The ongoing dialogue about Bitcoin’s (BTC) classification within global financial markets continues to gain traction, particularly as Cantor Fitzgerald’s CEO, Howard Lutnick, recently urged regulators to consider Bitcoin alongside traditional commodities like gold and oil. During a September 27th interview on Fox Business, Lutnick expressed frustration over the current state of regulation in the burgeoning
Regulation
In September 2023, Mango Markets, a decentralized finance platform, faced serious allegations from the U.S. Securities and Exchange Commission (SEC) for purportedly offering unregistered securities. This scrutiny intensified following a significant security breach in 2022, which led to a loss of approximately $100 million. The controversy surrounding Mango Markets is not an isolated incident but
Cynthia Lummis, the Senator from Wyoming, has stirred the waters of regulatory speculation by suggesting that Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), may step down from his position next year. During a segment on CNBC’s Squawk Box, Lummis reacted to comments about Gensler’s enthusiasm for his role, firmly asserting that
The recent ruling by Judge Katherine Polk Failla in the Southern District of New York marks a crucial moment for the cryptocurrency industry. Delivered on September 26, this decision circumscribes the interpretation of the First Amendment in relation to software code utilized in crypto protocols, notably targeting Tornado Cash. The implications of this judgment are
In a recent dialogue on CNBC’s Squawk Box, the US Securities and Exchange Commission (SEC) Chair Gary Gensler made a significant point about Bitcoin’s classification, affirming that Bitcoin is not deemed a security. This remark aims to clarify the ongoing regulatory discussions that have enveloped the cryptocurrency sector. Gensler indicated that both he and his
The world of cryptocurrency has significantly transformed the way we perceive and conduct financial transactions. While the potential benefits of digital assets are clear, the inherent risks—often exacerbated by a lack of regulation—are equally prominent. Recognizing these dangers, Australia’s financial regulatory body, the Australian Securities and Investments Commission (ASIC), has announced an initiative to impose
As the world of finance undergoes significant transformations driven by technological advancements, the emergence of stablecoins has gained notable attention within regulatory circles. These digital currencies, pegged to stable assets, aim to bridge the gap between traditional finance and blockchain technology. In the U.S., Congresswoman Maxine Waters, a key figure in these discussions, is advocating
Swiss-based Sygnum has made a significant development in its crypto banking operations by securing a license in Liechtenstein. The license, obtained through its local subsidiary Sygnum Europe AG, was recognized by the Financial Market Authority (FMA) of Liechtenstein. This positioning under the Token and Trusted Technology Service Provider Act (TVTG) allows Sygnum to legally provide
The landscape of cryptocurrency and decentralized finance (DeFi) is fraught with uncertainty, particularly for new ventures attempting to capture market attention. Recently, former President Donald Trump announced his involvement with a DeFi project named World Liberty Financial. However, this initiative does not enjoy a free pass from the regulatory challenges plaguing the crypto space in
In recent developments, German authorities have taken significant steps to combat the rising tide of cybercrime linked to cryptocurrency by shutting down 47 exchanges accused of facilitating illegal transactions. This enforcement operation, spearheaded by the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), underscores a growing recognition of the
