Could a future US presidential administration undo all of Paul Atkins’ work in a matter of days? Cointelegraph spoke to legal and regulatory experts to find out. Paul Atkins wants to cement his vision for the crypto markets before political tides shift again in Washington. As the new chair of the US Securities and Exchange Commission, he’s moving quickly to “future-proof” SEC policies, a push that could define how much freedom the crypto industry enjoys after President Donald Trump leaves office. In a conference hosted by the Managed Funds Association in New York on Tuesday, Atkins said the SEC would work quickly to adopt rules that could “future-proof” his agenda. He specifically referred to removing or weakening regulations on public and private markets, both of which could impact the cryptocurrency industry after Trump or Atkins leaves. “We have, I think, an amazing opportunity to get together and, in a can-do spirit, kind of create something that’s lasting,” said Atkins on US regulators collaborating. “M...
Bitcoin tops $126,000 as Strategy’s BTC hoard swells; ICE backs Polymarket; Rezolve AI buys Smartpay; Plume gains SEC transfer-agent status. Big Tech companies that once dismissed Bitcoin (BTC) as a balance sheet asset are now watching Strategy, led by Executive Chairman Michael Saylor, amass a digital asset treasury approaching the size of their own cash piles. The surge comes as Bitcoin hit a new all-time high above $126,000 this week, driven by investor demand for hard assets seen as hedges against US dollar debasement — a narrative increasingly likened to gold. However, Bitcoin isn’t the only corner of crypto attracting major institutional money. The Intercontinental Exchange (ICE) has invested $2 billion in Polymarket, a decentralized prediction platform, valuing the firm at roughly $9 billion. The move signals growing convergence between traditional finance and decentralized blockchain infrastructure, as institutions explore tokenized markets and real-world event forecasting. Meanwhile, Tether is back i...
The cryptocurrency with the second-largest market cap was on its way to meeting requirements under Texas' crypto reserve law until a price drop on Friday. This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset. Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of passage. “I’m really interested to see the speed at which they establish the reserve and how it acts from a returns standpoint,” said Schwertner. ”If Ethereum maintains its market cap over 24 months, I think it’s reasonable and prudent to give directi...
Bitcoin has fallen below $116,000, but select analysts remain unfazed as they anticipate solid buying to emerge at lower levels. Key points: Bitcoin has pulled below $116,000, but select analysts expect buyers to step in at lower levels and arrest the decline. Select altcoins have reached critical support levels where the buyers are expected to mount a strong defense. Read more
The reported potential merger could make Securitize one of the first major tokenization companies to go public, signaling rising Wall Street demand for onchain finance. Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC). Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said. Securitize did not immediately respond to Cointelegraph’s request for comment. Read more
Morgan Stanley's wealth management division will initially cap crypto allocations and begin with Bitcoin funds from BlackRock and Fidelity, potentially adding choices later. Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported. Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile. The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30, US retirement assets totaled about $45.8 trillion, with IRAs holding about $18 trillion and 401(k) plans about $9.3 trillion, according to the Investment Company Institute’s latest quarterly update. Read m...