As the political landscape evolves following the recent presidential election, the United States Securities and Exchange Commission (SEC) stands on the brink of potential transformation. President-elect Donald Trump is reportedly considering Paul Atkins for the role of SEC Chair, a move that could significantly reshape the Commission’s regulatory approach, particularly toward emerging financial technologies like
Regulation
According to Eric Balchunas, a senior analyst at Bloomberg, the cryptocurrency market is primed for significant changes, particularly with the anticipated approval of several altcoin-related exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Currently, the SEC is considering a whopping 14 ETF applications that will provide investors with exposure to alternative cryptocurrencies,
In an impressive move to modernize its banking infrastructure, Iran is set to introduce the Digital Rial, its own central bank digital currency (CBDC). Announced by Central Bank Governor Mohammad Reza Farzin at the 11th Annual Conference on Modern Banking and Payment Systems, the Digital Rial aims to enhance both domestic and international financial operations.
The landscape of cryptocurrency ownership in the United Kingdom continues to shift, with recent findings from the Financial Conduct Authority (FCA) revealing that 12% of UK adults now own cryptocurrencies, an increase from the previous figure of 10%. This uptick not only reflects enhanced consumer interest but also suggests that digital assets are becoming a
As the cryptocurrency landscape continues to evolve, organizations representing this burgeoning industry are pushing for reform at the highest levels of government. Recently, the Blockchain Association, which serves as a nonprofit advocacy group for crypto and blockchain enterprises in the United States, articulated its concerns and priorities in a letter addressed to President-elect Donald Trump
In a pivotal legal decision on November 21, the US District Court for the Northern District of Texas ruled against the Securities and Exchange Commission’s (SEC) recently implemented dealer rule, marking a significant development in the regulatory landscape of the cryptocurrency sector. The court’s ruling has been hailed as a major victory for crypto advocates
As the US Securities and Exchange Commission (SEC) prepares for a leadership change with Gary Gensler stepping down on January 20, 2025, the financial landscape faces a critical turning point. His resignation coincides with the inauguration of President-elect Donald Trump, symbolizing a potential shift in regulatory philosophy and priorities. Since Gensler took the helm in
In the shifting landscape of American digital finance, the proposed role of a “crypto czar” could herald a transformative era for the country’s approach to cryptocurrency regulation. Recent reports indicate that former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, often dubbed “Crypto Dad,” is the frontrunner for this newly contemplated position. The Trump administration
As the digital landscape grows, so does the need for stable and reliable digital currencies. In response to this emerging demand in the UK, Agant is poised to launch GBPA, a stablecoin pegged to the pound sterling. This pivotal development aims to fill a notable gap in the market for regulated digital currency solutions. With
Jesse Powell, the founder of the well-known cryptocurrency exchange Kraken, has publicly endorsed Brian Brooks, the ex-acting US Comptroller of the Currency, as a prime candidate for the position of Chair of the Securities and Exchange Commission (SEC). Through a post shared on X, Powell articulated a compelling narrative, emphasizing Brooks’ versatile expertise in financial
