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Kennedy’s position, however, is still contingent on congressional approval. Previous HHS leaders have had long careers in the public health field or within the department itself before serving as the head. A Republican-controlled Senate might defer to Trump, or it might point to Kennedy’s aggressive promotion of conspiracy theories, long career as a loyal Democrat, and muddled positions on abortion as reasons to block his accession.

President-elect Trump will soon have the authority to remove the SEC chair, but the process would require cause, and any permanent replacement would need Senate approval. Gensler’s term is scheduled to end in 2026.

Merger activity is heating up in Web3 as companies scramble to expand operations and add additional capabilities.

On Nov. 13, Coinbase bought Utopia Labs in a bid to build out the cryptocurrency exchange’s onchain payments infrastructure.

Merger activity is heating up in Web3 as companies scramble to expand operations and add additional capabilities.

On Nov. 13, Coinbase bought Utopia Labs in a bid to build out the cryptocurrency exchange’s onchain payments infrastructure.

Fireblocks and NongHyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (VAT) and goods and services tax (GST) on purchases at retail outlets. Fireblocks co-founder and CEO Michael Shaulov told Cointelegraph that they are looking to increase transparency and security.

Coinbase has bought Utopia Labs in a bid to build out the cryptocurrency exchange’s on-chain payments infrastructure, Coinbase said on Nov. 13.

Utopia Labs’ team will join Base, Coinbase’s layer 2 scaling network, “to help accelerate our onchain payments roadmap within Coinbase Wallet,” Coinbase said in a blog post.

“There’s a natural flywheel here: Base is supporting developers who build onchain apps, those apps attract users onchain, Wallet onboards those users, and in turn more users incent