The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump,

The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force "dedicated to developing a comprehensive and clear regulatory framework for crypto assets." The task force's focuses "will be to help the Commission draw clear regulatory lines,

Bitcoin, the world's largest cryptocurrency, approached the previous session's record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector.

The administration of President Donald Trump announced the first significant step towards reducing regulatory pressure on the cryptocurrency industry.

Alexander C. Drylewski, Daniel Michael and Shaud G. Tavakoli of Skadden, Arps, Slate, Meagher & Flom LLP discuss lawsuits against the Securities and Exchange Commission concerning the purchase and sale of crypto assets and a potential shift in enforcement activity with a change in administration.

Daniel Chartraw of South Lake Tahoe, California was recently indicted on wire fraud charges alleging that through his companies Crypto-Pal LLC and TDA Global he

On the heels of its big post-reveal gains, Official Trump now has a market capitalization of roughly $10.4 billion. Melania Trump also debuted her own cryptocurrency yesterday. Official Melania Meme has also seen strong bullish momentum out of the gate and now has a market cap of roughly $1.6 billion.

The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.

As President-elect Donald Trump begins a second term on Monday, he plans to issue an executive order making cryptocurrency a national priority, Bloomberg reports .

Trump is also still expected to issue executive orders that will further promote Bitcoin adoption, Reuters and other media outlets have reported.