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Trump Weighs New CFTC Chair Picks As Quintenz Stalls
Crypto Trends

Trump Weighs New CFTC Chair Picks As Quintenz Stalls

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The Trump administration is reportedly considering a slate of new candidates to lead the Commodity Futures Trading Commission, as Brian Quintenz’s confirmation has stalled.

New candidates being discussed include Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force and a former asset management attorney, and Tyler Williams, Treasury counselor on digital asset policy, who previously worked at Galaxy Digital.  

Cointelegraph contacted the CFTC for further details but did not receive an immediate response.

Brian Quintenz’s nomination hit a wall in July after Gemini co-founder Tyler Winklevoss asked Donald Trump to halt the process, expressing frustration at the Biden administration’s crackdown on his company. 

“Seven years of lawfare trophy hunting. It’s outrageous what they did to us,” he said at the time. The White House then requested that the Senate pause the planned vote.

Earlier this month, Quintenz publicly suggested Trump “might have been misled” by the Winklevoss twins, posting screenshots of private messages on X.

Related: Crypto advocacy groups double down on Quintenz confirmation at CFTC amid pushback

Winklevoss twins flex their influence

The Wall Street Journal described the situation as the Winklevoss twins as “flexing their Washington influence” after backing Trump’s campaign with millions of dollars in donations.

The CFTC is understaffed, with only acting chair Caroline Pham remaining after multiple recent resignations. At the same time, the agency is expected to gain expanded oversight of crypto assets under pending legislation.

Meanwhile, the White House hasn’t officially moved away from Quintenz but is exploring alternatives as discussions about new candidates have intensified recently.

Brian Quintenz shares screenshots from his spat with the Winklevoss twins earlier this month. Source: Brian Quintenz.

Fostering crypto advancement 

The CFTC has made several moves recently to favor the crypto industry in the United States, such as allowing offshore exchanges to serve US citizens under an initiative called “crypto sprint.”

In August, the Commission launched an initiative to enable the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges.

A pro-crypto agency head will likely extend the advancement of crypto-friendly legislation in the US. 

Magazine: XRP to retest highs? Bitcoin won’t go sideways for long: Hodler’s Digest



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Why Are Myriad Users Betting on the Color of Fed Chair Powell’s Tie Today?

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In brief

  • Myriad traders are betting on whether Jerome Powell will wear a purple tie at the September FOMC press conference—odds heavily favor Yes.
  • Purple has become Powell’s signature color, signaling the Fed’s commitment to neutrality over partisan “red vs. blue” politics.
  • The quirky market highlights how prediction platforms are moving beyond rate calls to trade on symbolism and style cues.

A peculiar but revealing market is getting serious traction on Myriad: Will Fed Chair Jerome Powell wear a purple tie during the September FOMC press conference?

As of now, the crowd overwhelmingly believes yes. But it’s not just about fashion—this prediction market taps into deeper symbolism around the Fed’s public identity.

According to a recent report by Columbia Business School, Powell’s choice of a purple tie is no accident. Brett House, economist and professor at Columbia, noted that Powell’s consistent use of purple is a part of reinforcing the Federal Reserve’s image as non-political in an era of heightened polarization. 

Here’s what’s known:

When asked, Powell said purple was once just a personal preference. But over time, he began to see its utility: “Maybe not red. Maybe not blue. So I wind up wearing purple.” He saw purple as a neutral ground, signaling a lack of alignment with either side of the political spectrum. And lately, it’s become something of a signature. 

(Disclaimer: Myriad is a product of DASTAN, Decrypt’s parent company.)

He explicitly frames this aesthetic (tie color) as helping project the message that the Fed is strictly non-political—not embracing party red or blue, but purple in between. 

So when people are putting money on “Powell wears purple,” they aren’t just betting on wardrobe chance—they’re betting on consistency, signaling, and public messaging.

The Myriad market: Purple tie or not?

Here’s what the market looks like:

  • Question: Will Jerome Powell wear a purple tie during the September FOMC press conference?

  • Large sentiment says Yes. Significant volume is leaning that way. (Exact figures shift with time.)

