House as Agency Seeks to Establish Federal Rules Independent of Congress
The Commodity Futures Trading Commission (CFTC) has officially submitted a proposed regulatory framework to the White House’s Office of Management and Budget (OMB), signaling a decisive move to establish comprehensive crypto market rules independently of congressional action. According to federal records, the OMB received the proposal on September 17, marking a significant step in the…
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Liquid Network Security Breach: White-Hat Hackers Return Majority of $320 Million in Bitcoin Following Critical Sidechain Exploit
In an unprecedented event for the Bitcoin ecosystem, a group of self-identified white-hat hackers successfully exploited the Liquid Network over the weekend, extracting nearly $320 million in Bitcoin (BTC) without providing the necessary collateral. The incident, which occurred on Sunday, September 7, 2026, targeted a fundamental vulnerability in the sidechain’s transaction-validation software, allowing the actors…
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Treasury Secretary Scott Bessent Emerges as Lead Candidate for White House AI Czar Position
The administration of President Donald Trump is reportedly considering a significant restructuring of its technology and economic policy framework by appointing Treasury Secretary Scott Bessent to a dual role as the nation’s "AI Czar." According to reports from Semafor, citing three individuals familiar with the internal deliberations, Bessent has emerged as the frontrunner for this…
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Liquid Network Security Breach Results in $320 Million Exploit and Partial Return of Funds by White-Hat Hackers
The digital asset landscape was shaken over the weekend as the Liquid Network, a prominent Bitcoin sidechain developed by Blockstream, fell victim to a sophisticated exploit that resulted in the unauthorized withdrawal of approximately $320 million in Bitcoin (BTC). The incident, which saw nearly the entire reserve of the network drained through a technical vulnerability,…
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SEC Submits Digital Asset Custody Proposal to White House in Major Push for Regulatory Modernization
The United States Securities and Exchange Commission (SEC) has formally submitted a package of proposed rules regarding digital asset custody to the White House for review, marking a pivotal step in the agency’s efforts to align with the Trump administration’s broader cryptocurrency policy objectives. The proposal, which was transmitted to the Office of Management and…
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Liquid Network Security Breach Results in 320 Million Dollars in Bitcoin Exploited by White Hat Hackers as Industry Evaluates Layer 2 Vulnerabilities
The Liquid Network, a prominent Bitcoin sidechain developed by Blockstream, recently fell victim to a sophisticated exploit that resulted in the unauthorized withdrawal of approximately 4,000 Bitcoin (BTC), valued at an estimated $320 million. The incident, which unfolded over the first week of September 2026, has sent ripples through the digital asset industry, highlighting the…
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SEC Submits Digital Asset Custody Proposal to White House in Major Shift Toward Crypto-Friendly Regulation
The Securities and Exchange Commission (SEC) has officially submitted a series of proposed rules regarding digital asset custody to the White House for formal review, marking a significant milestone in the agency’s pivot toward the Trump administration’s stated pro-crypto agenda. The proposal, which was transmitted to the Office of Management and Budget (OMB) on August…
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Senate Deadlock Over Clarity Act Ethics Provisions Deepens as Democrats Reject White House-Backed Proposal
The United States Senate’s momentum toward establishing a comprehensive regulatory framework for digital assets has encountered a significant setback as bipartisan negotiations over the Clarity Act stalled this week. The impasse centers on controversial ethics provisions regarding the potential financial interests of high-ranking federal officials, most notably President Donald Trump, in the burgeoning cryptocurrency sector.…
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Former White House Teleprompter Operator Fined $172,000 for Insider Trading on Presidential Speech Prediction Markets
A former White House teleprompter operator, Gabriel Perez, has agreed to pay $172,000 to settle charges brought by the Commodity Futures Trading Commission (CFTC), which accused him of engaging in insider trading on prediction markets. Perez allegedly leveraged his advance knowledge of presidential speeches to wager on specific words and phrases that President Donald Trump…
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SEC Submits Digital Asset Custody Proposal to White House in Major Move Toward Crypto Regulatory Clarity
The Securities and Exchange Commission (SEC) has officially submitted a series of proposed rules regarding digital asset custody to the White House for formal review, marking a significant milestone in the agency’s pivot toward a more structured and industry-aligned regulatory framework. The proposal, which was transmitted to the Office of Management and Budget (OMB) on…
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