AGP Executive Report
Last update: 5 hours agoWashington Watch: Democrats’ midterm sweep puts crypto policy in the crosshairs, with incoming lawmakers preparing probes of Trump-linked ventures, including World Liberty Financial, and a tougher fight over market rules. Crypto PACs spent about $170 million, but some major bets failed. Market Moves: Bitcoin and other tokens swung around the election, with political uncertainty and ETF outflows weighing on sentiment before a rebound. Exchange Security: Binance says it has replenished about 98% of assets after a reported $6.3 billion breach; investigators say attackers used fake job interviews to target staff. The incident has renewed scrutiny of exchange safeguards, as Coinbase says more than 99% of customer assets are held in cold storage. Consumer Protection: California ordered crypto ATM operator CoinFlip to pay more than $4.8 million to scam victims and return excessive fees, underscoring growing pressure on crypto firms to protect customers.
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