The establishment of the Solana Policy Institute (SPI) is not just another addition to the long list of advocacy organizations fighting for the rights of decentralized networks; it is a necessary reaction to a rapidly evolving digital economy. Founded on March 31, 2023, by Miller Whitehouse-Levine, former CEO of the DeFi Education Fund, the SPI
Regulation
March 28, 2023, marked a pivotal moment in the landscape of cryptocurrency regulation in the United States, as the Federal Deposit Insurance Corporation (FDIC) unveiled its latest policy revision. By updating its stance on banks engaging in crypto-related activities, the FDIC has effectively turned away from the defensive, almost paranoid policy that characterized the agency’s
In an industry often overshadowed by uncertainty and regulatory scrutiny, Dunamu, the parent company of South Korea’s premier cryptocurrency exchange, UPbit, has made headlines with its remarkable financial results for 2024. The company’s operating profit soared by an impressive 85.1%, amounting to approximately 1.19 trillion won (around $682 million). This meteoric rise is indicative of
South Korea’s recent decision to block access to 17 overseas crypto exchange applications, including major names like KuCoin and MEXC, underscores the urgent need for robust regulatory measures in the cryptocurrency space. As the crypto market swells globally, so too does the risk of financial misconduct—making regulation not just desirable but essential. The action taken
Recent developments from Arizona, Kentucky, and Oklahoma showcase a transformative moment for Bitcoin enthusiasts and investors alike. These states are not just dabbling in cryptocurrency; they are taking concrete steps toward legislative frameworks that support the growth and acceptance of Bitcoin. This trend highlights an inherent shift in policy—one that encourages innovation while safeguarding individual
In a notable transformation, BitMEX co-founder Arthur Hayes has shifted his perspective on Bitcoin (BTC), projecting an imminent surge to $110,000 before any considerable market correction. This new view starkly contrasts his previous outlook, which suggested that Bitcoin might plunge to around $70,000 before reviving. Such pivots in sentiment are not unfamiliar in the volatile
In an effort to redefine the digital financial landscape, Australia is stepping forward with a strategic regulatory framework aimed at the cryptocurrency sector. The Treasury’s recent statement charts a course not only for consumer protection but also for the promotion of innovation within the industry. By mandating that crypto exchanges, custodians, and stablecoin issuers secure
The recent decision by Germany’s Federal Financial Supervisory Authority (BaFin) to reject Ethena Labs’ application to issue asset-referenced tokens under the EU’s Markets in Crypto-Assets Regulation (MiCAR) stands as a chilling reminder of the tightening noose of regulatory scrutiny around the cryptocurrency industry. This rejection not only casts a shadow on Ethena Labs but also
As the world becomes increasingly interconnected yet fragmented, the conversation around digital currencies is gaining momentum. Specifically, the potential advent of the digital euro, advocated strongly by figures such as ECB Chief Economist Philip Lane, is emerging not merely as a monetary innovation but as an essential counterweight to external pressures, particularly from U.S. financial
The North Dakota legislature has recently taken a commendable step toward striking a balance between innovation and consumer protection in the cryptocurrency landscape. By approving House Bill 1447, lawmakers are implementing essential regulations aimed at curbing the rise of fraud linked to crypto ATMs. With a staggering increase in scams involving these machines, it’s deeply
