In the ever-evolving landscape of cryptocurrency, Bitcoin (BTC) has long been analyzed through the lens of its historical four-year cycle, characterized by periods of robust price increases followed by significant corrections. Recently, however, Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has sparked debate regarding the validity of this cycle in light of new
Regulation
As technology continues to evolve, so too must the systems that govern our financial markets. The advent of blockchain technology and tokenized securities represents a significant shift that promises to democratize investing and broaden participation in capital markets. In an op-ed published by Vlad Tenev, CEO of Robinhood, he emphasizes the urgency for U.S. regulators
In an era where digital transformation has permeated every facet of our economy, the role of regulatory bodies is more crucial than ever. The Commodity Futures Trading Commission (CFTC), under the leadership of Acting Chairman Caroline Pham, is positioning itself to navigate these uncharted waters through a proactive approach. Pham has announced a series of
In a significant move indicative of its expanding role in the ever-evolving cryptocurrency landscape, Ripple has recently attained two Money Transmitter Licenses (MTLs) in the vital financial markets of New York and Texas. These licenses represent a crucial addition to Ripple’s operational framework, elevating the total count of MTLs in the United States to an
In a significant move toward modernizing its financial architecture, Taiwan’s Financial Supervisory Commission (FSC) has announced a plan to allow commercial banks to issue stablecoins. This strategic decision is embedded within a broader regulatory framework for virtual asset service providers (VASPs), with a draft bill anticipated to be unveiled by June. The FSC’s initiative signifies
The United States Securities and Exchange Commission (SEC) has recently taken a pivotal step in reshaping the regulatory landscape for cryptocurrency custody services by introducing Staff Accounting Bulletin (SAB) 122 to replace its predecessor, SAB 121. This change comes on the heels of the previous policy’s widespread criticism regarding its implications for the digital asset
In a pivotal move for the future of digital assets in America, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the newly formed Senate Banking Subcommittee on Digital Assets. Announced on January 23, this development signifies a crucial step forward in creating a comprehensive regulatory framework for blockchain technology and cryptocurrencies.
The ongoing legal proceedings against Roman Storm, the co-founder of Tornado Cash, represent a troubling intersection of privacy rights and regulatory overreach in the cryptocurrency space. In his statement made on January 22 via social media, Storm described his prosecution as a “terrifying criminalization of privacy.” Tornado Cash, a non-custodial privacy protocol, allows users to
In a pivotal move for the cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has announced the establishment of a specialized task force specifically focused on the regulation of crypto assets. This initiative, led by Commissioner Hester Peirce, known colloquially as “Crypto Mom” for her advocacy of blockchain technologies, represents a significant shift in
The recent changes in leadership at the U.S. Securities and Exchange Commission (SEC) are poised to significantly impact the regulatory landscape, particularly concerning digital assets. Mark Uyeda’s appointment as the acting chair of the SEC signifies a potential shift toward a more accommodating regulatory approach, especially in the realm of cryptocurrencies, NFTs, and other digital
