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Elizabeth Warren Demands Crypto Regulation Free from Industry Influence
Senator Elizabeth Warren has renewed her push for tighter cryptocurrency oversight, calling for investor protections and safeguards to prevent financial instability—without influence from the crypto industry itself.
Key Proposals
- Ban lawmakers from trading cryptocurrencies to avoid conflicts of interest and ensure policy decisions are free from personal financial bias.
- Establish stronger “guardrails” to prevent systemic risks from destabilizing the broader economy.
- Expand beyond current bills like the GENIUS Act to create a comprehensive market structure framework.
Preventing Economic Fallout
Warren described existing rules as “weak” and insufficient to handle potential large-scale risks. Her skepticism toward crypto reflects concerns that unregulated digital assets could trigger broader economic disruptions if left unchecked.
Not Just Opposition to Bills
Although Warren previously voted against the GENIUS Act, she refrained from criticizing it in her latest remarks. Instead, she called for additional legislative measures to close regulatory gaps and strengthen oversight.
Trump’s Crypto Earnings Under Scrutiny
- Financial disclosures show Donald Trump earned over $57 million from World Liberty Financial, issuer of USD1.
- Trump denies profiting directly from the token, but critics point to potential conflicts of interest, particularly after his administration approved crypto investments in 401(k) plans—a move analysts warn could expose retirement savings to volatility.
Industry Reaction
Justin Slaughter, VP of Regulatory Affairs at Paradigm, welcomed Warren’s acknowledgment that crypto regulation is necessary. He noted her remarks are shifting from blanket opposition to shaping stronger, more inclusive rules.
Bottom Line:
Warren’s position signals a shift toward structured dialogue on how cryptocurrency fits into the U.S. financial system—emphasizing investor protection, systemic stability, and independence from industry lobbying.
@ Newshounds News™
Source: Coinpedia
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Tether-Backed Rumble Plans $1.17 Billion Northern Data Acquisition Following Bitcoin Mining Division Selloff
Rumble, the video-sharing platform and AI-focused cloud services provider, has announced plans to acquire Northern Data in an all-stock deal valued at approximately $1.17 billion, excluding Northern Data’s bitcoin mining division.
The transaction aims to strengthen Rumble’s position in AI cloud computing and high-performance infrastructure, with major backing from Tether, the world’s largest stablecoin issuer and Northern Data’s majority shareholder.
Deal Structure & Terms
- The proposed offer values Northern Data at roughly €1 billion ($1.17 billion).
- Shareholders of Northern Data would receive 2.319 newly issued Class A Rumble shares for each Northern Data share.
- If all shares are tendered, Northern Data shareholders would own approximately 33.3% of Rumble.
- Tether, holding 54% of Northern Data, would become Rumble’s largest Class A shareholder under the same exchange ratio.
- Tether has committed to a multi-year GPU purchase agreement upon deal closure.
Tether & Rumble’s Strategic Partnership
Tether previously invested $775 million in Rumble in December 2024 to accelerate the platform’s growth as a YouTube alternative with an emphasis on data privacy and global independence.
The combined company is expected to enhance Rumble’s AI leadership capabilities and scale its cloud computing infrastructure worldwide.
Leadership & Governance
- Chris Pavlovski, Rumble’s Chairman and CEO, will retain majority voting control.
- Pavlovski has expressed full support for the acquisition and will vote all of his shares in favor.
- Northern Data has signaled willingness to enter formal discussions regarding the exchange offer.
Financial Performance
Northern Data reported strong H1 2025 growth:
- Revenue: €94.3 million ($109.8 million), up 72% year-over-year.
- Mining Revenue: €53.5 million ($62.3 million), up 49% due to capacity expansion and higher bitcoin prices.
Market Reaction
Following the announcement, Rumble’s stock surged 20% in pre-market trading, reaching $9.48, according to TradingView.
@ Newshounds News™
Source: The Block
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