In a significant development for the financial landscape, Taiwan’s Financial Supervisory Commission (FSC) is gearing up to issue a draft bill aimed at regulating stablecoins. This initiative reflects the country’s strategic vision to weave cryptocurrency into the fabric of its traditional banking system. Scheduled for release in June, the proposal marks a pivotal step in
Regulation
The landscape of cryptocurrency regulation has undergone a pivotal transformation with the introduction of Staff Accounting Bulletin (SAB) 122 by the U.S. Securities and Exchange Commission (SEC). This development marks a departure from the controversial SAB 121, which faced substantial criticism for its adverse impact on the emerging crypto custody landscape. Announced on January 23,
On January 23, a significant development emerged from the Senate as Senator Cynthia Lummis of Wyoming was appointed the inaugural chair of the newly formed Senate Banking Subcommittee on Digital Assets. This innovative move, spearheaded by Senate Banking Committee Chair Tim Scott from South Carolina, places a notable figure in charge of the U.S. regulatory
In an era where privacy is increasingly under siege, the prosecution of Roman Storm, co-founder of Tornado Cash, has raised critical questions about the implications of criminalizing software development. Tornado Cash, a non-custodial privacy protocol, facilitates private transactions in the cryptocurrency space through its open-source code. Storm’s assertion, made via an X post on January
On January 21, 2023, the U.S. Securities and Exchange Commission (SEC) took a significant step toward addressing the complexities of the cryptocurrency landscape by announcing the establishment of a dedicated crypto task force. Spearheaded by Commissioner Hester Peirce, affectionately known as “Crypto Mom” for her pro-innovation stance, this initiative represents a profound shift in regulatory
On January 20, 2025, a significant transition took place at the U.S. Securities and Exchange Commission (SEC) when Commissioner Mark Uyeda was appointed as the acting chair. This appointment came in the wake of Gary Gensler’s official resignation, which was announced alongside a statement from the SEC. Uyeda, now set to lead the commission until
Recent developments within the Commodity Futures Trading Commission (CFTC) highlight a significant shift in leadership as President Donald Trump reportedly selects Caroline Pham to occupy the position of acting chair. This decision, revealed by Bloomberg News on January 20, reflects a strategic maneuver to maintain regulatory continuity while ushering in new leadership. Pham, who previously
As Europe gears up for a monumental shift in cryptocurrency regulation with the implementation of the Markets in Crypto-Assets Regulation (MiCA), the entire digital asset landscape finds itself at a critical juncture. This sweeping legislative framework promises to establish standardized protocols around transparency, anti-money laundering (AML), and consumer protection, aiming to create a more trustworthy
On January 16, 2025, Nasdaq made a significant move by filing a Form 19b-4 to list and trade a spot exchange-traded fund (ETF) for Litecoin (LTC), initiated by Canary Capital. This filing marks a crucial step in the world of cryptocurrency, spotlighting Litecoin as a frontrunner in the push for regulatory acknowledgment of altcoin ETFs.
The legal clash between Ripple and the United States Securities and Exchange Commission (SEC) has taken another turn, as the SEC has recently filed its opening brief to contest a ruling that favored Ripple. The case, which began in late 2020, highlights the regulatory challenges and complexities surrounding cryptocurrencies, particularly the classification of digital assets
