Source: Cointelegraph Original: "{title}"

Paul Atkins is a former commissioner of the U.S. Securities and Exchange Commission (SEC), known for his support of innovation, making him a popular candidate to lead the agency under the new White House administration. The future of cryptocurrency regulation in the U.S. may undergo significant changes.

Atkins served as a commissioner and advisor under two chairmen, Richard Breeden and Arthur Levitt, and is recognized as a securities law expert and a balanced regulator. Most importantly, he has a deep background in the digital asset space.

According to the profile of Patomak Global Partners, where he serves as CEO, Atkins has been a central figure in the industry's efforts to develop best practices for the issuance and trading of digital assets since 2017. He is the co-chair of the Token Alliance, an initiative launched by the Chamber of Digital Commerce aimed at developing policies for tokenized networks and digital asset issuers.

His appointment would sharply contrast with the current SEC Chairman Gary Gensler, who is set to step down in January. Gensler's tenure has been marked by "enforcement-heavy regulation," leading to frequent lawsuits and limited guidance for crypto companies.

However, if rumors about transferring digital asset regulation to the Commodity Futures Trading Commission (CFTC) are confirmed, the SEC's role in cryptocurrency regulation may become less critical, as the CFTC is seen as more favorable to innovation. It is reported that the incoming administration of President-elect Donald Trump is considering this move.

This week's Crypto Biz also discusses the plans of Singapore's Gulf Bank to acquire a stablecoin company, Binance delisting tokens, Cantor Fitzgerald's stake in Tether, and the first DOGE ETP.

Cryptocurrency exchange Binance will delist five crypto tokens by December 10, citing non-compliance with industry standards. The tokens set to be delisted include Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN). Arbitrage strategies, loans, and futures positions for these tokens will be closed on December 3, while isolated and cross-margin borrowing has already been suspended. The announcement triggered a massive sell-off, causing the tokens to plummet nearly 40% on November 26. The exchange did not disclose which requirements the tokens failed to meet.

Reportedly, crypto-friendly digital bank Gulf Bank of Singapore is seeking at least $50 million in funding as it plans to acquire a stablecoin payment company by early 2025. According to anonymous sources with direct knowledge, the bank is willing to sell a 10% stake by early 2025 to raise funds for the acquisition. The bank has been negotiating with a Middle Eastern sovereign wealth fund and other potential investors. The funds will be used to strengthen the bank's payment network and to acquire a stablecoin payment company in the Middle East or Europe in the coming months. Gulf Bank of Singapore is operated by the Huangpu Group, a family-owned business based in Singapore.

Financial services company Cantor Fitzgerald currently holds a 5% stake in stablecoin issuer Tether, which could provide the company with more political support from the incoming Trump administration. According to The Wall Street Journal, this stake is valued at up to $600 million. Cantor Fitzgerald is one of Tether's most important banking partners, especially when the stablecoin issuer was cut off from many banks globally. On November 19, Cantor Fitzgerald's CEO Howard Lutnick was selected as a nominee for Secretary of Commerce by Donald Trump. Lutnick stated that he would resign as CEO of Cantor Fitzgerald after Senate confirmation.

Cryptocurrency fund issuer Valour has launched the first Dogecoin (DOGE) exchange-traded product (ETP). This ETP will trade on Sweden's Spotlight stock market, allowing retail and institutional investors to access the world's largest memecoin in a regulated fund wrapper. With the launch of the fund, DOGE's market capitalization surpassed Porsche on November 27, reaching $57.8 billion. Over the past month, the memecoin's price has risen by 175%, with some cryptocurrency traders predicting that DOGE could increase by 1000% based on emerging technical chart patterns.

Crypto Biz provides you with the pulse of the business behind blockchain and cryptocurrency every week, delivered directly to your inbox every Thursday.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。