  • Resolution rules: Must be purple or a pattern where purple is the dominant color. Shades like lavender or violet qualify; red, blue, or burgundy do not. The market typically closes shortly before the event, and official feeds/video resources will decide.

Because of Powell’s established pattern and public statements, the “Yes” side seems to carry weight beyond random guesswork.

Things that could upset the odds

  • Lighting/camera differences: A tie that looks violet on camera might register differently under stage lights, or in certain video streams.

  • Tie patterns/mixed colors: A tie with multiple colors where purple isn’t dominant could create disputes.

  • Last-minute changes: Powell could change his wardrobe plan; things like his stylist’s decisions, availability of a tie, or even mood might matter.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Opendoor Board Chair Thinks the Company Should Cut Its Workforce by 85 Percent
Product Reviews

Opendoor Board Chair Thinks the Company Should Cut Its Workforce by 85 Percent

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If you work for Opendoor, the online real estate platform, you might consider polishing up your resume. The chair of the company’s board recently let it slip that he thinks the firm could stand to lose almost all of its employees.

During a recent appearance on CNBC’s “Squawk on the Street,” Keith Rabois, a former member of the PayPal Mafia, told a reporter that he felt that the majority of the people at his company were expendable. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois remarked. He added that “the advent of AI and other technologies” made the workforce reduction a “simple problem” to solve.

Rabois’ apparent disinterest in maintaining a majority of Opendoor’s workforce is somewhat humorous given how well the company’s been doing lately. Indeed, the company’s stock is up 500 percent this year. That said, the stock performance appears to largely be the result of a wave of retail investors becoming interested in the firm due to online advice spread by a hedge fund manager. As a result, the company has been dubbed a “meme stock,” which Rabois disputes.

It’s unclear whether Rabois’s ruthless comment was just an effort to inspire confidence in the profitability of the company. After all, if you fire almost everybody at a firm, there’s a much bigger chance you’ll turn a profit.

The stock soared this week, but other developments also helped buoy investor confidence—namely, the appointment of former Shopify executive Kaz Nejatian as its new CEO. CNBC notes that “investor” pressure had spurred the exit of former Opendoor CEO Carrie Wheeler. On Thursday, the company’s stock rose a whopping 78 percent, before dipping down 13 percent on Friday, the outlet notes.

Rabois had more to say about his efforts to transform the online real estate platform: “The culture was broken,” he said, of the firm’s previous management. “These people were working remotely. That doesn’t work. This company was founded on the principle of innovation and working together in person. We’re going to return to our roots.”

Rabois also took the opportunity to dunk on the company’s diversity, equity, and inclusion initiatives, noting that, under its previous leadership, the firm had gone “down this DEI path,” and that Rabois intended to “fix all that.” Gizmodo reached out to Opendoor for more information about its apparent plan to upend its workforce.



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Trump’s Stalled CFTC Chair Nominee Takes Feud With Winklevoss Twins Public

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In brief

  • Brian Quintenz, President Trump’s nominee to head the CFTC, publicly released screenshots of purported Signal messages with Gemini founders Tyler and Cameron Winklevoss.
  • Quintenz claimed that they tried to derail his nomination after he wouldn’t commit to their demands regarding CFTC reform.
  • According to Quintenz, the Winklevoss brothers threatened to contact President Trump directly about the matter, and his Senate confirmation vote was subsequently pulled at the White House’s request.

Brian Quintenz, President Donald Trump’s long-stalled pick to head the CFTC, escalated a spat with Gemini founders Tyler and Cameron Winklevoss Wednesday, publicly posting what he said were screenshots of conversations with the twin crypto entrepreneurs regarding their reported attempts to derail his nomination.

The images show what appears to be a text conversation on messaging app Signal between Quintenz and the Winklevosses on July 24. Decrypt reached out to a Gemini representative to confirm the accuracy of the screenshots, but did not immediately receive a response. 

In the conversation, the Winklevoss brothers grill the nominee over his reaction to, and enthusiasm regarding, a complaint filed by their crypto exchange Gemini in June over how the CFTC handled an investigation and eventual lawsuit against the company.

