Main meals
- The jumping trade expands US encryption operations and increases the number of employees after a period of low presence due to organizational uncertainty.
- The company is famous for projects in Solana Ecosystem, and increases the employment of encryption engineers and politicians in the United States.
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Jump Trading, a famous market maker in Crypto, revives the US Digital Assets Office after a period of reducing its presence in the market due to organizational uncertainty, Coindsk I mentioned Wednesday, quoting sources with knowledge of the matter.
Upon rebuilding the United States encryption team, the company shall forming digital asset trading and seeking to employ encryption engineers, according to the report. They are also planning to establish positions of American policy and government communication to support renewable market activity.
The market-making giant was linked to the most famous codes of encryption in the collapse of the 2022 of Stablecoin Terrausd (UST), which spent $ 40 billion in investor assets, and the ZITX seismic repercussions in the same year.
Tai Mo Chan, a subsidiary of Jump Crypto, which is part of the commercial jump group, is subject to scrutiny because of its alleged hand in the events that separated from Terrausd from its connection. The entity faced investigations from SEC and CFTC.
Late last year, jumping on Pay 123 million dollars To settle the investigation SEC. However, Tae Mo Chan did not recognize any violations.
As for FTX, Jump Trading was the Alpha market maker in Exchange, until its empire collapsed, leaving the company to swallow nearly $ 300 million of losses. It is one of the largest creditors on the stock exchange.
Trading decided to jump to decline in the aftermath of that, and spinning Worm project It greatly reduces the number of employees in the encryption department. However, though, the company maintains its digital processes in trading assets and marketing market across international markets.
Now, as the organizational environment is turned under Trump’s management, jumping sees an opportunity.
Jump Crypto donated a total amount of $ 15 million to Fairshake, Super Pac dedicated to the election of friendly candidates for encryption to Congress, for the 2024 election cycle.
The shareholders from Jump Crypto and other companies such as Coinbase and Ripple have focused on the election of candidates – who do not get the party – who are favorable to the encryption industry.
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