The Shib News Recap: Thursday

This Thursday, The Shib Daily reports on pressing issues in the cryptocurrency world, including crucial regulatory decisions that could influence the U.S. crypto market. Questions about the government’s transparency in managing digital assets are also raised, while Shiba Inu’s Shytoshi Kusama exposes startling details regarding a controversial airdrop.

Trump’s SEC Nominee Paul Atkins and CFTC Contenders: A New Era for Regulatory Leadership in Crypto?

Trump has nominated Paul Atkins, a former SEC Commissioner, to succeed Gary Gensler. He praised Atkins for his commitment to “common-sense regulations” and the importance of digital innovation. With his regulatory background, Atkins is seen as a qualified leader. Anndy Lian noted the nomination’s importance, suggesting that the relationship between Atkins and crypto enforcement leaders will be pivotal for the industry.

In a related context, the position of Chair of the Commodity Futures Trading Commission (CFTC) is under consideration by the President-elect. Perianne Boring has emerged as a leading candidate, thanks to her experience as a TV anchor in international finance. The Trump transition team sees this background as a significant asset. However, other candidates, including commissioners Caroline Pham and Summer Mersinger, are still being evaluated.

US Government Moves $33.6 Million from FTX—What’s the Strategy?

The U.S. government has moved $33.6 million in seized cryptocurrency from FTX and Alameda Research to undisclosed wallets. This includes $18.17 million in Ethereum (ETH) and $13.58 million in Binance USD (BUSD). Smaller amounts of other tokens, like SHIB and WBTC, were also transferred. The move raises questions about its intentions and possible market impacts, especially as investigations into former FTX executives continue.

Shytoshi Kusama on $HAWK Token: Airdrop for Shib Army Approved, Fell Through, No Partnership

Shiba Inu project lead Shytoshi Kusama addressed their limited role with the $HAWK token. They initially declined an offer to promote the token but later accepted a proposal for an airdrop to the Shib Army. Kusama criticized the project for its rushed launch and lack of organization. They also clarified that this was not a partnership but merely a gesture to benefit the community.

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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