I’ve never been inclined to release private messages. But in light of my support for the President and belief that he might have been misled, I’ve posted here the messages that include the questions Tyler Winklevoss asked me pertaining to their prior litigation with the CFTC.

I… pic.twitter.com/MN75M1XUpT

— Brian Quintenz (@BrianQuintenz) September 10, 2025

In 2022, the regulator sued Gemini for making “material false or misleading statements” to regulators years prior about its Bitcoin offerings. Gemini ultimately settled the suit this January, paying $5 million without admitting or denying any wrongdoing.

In the text conversation with Quintenz, the Winklevosses appear to take issue with Quintenz’s excitement about their complaint, and flexed their closeness with the president. 

“Our complaint raises serious questions and concerns about the culture of the agency that you are about to chair and its overall fitness on the eve of it being contemplated as a major regulator for the crypto industry,” Tyler wrote, according to the screenshots. “Cultural reform, which includes rectifying what happened to us, should be the highest priority.”



Per the texts, Tyler went on to quiz Quintenz about his commitment to that goal, and said he was potentially going to reach out to “the president himself” to discuss the matter.

“I believe these texts make it clear what they were after from me, and what I refused to promise,” Quintenz wrote today on X. “It’s my understanding that after this exchange they contacted the president and asked that my confirmation be paused for reasons other than what is reflected in these texts.”

Quintenz went on to emphasize his closeness with Trump and his commitment to supporting his agenda.

The CFTC nominee, who currently heads global policy at venture capital giant Andreessen Horowitz, previously served as a CFTC commissioner during the first Trump administration. Trump nominated him to chair the committee in February, but his confirmation has stalled for months. Days after the texts described above were reportedly exchanged, a Senate committee pulled a vote on Quintenz’s nomination, at the request of the White House.

In the weeks following the botched vote, top crypto lobbying groups urged the president to stand by his nomination of Quintenz, who is widely expected to treat the industry favorably at a crucial moment for its interaction with the CFTC.

Pending crypto market structure legislation would give the relatively obscure regulator extensive new powers over the vast majority of the digital asset economy and companies including the Winklevoss’ Gemini, which plans to go public on Wall Street later this week.

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Prospective CFTC Chair Releases Private Texts With Winklevoss Twins
Crypto Trends

Prospective CFTC Chair Releases Private Texts With Winklevoss Twins

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Brian Quintenz, US President Donald Trump’s pick to chair the US Commodity Futures Trading Commission (CFTC), has made public several texts between himself and Gemini co-founders Cameron and Tyler Winklevoss, suggesting reasons why the brothers may have attempted to interfere with his nomination to the agency.

In a Wednesday X post, Quintenz said he had released the texts over concerns that Trump “might have been misled” by the Gemini co-founders. The chain appeared to show Tyler Winklevoss sending Quintenz information on Gemini’s civil case with the CFTC, settled with a $5 million fine in January.

“The CFTC totally abused the deliberative process privilege amongst many other abuses to prevent us from even be [sic] able to defend ourselves fairly in court,” Winklevoss texted to Quintenz on July 25.

Source: Brian Quintenz

According to the prospective CFTC chair, the brothers were looking for certain assurances regarding what they called the agency’s “lawfare trophy hunting,” which he said he wasn’t willing to provide.

Related: CFTC pressured to probe nominee Brian Quintenz over ties to Kalshi

“I believe these texts make it clear what they were after from me, and what I refused to promise,” said Quintenz. “It’s my understanding that after this exchange they contacted the President and asked that my confirmation be paused for reasons other than what is reflected in these texts.”

Cointelegraph reached out to a Gemini spokesperson for comment, but had not received a response at the time of publication.

Senate vote on Quintenz still pending

The texts came just a few days before reports suggested that the Gemini co-founders contacted the White House and asked Trump to reconsider Quintenz’s nomination.

Lawmakers in the Senate Agriculture Committee had been scheduled to question Quintenz in July before the chamber broke for a month-long recess, but delayed the event due to a request from the White House.

The release of the texts comes less than 48 hours before Gemini is expected to begin its initial public offering on Friday. The company is aiming for a $3 billion valuation as part of the offering, but it’s unclear how this information from Quintenz could impact investors.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?



