“Look at the leading lights in this field, in the crypto field just two years ago. A number of them are in jail right now, and I’m not just talking about SBF… there’s been tens of billions of dollars of losses and bankruptcies and so forth,” Gensler said on Thursday. “What innovative field in America survives without having building trust in that field and protecting investors or consumers?”

Harris’s holistic and pragmatic approach to economic reform driven by data and inclusive tent of varied and various viewpoints, will lead to broader national benefits. A thriving middle class is key to sustainable growth, and her plan emphasizes redistributing opportunity by supporting those historically left behind. Her focus on education, workforce training, small business innovation, and the rule of law creates an economy that serves everyone, not just the wealthy elite — a core value of the crypto community. Her commitment to regulatory transparency enhances market stability, crucial for long-term growth. This balanced approach will ensure all Americans benefit from economic prosperity.

By processing data locally on mobile devices, the industry stands to achieve far lower latency, enhanced privacy, and reduced bandwidth usage. This approach is particularly crucial for real-time applications like autonomous vehicles, augmented reality and personalized AI assistants. The edge is where new AI use cases will take off, especially those for personal usage. Not only will powering these programs become more affordable on the edge, but it will also become more reactive and customizable, a win-win for consumers and researchers alike.

So it was fortuitous timing for Trump that his campaign scheduled a stop, later in the week, at the Bitcoin-friendly New York City bar, PubKey. According to the bar’s official X account, Trump bought 50 smash burgers and Diet Cokes for people in attendance, at a total cost of $998.77 including tax and tip, and then paid for it all in bitcoin. Fox News posted a video of the entire scene, leading a sharp-eyed reporter from CryptoSlate to quickly point out that Trump’s role mainly consisted of standing by at the counter while handlers actually performed the transaction, passing smartphones back and forth between them. Whatever. The bar crowd cheered. “Crypto burgers!” Trump said as he handed them out. A voice from behind the camera corrected him, “Bitcoin burgers!”

In September 2024, Galois Capital, a now defunct crypto hedge fund, settled with the SEC for $225,000 over “custody failures” related to safeguarding clients’ crypto assets. While the amount may seem small, the implications for the Registered Investment Advisor (RIA) community, digital asset industry and custodians are significant.

Gary Weinstein, the founder of Infinity Advisory LLC and former state assistant attorney general, said all of the attendees present were in favor of consumer protections and “high-integrity” markets, including Gambaryan. He noted that Gambaryan had been invited by the Nigerian government when he visited in February and was given a “false assurance of safe passage.”

“The real volume of crypto is tied to countries like the U.S. and others,” Gronager said. “The story we are trying to tell you is more like saying crypto users per capita. So basically, how many people using [crypto] within the country. The adoption is, like, who’s holding crypto for the average people in countries. In the U.S., that’s less than it is, for example, in India.”

According to the latest data from Farside Investors, bitcoin {{btc}} exchange-traded funds (ETFs) saw an inflow of $136.0 million on Sept. 24. Leading this surge was BlackRock’s IBIT ETF, which experienced a significant inflow of $98.9 million, marking its largest inflow since Aug. 26. This brings IBIT’s total net inflows to over $21 billion, reinforcing its number one position in the market. Other notable contributors included Fidelity’s FBTC, with $16.8 million in net inflows, and Bitwise’s BITB, which attracted $17.4 million.

The drama around wrapped bitcoin has energized competitors offering alternative versions of the token, including dlcBTC, Threshold’s tBTC and FBTC, which has the support of Mantle Network. And on Sept. 12, Coinbase, the biggest U.S. crypto exchange and a custodian in its own right, debuted its own wrapped bitcoin competitor, cbBTC.