Former Solicitor General Donald B. Verrilli, now serving as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. Verrilli, along with Paul Clement, highlighted bipartisan concerns about the regulatory environment for digital assets. In a joint amicus brief filed on behalf of Custodia Bank, they criticized
Regulation
The Financial Supervisory Service (FSS) in South Korea is taking steps to tighten oversight of cryptocurrency trading platforms in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to regulate the crypto industry and protect investors. New Monitoring System One of the key measures announced by the FSS is the
Galaxy Digital CEO Mike Novogratz has shared his optimistic outlook on the regulatory environment for cryptocurrencies in the US. He emphasized the importance of bipartisan support, stating that crypto should not be a partisan issue. Despite some opposition from lawmakers like Senator Elizabeth Warren, Novogratz believes that the majority of US politicians are leaning towards
Billionaire investor Mark Cuban recently highlighted the challenges faced by token-based companies when it comes to registering with the US Securities and Exchange Commission (SEC). Cuban’s concerns stem from SEC Commissioner Mark Uyeda’s acknowledgement that the current approach to crypto disclosure filings is “problematic.” The existing Form S-1, which is required for companies to offer
Silvergate Capital recently made headlines for settling with the SEC for a substantial $50 million, following allegations of misleading investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The company’s assurances aimed to disprove claims that FTX utilized Silvergate accounts to carry out fraudulent activities.
VanEck’s Head of Digital Assets Research, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal hinges on the outcome of the US Presidential elections. The deadline for VanEck’s application is March 2025, which falls well after the elections in November. Sigel’s response of “Can confirm” has sparked speculation regarding the company’s betting on
The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), the “Sand Dollar,” by providing access through commercial banks. Central Bank of The Bahamas Governor, John Rolle, has announced plans to establish regulations within two years. The intention is for all commercial banks to eventually offer their clients access
Circle, a prominent player in the cryptocurrency space, made headlines on July 1 when it announced that it had secured an e-money license from France. This significant development positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The e-money license, granted by the Autorité de Contrôle
Vitalik Buterin, the renowned co-founder of Ethereum, recently expressed his concerns about the current state of cryptocurrency regulation, especially in the United States. He pointed out a regulatory paradox where projects with vague promises and unclear potential are given more freedom to operate, while those that provide transparent information and define investor rights are classified
The landscape of digital finance is constantly evolving, with the emergence of crypto assets presenting new challenges and opportunities for regulators across the globe. The European Union has taken proactive steps with the Markets in Crypto-Assets regulation (MiCAR) to establish a harmonized framework for crypto-asset services. However, there is a critical gap in the regulatory
