After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.

Donald Trump, newly inaugurated as President, has appointed Mark Uyeda as the SEC's acting chairman with Gary Gensler stepping down.

(Reuters) - Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said Monday.

Trump has broad authority to issue such orders, but many of his more sweeping actions are likely to face legal challenges before they can take effect.

President Joe Biden will give a primetime Farewell Address on Wednesday night, five days before he leaves office on Jan. 20.

From the debanking crisis to the SEC's crypto accounting standards, the blockade between the digital assets sector and banks may be an easy target.

Efforts to overturn SAB 121 gained bipartisan support in Congress last year, although a veto from then-President Joe Biden left the measure intact, further hindering banks from expanding their crypto offerings.

The U.S. Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy.

U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.

U.S. President Donald Trump has come through with an eagerly awaited executive order on crypto that directs his administration to establish