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Why Your Office Chair Should Have Lumbar Support
Product Reviews

Why Your Office Chair Should Have Lumbar Support

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I also spoke to John Gallucci, a licensed physical therapist and athletic trainer who specializes in treating symptoms from poor office posture, and he confirmed much of what Egbert said. Closed case, right? Well, it’s certainly not just marketing speak so that office chair manufacturers can charge you extra. But there are some important factors to consider.

Not All Lumbar Support Is Equal

Gallucci was quick to point out the benefits of lumbar support, but he also issued some warnings about how to proceed. Turns out, not all lumbar support is equal. “The most important thing to look for in a chair is ergonomic adjustability,” he says, referencing the need for adjustable lumbar support. “A good chair should support your posture for long periods without causing discomfort or fatigue. That means it should allow you to adjust the seat height, seat pan depth, armrests, lumbar support, and backrest tilt.”

Chairs with fixed lumbar support mean it isn’t adjustable to your body. Lumbar support and adjustments come in different forms these days. For example, some chairs have lumbar height adjustment but not depth, also known as “two-way” adjustment. Some use a dial for adjustment, and others use a ratchet or lever system. Other chairs let you adjust the entire backrest to find the right position, and some cheaper chairs resort to just a simple pad that can be manually moved. These can, in theory, all be good solutions, so long as you’re able to find the right position.

“That curve has to be adjustable as to where it is,” Egbert says. “My butt might be lower than your butt, and you want it to match where that curve in your lower back is. You want to be able to slide it up and down.”

A good example of an ergonomic chair with “two-way” lumbar adjustment is the Branch Ergonomic Chair Pro. We’ve tested dozens of chairs, and this excellent lumbar support is one of the reasons WIRED’s office chair reviewer, Julian Chokkattu, found it so comfortable. It also doesn’t cost over a thousand dollars like so many high-end office chairs.

If you aren’t ready to shell out $500 on an ergonomic chair, that doesn’t mean you have to be doomed to lower back pain. Some DIY solutions can even be better than a chair with inadequate lumbar adjustment. We’ve even tested some add-on lumbar cushions that we like, such as this LoveHome model you can find on Amazon.

When it comes down to it, though, lumbar support isn’t the first thing to tackle when setting up your workspace. If you’re sitting at an old desk working from only a laptop, lumbar support is never going to solve your posture issues. Fix that first, with either a laptop stand or a height-adjustable monitor.

After that, yes, lumbar support is a good thing. It needs to be adjustable and well-implemented, but it’s something you’ll want to make sure is available on your next office chair. If you’re sitting for eight hours a day, your back deserves it.

Branch

Ergonomic Chair Pro



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Elon Musk’s Lawyer To Chair $200M Dogecoin Treasury Plan: Report
Crypto Trends

Elon Musk’s Lawyer to Chair $200M Dogecoin Treasury Plan: Report

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Elon Musk, the billionaire tech mogul, is once again making headlines through his inner circle. His personal lawyer, Alex Spiro, is listed as chairman of a new Dogecoin digital asset treasury (DAT) aiming to raise at least $200 million, Fortune reported on Friday, citing anonymous sources.

According to the report, investors are already receiving pitches for the Dogecoin treasury company, which plans to invest directly in the token. However, the exact timeline for the launch remains unclear. The House of Doge, the organization tied to the memecoin Dogecoin, has not yet commented on this.

Spiro, known for representing celebrity clients like Jay-Z and Alec Baldwin, is now stepping into crypto leadership. His involvement adds weight to Dogecoin’s growing push into mainstream finance.

DATs, or digital asset treasuries, have become one of the hottest trends in crypto. Several Nasdaq-listed firms have recently transformed into token-accumulating companies, backing assets such as Solana, SUI, Toncoin, and World Liberty Financial’s WLFI governance token.

Dogecoin Market Update

As of writing, Dogecoin was down 2%, trading at $0.2761 with a market cap of $32.81 billion, according to CoinMarketCap. Despite the dip, the memecoin still enjoys huge community support.

