Search results for Arjun Sethi
Crypto
Ripple CEO appears at White House crypto summit as Trump steps up pro-coin push
Ripple CEO Brad Garlinghouse attended a White House cryptocurrency summit, but XRP did not show an immediate breakout move, U.Today reported. Garlinghouse appeared alongside administration officials, top financial regulators and industry representatives, without delivering a separate speech. The event focused on keeping the crypto industry in the United States and reducing regulatory uncertainty. Officials discussed proposed SEC rules, while industry leaders stressed legislation and asset tokenisation, including a Sept. 15 Senate procedural vote on the Clarity bill.
Crypto
U.S. SEC delays crypto regulation meeting, possibly mindful of Clarity Act
The U.S. Securities and Exchange Commission delayed a planned meeting on crypto regulation after a reported request from the White House. Foreign media reports said the White House feared talks on a crypto fundraising rule and an exemption for securities-token trading could complicate congressional negotiations over the Clarity Act. Market participants also cited potential opposition from SIFMA and possible litigation. Policy discussions are expected to continue this week, including events at the White House.
Crypto
Kraken cuts 150 jobs citing AI efficiency, IPO likely pushed to 2027
Cryptocurrency exchange Kraken has cut about 150 jobs to reduce costs tied to the adoption of artificial intelligence, reports said. The layoffs have raised the possibility that Kraken\'s U.S. initial public offering could slip from this year to 2027. The move comes amid broader job cuts across the crypto industry, where firms cite AI-driven efficiency gains. Kraken has not immediately issued an official position.
