Recent developments in the financial sector have highlighted significant concerns among key industry stakeholders regarding the regulatory landscape surrounding digital assets in the United States. A coalition of influential financial industry groups has raised alarms about the restrictive federal policies that have hindered U.S. banks from exploring opportunities in the burgeoning digital asset market. In
Regulation
In recent weeks, the landscape for cryptocurrency in the United States has undergone a dramatic shift. With the inauguration of President Trump, American crypto innovators find themselves standing at a pivotal crossroads. Under the latest administration, a series of measures aimed at fostering a supportive environment for crypto development have emerged, contrasting sharply with the
The cryptocurrency market, especially in the realm of stablecoins, is undergoing significant transformations due to changing regulatory environments. Two prominent exchanges, Kraken and Crypto.com, illustrate this shift as they pivot towards developing proprietary stablecoins. This response is particularly pertinent within the European Union, where the implementation of the Markets in Crypto-Assets (MiCA) regulation has heralded
In a landmark development for the cryptocurrency industry, Coinbase has reportedly negotiated an agreement with the U.S. Securities and Exchange Commission (SEC) to dismiss an enforcement case. This comes as Bitcoin’s price experienced a notable surge, surpassing the $99,000 mark. The implications of this settlement extend beyond immediate market reactions, as it sheds light on
The U.S. Securities and Exchange Commission (SEC) is taking a significant step forward in its approach towards the regulation of digital assets and the technology that underpins them. This evolution culminated in the establishment of the Cyber and Emerging Technologies Unit (CETU), which replaces the previous Crypto Assets and Cyber Unit. This strategic decision, announced
In the evolving landscape of digital currencies, legislative bodies are increasingly recognizing the importance of integrating cryptocurrencies into public finance frameworks. On February 18, Pierre Rochard, Vice President of Research at Riot Platforms, offered compelling testimony before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21 (SB 21), a groundbreaking
Hong Kong is taking significant steps in the realm of digital asset regulation with the introduction of the ASPIRe roadmap by its Securities and Futures Commission (SFC). This initiative aims to streamline market entry and enhance investor protections, ensuring greater operational transparency in a rapidly evolving digital asset landscape. As the market is projected to
In an ambitious attempt to tackle government spending inefficiencies, the Elon Musk-led Department of Government Efficiency (DOGE) has turned its spotlight on the U.S. Securities and Exchange Commission (SEC). Announced in a social media post on February 17, DOGE’s initiative seeks to crowdsource insights from the public about potential waste or unethical practices within the
As the crypto markets continue to expand rapidly, the European Securities and Markets Authority (ESMA) recognizes the necessity for higher professional standards within the sector. On February 17, 2023, ESMA initiated a public consultation focused on establishing guidelines that would help assess and ensure the knowledge and competence of professionals involved in crypto-asset service provision.
In the evolving landscape of cryptocurrency, regulatory bodies like the US Securities and Exchange Commission (SEC) are increasingly scrutinizing the mechanisms through which these digital assets operate. A recent meeting on February 5, 2023, between the SEC’s Crypto Task Force and industry leaders has opened a dialogue regarding the potential inclusion of staking within crypto
