In the United States, the discourse surrounding digital assets, particularly Bitcoin, has gained considerable momentum. A significant voice in this conversation is Senator Cynthia Lummis, who has articulated pertinent concerns regarding the government’s handling of over 69,000 Bitcoins derived from the Silk Road seizure. Her recent letters to federal authorities pertain not only to the
Regulation
The departure of one administration and the arrival of another brings with it an atmosphere of uncertainty and the promise of change, particularly within the financial sector. As President-elect Donald Trump gears up to take office, he is expected to oversee a recalibration of the US Securities and Exchange Commission (SEC). Reportedly, significant adjustments in
The TON Foundation, an initiative closely associated with Telegram, is poised to embark on an ambitious journey towards expansion in the United States. Announced on January 14, this strategic pivot comes on the heels of a successful 2024 and aligns with what many perceive as a promising outlook for cryptocurrency under President-elect Donald Trump. After
Robinhood, a name synonymous with commission-free trading, has recently found itself at the center of legal scrutiny, culminating in a costly settlement. The company has consented to pay a staggering $45 million in civil penalties, following an extensive investigation by the U.S. Securities and Exchange Commission (SEC). This settlement comes as a response to serious
In an era where digital currencies and blockchain technology are rapidly evolving, regulatory bodies are tasked with creating frameworks that can adapt to this fast-paced environment. The recent partnership between the New York Department of Financial Services (NYDFS) and the Bank of England (BOE) ushers in a transformative initiative designed to align regulations governing cryptocurrencies
In a significant development for the cryptocurrency landscape, Tether, a dominant player in the stablecoin arena, is preparing to relocate its global headquarters to El Salvador. This decision follows the acquisition of a Digital Asset Service Provider (DASP) license, marking a strategic pivot that underscores the country’s position as a burgeoning hub for digital innovation.
On January 10, 2023, the Consumer Financial Protection Bureau (CFPB) set forth an ambitious interpretive rule that could significantly reshape the landscape of digital financial transactions by extending the protections of the Electronic Fund Transfer Act (EFTA) to crypto wallets. This proposed rule comes at a time when digital currencies, particularly stablecoins, are surging in
In a revealing address delivered in St. Louis on January 10, Travis Hill, the interim Chair of the Federal Deposit Insurance Corporation (FDIC), articulated significant concerns regarding the treatment of cryptocurrency firms by traditional banking systems. His comments came in the wake of persistent reports that many crypto businesses have found themselves unexpectedly cut off
On January 31, the UK Treasury enacted a significant amendment to the Financial Services and Markets Act 2000 (FSMA), which has far-reaching implications for the cryptocurrency landscape in the UK. This amendment specifically excludes crypto staking from being classified as a collective investment scheme, effectively differentiating it from traditional investment vehicles. This decisive move not
As Gary Gensler prepares to exit his role as Chair of the Securities and Exchange Commission (SEC), his tenure has been marred by palpable tension with the cryptocurrency industry. Crypto stakeholders have voiced mounting criticism toward Gensler, highlighting a pervasive sense of dissatisfaction regarding his stringent regulatory stance. In a recent interview with Bloomberg, Gensler
