Checks for influence in Washington, but the seats in the encryption council may be outside the table

Encryption engagement in Washington in full swing. Almost every major company has sent a political team to the capital in an attempt to gain a seat on the table with the president’s work group in the digital asset markets, led by Crypto and AI CZAR DAVID SACKS, or forming discussions on the new Crypto mission in SEC power under the leadership of Commissioner Hyster Peres.

A lot of efforts have been allocated to win a place in the Presidential Council for Advisors for Digital Assets, led by Po Heins, a former football player, 29 years old from North Carolina, and ran into no avail for Congress twice. However, according to the speed of rapid and chaotic changes often under the new administration, it now seems as if HINES will be formed Rounded table issues instead of one “council”.

Henz Point told me, “We are not facing that [the council]; We will do the round table. This is at least the current thinking, ”says one of the familiar sources in this matter. A representative of the Science and Technology Policy Office indicates to the president Executive orderWhich stipulates “an occasion and consistent with the law, the working group must hold general listening sessions and receive individual experience from leaders in digital assets and digital markets.”

This means that companies such as Ripple and Coinbase, both of them are the large donors of Trump’s opening committee, will have to settle the designated listening sessions, such as those run by CFTC, which is run by President Brian Quintns, who was newly nominated by Andressen Horowitz. It was reported that the CEO of Ripple billionaire Brad Garlinhaus was pressing heavily to get a seat on the “Council”, but it seems that these efforts have failed. Ripple Labs is San Francisco behind Ledger XRP, which is Blockchain for a current value of $ 161 billion and promised international money flows, but it has been completed a little Since its inception in 2012.

In SEC, Commissioner Pierce presses for a new start. The agency’s records show that its team met Blockchain AssociationAndrink Horwatz Oh capital management and Nasdak Actors, among others, in recent days, are dealing with everything starting from correcting past errors to exploring eTPS and clarifying encryption trading places.

Legal battles are also a stopping beating. A Federal DC judge has suspended a 60 -day lawsuit against Binance for the proposal of both parties this week, noting that the SEC’s new business squad can “affect and facilitate the potential solution to this case.”

Several experts and legal observers say similar procedures may follow. “If you look at the suspended SEC cases, I expect that those that are limited to whether there is a safety offer without a suitable registration. However, cases like Binance, which involves fraud allegations, may be more complicated. Arthur Jacobi, the former public prosecutor of the company says SEC and his partner at Herick Feinstein: “I think we will discover very quickly in the next few weeks.”

“It will not be surprised at all if, at this stage, SEC under a new system, which he wants to be lenient in Crypto, says:“ Hey, Binance has been punished enough ”(the stock exchange settled with the United States for a government for $ 4.3 billion in November 2023 to solve the anti -money laundering fees and penalties. Mark Beni, the partner in Red Smith, says, such as SEC, such as its counterparts in the Ministry of Justice, the clarity about the security of the encryption and what is otherwise. Seeing changes very quickly, especially given that many people who were driving in cases of encryption were resets by resetting employees, they have made it clear that their priorities have changed a lot.