According to a survey by State Street Corporation, 94% of the 101 asset managers and owners with $100 billion-plus portfolios said they either have digital assets under management or are planning to add them in 2020.
On Dec. 9, LedgerX derivatives exchange CEO Paul Chou and his wife Juthica, the COO, were unceremoniously removed by the board of the company they founded. While no explanation was given, the company suffered a huge and embarrassing setback over the summer.
While China and the European Union rush forward on creating a digital currency, the U.S. doesn’t see the need for one in at least the next five years, said Treasury Secretary Steven Mnuchin.
J. Christopher Giancarlo, who resigned from the CFTC earlier this year, has landed at the swanky midtown Manhattan offices of leading law firm Willkie Farr & Gallagher. From his perch as Chairman of the Commodity Futures Trading Commission, Giancarlo was a forceful advocate for American cryptocurrency and blockchain innovation.