Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
The former SEC chairman who may be tapped to oversee the Trump administration's AI work has a potentially divisive history as a watchdog of tech innovation.
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The former SEC chairman who may be tapped to oversee the Trump administration's AI work has a potentially divisive history as a watchdog of tech innovation.
It is incumbent upon us to continue Commissioner Peirce’s mission, writes Will Schwartz, policy associate at the Blockchain Association.
Bitcoin held earlier gains following the report, up more than 2% over the past 24 hours and just below $87,000.
Your day-ahead look for Oct. 2, 2026
Bond yields also suffered a major whipsaw, turning higher by the afternoon after early declines.
Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.
Rising open interest and funding rates signal renewed demand for bullish bitcoin exposure.
A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.
Bitcoin is up roughly 3% in October as traders await September’s jobs data, while rising bond yields, a stronger dollar weigh on broader markets.
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.
The company managing the memecoin calls the November event the "most exclusive dinner in the world."
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