The biggest DAT to date is Michael Saylor’s Strategy, holding nearly $70 billion worth of Bitcoin. Inspired by this model, Bit Origin also announced plans in July to build a corporate Dogecoin treasury with $500 million in funding.

Musk, Dogecoin’s most famous supporter, recently said that “fiat is hopeless,” reinforcing his belief in digital assets.

Also Read: Musk Says Fiat Hopeless; His America Party Supports Bitcoin



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FED Chair Jerome Powell Hints at September Rate Cut – Top 3 Cryptos to Buy Now
GameFi Guides

Best Crypto to Buy Now as FED Chair Jerome Powell Hints at September Rate Cut

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

FED Chair Jerome Powell spoke at Jackson Hole on August 22, addressing rate cuts, inflation, and the labor market.

Powell’s Friday appearance turned out to be a bonanza for intraday stock traders and crypto investors, as both the NASDAQ and major cryptos surged after he hinted at a possible September rate cut.

Powell noted that the balance of risks is shifting in the U.S. economy. While inflation remains a concern for the Fed, the latest labor market data is now a bigger worry.

Job growth, for instance, has slowed dramatically: from 168,000 new jobs in 2024 to just 35,000 in the latest figures. At the same time, unemployment has held steady at 4.2%.

This slowdown is partly due to reduced demand and supply in the job market, temporarily influenced by weaker immigration flows.

Powell warned that the labor market remains in a delicate position, and a wave of layoffs could make conditions worse.

Read on as we unpack Powell’s September rate cut hint, what’s driving it, and how you can ride the brewing risk-on sentiment among investors by loading up on the best cryptos to buy now.

Powell’s Rate Cut Hint Could Spark the Next Crypto Rally

Inflation is still around 2.6% to 2.9% above the Fed’s 2% target, largely due to Trump’s tariffs, which are expected to gradually push prices higher.

However, the Federal Reserve views this as a one-time bump rather than the start of an inflation spiral.

Speaking on interest rates, Powell noted that current levels are now closer to neutral – a zone that neither slows nor boosts the economy – and described the Fed’s stance as a little restrictive.

He added that while there’s room for a rate cut, the Fed intends to move carefully based on incoming data.

Here’s the kicker now: although Powell didn’t commit to a September cut, he admitted it’s certainly a possibility.

Wall Street celebrated the remarks, with the NASDAQ surging 1.39% in just 15 minutes. Crypto markets also rallied, as Bitcoin climbed 4%, once again crossing the $115K mark.

Traditionally, rate cuts are bullish for risk-on assets like crypto. Why? Because cheaper borrowing often pushes investors toward alternative ‘high-risk, high-reward’ investments like cryptocurrencies.

That’s why the prospect of a September rate cut is being viewed as a potential major catalyst for another broad-based altcoin rally.

If you’re looking to cash in on this opportunity, now may be the best time to scoop up promising low-cap, high-upside.

To help you out, here are our top picks for the next cryptos to explode.

1. Bitcoin Hyper ($HYPER) – Next-Gen Bitcoin L2 Bringing Fast Transactions & Web3 Compatibility

Bitcoin Hyper ($HYPER) is the world’s first Bitcoin Layer 2 solution that brings Solana-like speed and scalability to the Bitcoin blockchain.

Despite being the biggest cryptocurrency in the industry, Bitcoin has long struggled with slow transactions, increasing traffic, and zero Web3 compatibility.

$HYPER aims to fix this through the Solana Virtual Machine (SVM) integration, which allows developers to execute smart contracts and build dApps on the Bitcoin network – something that was never possible before.

At the heart of this ecosystem overhaul is a non-custodial, decentralized canonical bridge. In plain English, it locks up your Layer 1 $BTC and mints an equivalent amount of Layer 2 $BTC tokens.

These L2 tokens can then be used for Web3 interactions, including staking, lending, swapping, NFT transactions, DeFi trading, and much more. Once you’re done, simply use the bridge to swap back your L2 tokens for L1 Bitcoin.

The $HYPER presale has already gained strong traction, raising $11.53M so far.

Even better, this includes sizable institutional investments, with whale purchases of $75K, $54K, $38K, $19.6K, and $13.2K, underscoring big-money interest in the project.

