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Trump Administration Gets Involved on Crypto

The government shutdown continues, stymieing developments in crypto that require regulators’ approval. Bakkt’s platform for bitcoin futures trading, which was set to launch next week, is being held back by the furlough at the CFTC. There is a silver lining for some crypto market participants, however: A lawyer tells me the shutdown is giving defense attorneys more time to prepare before meeting with SEC agents who are pursuing cases against their clients.

In other news this week, the White House has quietly been getting involved in crypto regulation, which you can read more about below. Plus, crypto index funds’ performance in 2018 was even worse than bitcoin’s.

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