Regulation By Enforcement Is Out at CFTC, Acting Chair Pham Says

U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham said Tuesday the regulatory agency has reorganized its enforcement division to “refocus” on fraud and “stop regulation by enforcement.” Under former Chairman Rostin Behnam, the CFTC’s Division of Enforcement had a variety of task forces, including one focused on insider trading, another focused on cybersecurity…

Trump’s Crypto Czar says Bitcoin reserve evaluation, stablecoin legislation top priorities for administration

The White House “Crypto Czar,” David Sacks, said the crypto working group established by President Donald Trump’s executive order is evaluating the establishment of a Bitcoin (BTC) reserve as an early priority for the administration. However, in response to questions about the US sovereign wealth fund also buying Bitcoin, Sacks said that would be evaluated…

OpenAI makes strategic push into Asia with Kakao partnership amid negotiations with SoftBank

Kakao Corp. has become the first South Korean company to form a strategic partnership with OpenAI, marking a major step in the AI research firm’s expansion into Asia. The collaboration aims to integrate OpenAI’s advanced models into Kakao’s platforms, including KakaoTalk and its upcoming AI assistant Kanana, while also co-developing AI-driven products tailored to the…