Currently priced at just $0.012785 apiece, our $HYPER price prediction suggests it could surge to $0.32 by the end of 2025, delivering a potential 2,400% return.

Want in on the project? Here’s a step-by-step guide on how to buy $HYPER.

For more information, visit Bitcoin Hyper’s official website.

2. Best Wallet Token ($BEST) – Native Cryptocurrency of a Privacy-First and User-Friendly Crypto Wallet

Best Wallet Token ($BEST) is the in-house cryptocurrency of Best Wallet – a multi-chain, non-custodial crypto wallet built with a focus on user security.

Here, you hold the private keys, leaving no room for foul play by malicious third parties. On top of that, the app uses Fireblocks MPC security tech, biometric logins, and scam protection to keep your funds safe.

One of the most exciting features, though, is the Presale Aggregator section, which helps you load up on the best new meme coins in presale before they hit the mainstream.

Plus, being a multi-chain wallet, Best Wallet already supports Bitcoin, Ethereum, Polygon, and BNB Smart Chain, with 50 more blockchains coming soon.

This means you won’t have to jump between multiple wallets to manage your crypto portfolio – everything is accessible from one easy-to-use interface.

Why buy $BEST?

  • According to our $BEST price prediction, the token could hit $0.62 by 2026, delivering a potential 2,500% return.
  • Reduced trading and gas fees on the platform
  • Staking rewards, currently yielding 89%
  • Early access to the best crypto presales
  • Voting rights on key project decisions

The $BEST presale has been a massive success, to say the least, having already raised over $15M from early investors.

Currently priced at just $0.025515 per token, the next price increase is only a few hours away, so this could be your last chance to grab it this low.

Check out Best Wallet Token’s official website for more information.

3. Bertram The Pomeranian ($BERT) – A Philanthropic Meme Coin Eyeing New All-Time Highs

Bertram The Pomeranian ($BERT) is a Solana meme coin that goes beyond being just another character-driven hype asset.

Inspired by Bertram, a famous Pomeranian dog influencer with millions of followers, $BERT is tied to a noble mission of global pet care through WOOFHub.

WOOFHub, by the way, is an AI-powered startup dedicated to raising awareness about dog shelters, enabling real-time adoption alerts, and helping with lost pet tracking.

It also sells NFC-enabled smart dog collars, allowing owners to keep tabs on their pets’ locations at all times.

It’s worth noting that the project has already donated over 5 tonnes of dog food worldwide, further reinforcing its socially conscious mission.

On the market side, $BERT recently hit a $70M market cap after surging 40% in the past seven days. And it’s now trading at around $0.07095.

Its recent listing on BloFin injected fresh liquidity, fueling an 61% spike in trading volume within the last 24 hours alone.

Combined with strong technicals, including a robust MACD histogram and neatly stacked, fanning EMAs, $BERT looks poised to extend its parabolic bull run in the weeks ahead.

Conclusion

Fed Chair Jerome Powell has delivered positive signals for the U.S. economy, from slowing inflation and historically low unemployment rates to a relatively neutral stance on interest rates.

Most notably, he hinted at the possibility of an interest rate cut in September, which helped propel both the NASDAQ and crypto markets higher.

If you want to ride this bull run, utility-driven tokens like Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and $BERT could be among your best bets.

That said, remember that crypto markets are highly volatile and subject to significant risks. Always do your own research before investing. This article is not financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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SEC Chair Atkins reaffirms promise to end ambiguity in crypto regulation.      
Crypto Trends

‘Very few cryptocurrencies are securities:’ SEC Chair Paul Atkins

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SEC Chairman Paul Atkins recently clarified that only a very small number of cryptocurrencies qualify as securities.

Summary

  • SEC Chairman Paul Atkins has clarified that only a very small number of cryptocurrencies qualify as securities.
  • The approach marks a significant shift from former Chair Gary Gensler’s stricter stance and anti-industry policies.

During his speech at the Wyoming Blockchain Symposium 2025, U.S. Securities and Exchange Commission Chairman Paul Atkins commented on the classification of cryptocurrencies, saying most tokens are not securities.

