DeFI News by Thebittimes.Com

Elon Musk’s personal lawyer Alex Spiro will chair a new public company that plans to raise at least $200 million to create a Dogecoin (DOGE) treasury firm. That’s according to a Fortune report that cited sources familiar with the matter who said the exact launch date and corporate structure of the digital asset treasury company is still unknown. It added that the entity is still in the pitching stage.  But the initiative also has the endorsement of House of Doge, a corporate entity that was launched in early 2025 by the Dogecoin Foundation, the report said.  Despite the news, the DOGE price slid over 1% in the past 24 hours to trade at $0.2174 as of 1:50 a.m. EST in line with a broad pullback that saw the crypto sector’s market cap drop over 2% to around $3.77 trillion. DOGE price chart (Source: CoinMarketCap )  The meme coin has plunged more than 8% in the past week.  Number Of Dogecoin Treasuries Is Slowly Growing Up until now, crypto...

CryptoLaw founder John E. Deaton is clapping back at U.S. Securities and Exchange Commission (SEC) chair Gary Gensler after a proposal from Coinbase to create new crypto-specific rules was rejected. This week, the SEC rejected Coinbase’s 30-page “petition for rulemaking.” Gensler contends that the current securities framework adequately governs crypto asset securities and is actively addressing the crypto securities markets through rulemaking and enforcement.  The SEC’s decision prompted Coinbase to file an immediate court challenge. The company has sought a review from the U.S. Court of Appeals for the Third Circuit, asserting that the SEC’s refusal to engage in rulemaking was arbitrary.  The SEC argues that it is already addressing the crypto securities markets through rulemaking and enforcement actions.  Deaton took issue with Gensler’s comments on social media, accusing the SEC chair of “gas lighting the American people.” @G...