Former SEC Chair Gensler raises concerns over altcoins amid agency's crypto pivot: CNBC Crypto World

Market Trends & Regulatory Landscape - The Federal Reserve cut interest rates by 25 basis points, signaling potential for two more cuts before year-end [1][2] - Senator Elizabeth Warren and other Democrats questioned David Saxs' role and compliance with government employee limits regarding crypto regulation [3][4] - Bullish crypto exchange secured licenses from the New York Department of Financial Services for digital asset trading and custody [6] - Increased acceptance of stablecoins in Washington DC and within the regulated universe is observed [12] Investment & VC Trends - Dragonfly, a $4 billion crypto-focused investment firm, notes increased investment in payments and stablecoin companies [10][11] - Stablecoin and payments deals accounted for nearly 8% of all deals, the highest percentage since 2021 [18] - Amount raised from stablecoin and payments accounted for about 14% of the total amount raised [18] - Institutional adoption of stablecoins is driving VC and investor interest [13][14] Stablecoin Use Cases & Adoption - Cross-border B2B payments are a fast-growing area for stablecoin use, estimated at $100 billion last year [24][25] - Emerging markets are showing increased usage of stablecoin-backed cards and NEO banks [27][28] - Remittance is another key use case, with up to 10% of cross-border peer-to-peer remittance between the US and India happening via stablecoin rails [29] Digital Asset Treasuries (DATs) - There's an acceleration of investing in and interest in digital asset treasury companies [32] - Panta Capital closed more than $500 million in funding to launch a Solana-backed digital asset treasury called Helas [31]