News – Archive

Northern Data sold its Bitcoin mining subsidiary Peak Mining for up to $200 million to companies linked to Tether executives. The buyers include entities directed by Tether co-founder Giancarlo Devasini and CEO Paolo Ardoino. This transaction highlights interconnected investments in the crypto sector and raises questions about related-party dealings. Northern Data, the German AI data center operator backed by stablecoin issue…

Sen. Cynthia Lummis (R-Wyo.) has decided not to run for reelection in 2026, ending her Senate term in 2027. As a prominent crypto supporter, her departure represents a loss for the digital assets industry amid ongoing legislative efforts. Rep. Harriet Hageman is reportedly considering a bid for the open seat. U.S. Senator Cynthia Lummis, a key figure in promoting cryptocurrency-friendly policies, announced on December 19, 202…

The US Senate voted 53-43 to confirm Mike Selig as chair of the Commodity Futures Trading Commission (CFTC) and Travis Hill as chair of the Federal Deposit Insurance Corp (FDIC). Both nominees, selected by President Donald Trump, are viewed as supportive of cryptocurrency, with Selig pledging to prioritize digital assets and Hill addressing debanking concerns. The appointments could enhance regulatory clarity for crypto, including ov…