According to him, whether a cryptocurrency is considered a security depends on how it is “packaged and sold,” rather than its inherent characteristics.

“Just the token itself is not necessarily a security, and probably not,” he said, “There are very few, in my view, tokens that are securities, but it depends on what’s the package around it and how that’s being sold.”

Atkins’ remarks represent a significant shift from the approach adopted by former SEC Chair Gary Gensler, who classified the majority of crypto assets under U.S. securities law. Gensler’s stance led to widespread enforcement actions against the industry, creating a hostile regulatory environment.

Since his appointment in April, Atkins has consistently stressed that the industry deserves regulatory clarity, adopting a more welcoming and non-hostile approach to regulations. His latest remarks also build on broader positive regulatory developments in recent months, including the formation of a new pro-industry initiative called “Project Crypto.”

What is Project Crypto?

Earlier in July, Atkins announced the launch of ‘Project Crypto’ by the SEC. The project aims to create clear rules for crypto distributions, custody, and trading, providing businesses with guidance on token offerings and overall operations. 

While final regulations are still being developed, Atkins said the SEC would consider using interpretative, exemptive, and other authorities to ensure that outdated rules do not stifle innovation.

The efforts come as the Trump administration continues to push to maintain the United States’ dominance in global digital asset markets, with a separate Working Group on Digital Assets also calling for a unified framework that promotes innovation. The U.S. House also recently passed three landmark bills relating to the industry, including the GENIUS Act, the first official federal framework for stablecoins.

Atkins added recently that the SEC is also focused on protecting the industry from future challenges such as regulatory overreach or unfair enforcement, highlighting the need for rules that are clear, adaptable, and capable of supporting innovation over the long term.

“We must craft a framework that future proofs the crypto markets against regulatory mischief. I look forward to working with my counterparts across the Administration and Congress to get the job done,” he wrote.



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Nothing Beats Our Editors' Favorite Office Chair, and It’s on Sale Now
Product Reviews

Nothing Beats Our Editors’ Favorite Office Chair, and It’s on Sale Now

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Office chairs can be surprisingly expensive, easily breaking $1,000 for a seaworthy seat. The Branch Ergonomic Chair Pro, with a list price of just $500, beat out a number of expensive seats from some very recognizable chair makers to earn the top spot on our office chair roundup. For labor day, Branch is offering 10% off when you use code LABORDAY on the base price of the chair, as well as any accessories you might want to add on, plus free shipping, so you can build the ultimate home office.

  • Photograph: Julian Chokkattu

  • Photograph: Julian Chokkattu

  • Photograph: Julian Chokkattu

  • Courtesy of Branch

Branch

Ergonomic Chair Pro

Unlike some other less expensive chairs, the Ergonomic Chair Pro features an absolute raft of adjustment options. Take the armrests, for example, which have vertical, forward and back, and angular adjustments, or the seat depth, which has both depth and tilt options, and of course there’s an adjustable lumbar support.

Branch doesn’t cut corners on materials, with a powder-coated aluminum base and casters that roll smoothly on hardwood floors. There are fabric, real leather, and vegan leather options in a variety of neutral or natural colors, another option typically reserved for chairs more than twice the price.

There are a variety of discounted accessories that might put some wind in your sails. Our editor thought the headrest was a bit unnecessary, but as a 6’4″ person, appreciated the tall cylinder to sit a little higher on the waves. Whichever route you choose to navigate, you’ll save a bit of cash, which is always great when you’re picking up an expensive new piece of furniture.

Ready to keelhaul your current bridge? Branch is offering an extra five percent, for a total 15% discount, if you also pick up a desk to go with your new chair. The Branch Four Leg Standing Desk is our editors’ favorite standing desk, with an elegant, understated design and a variety of options for its rounded plywood tops. Accessories for the desk are marked down as well, although I didn’t see anything particularly exciting or unique there.

The discounts on Branch’s chairs, desks, and accessories, as well as the additional bundle discount, are already live and run until September 5th. The website says to use the promo code LABORDAY, but I saw the discounts automatically displayed on items as I browsed the site. Just make sure you see the free shipping and discounted price when you check out.



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