The Gemini co-founders, with a combined net worth in the billions, have said they will make another political contribution in support of US President Donald Trump’s crypto agenda. Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, said they had sent more than $21 million worth of Bitcoin to a political action committee (PAC) with the expressed intention of helping US President Donald Trump’s crypto agenda with a Republican majority in Congress. In a Wednesday X post, Tyler Winklevoss said they contributed more than 188 Bitcoin (BTC), worth about $21 million at the time, to the Digital Freedom Fund PAC. According to the Gemini co-founders, their goal with the contribution was to “support President Trump and his Administration’s efforts” related to crypto policy by attempting to influence the 2026 US midterm elections, support market structure legislation, and “fight for” other issues related to digital assets and blockchain. Read more
The panelists agreed that it is not too late for the US to catch up to other jurisdictions, but urged swift crypto regulatory legislation. Panelists at the Wyoming Blockchain Symposium said it is not too late for the United States to catch up to the crypto regulatory frameworks in other regions, but warned that inaction might lead to stagnation and the US falling behind other countries. “I don't think it's too late, even with the Markets in Crypto Assets (MiCA) in the European Union (EU),” Sylvia Favretto, general counsel and corporate secretary at Mysten Labs, the developer behind the Sui network, said. However, she added that the window of opportunity is “small” and urged immediate action. Stuart Alderoty, chief legal officer at Ripple, said: Read more
Seven organizations affiliated with crypto urged a quick confirmation of Brian Quintenz to the CFTC, though nothing was scheduled on the Senate calendar before its recess. Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC). In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate following the president’s nomination. Signatories included the Crypto Council for Innovation, Blockchain Association, Decentralization Research Center, DeFi Education Fund, The Digital Chamber, Satoshi Action Fund and Solana Policy Institute Read more
Brevan Howard reportedly managed $34 billion in assets as of April 2025, with the company's digital asset division, set up in 2021, managing $2 billion. Gautam Sharma, the CEO of alternative investment management company Brevan Howard’s digital assets division, is reportedly leaving after five years. The departure could spell changes for the division, which has grown significantly in the past few years and manages $2 billion in assets. According to a Bloomberg report on Wednesday, Brevan Howard has no plans to fill the role. Meanwhile, the company in May promoted Chris Rayner-Cook, former head of global trading and financing at Coinbase, as the digital assets division’s chief investment officer. Brevan Howard’s digital asset division has over 10 portfolio managers, 13 investment professionals and 15 blockchain engineers. Read more
XRP data highlights investor profit-taking and reveals reasons why the altcoin’s price could continue to fall. Key takeaways: XRP confirms a bearish descending triangle on the daily chart, risking an 18% drop to $2.40. Declining daily active addresses signal reduced transaction activity and cooling demand for XRP. Read more