Your essential source for crypto regulation news, legal developments, and policy analysis affecting the cryptocurrency industry.
Regulation
In a notable shift in its strategy toward the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has reassigned Jorge Tenreiro, its top crypto litigator, along with another senior lawyer involved in developing controversial accounting guidance. The move, announced last week, comes as the agency pivots from aggressive
Regulation
In a recent joint press conference in Washington, DC, David Sacks—President Trump’s newly appointed crypto czar—detailed a broad pro-crypto agenda for the new administration. Sacks revealed that assessing the feasibility of including bitcoin as a reserve asset in a proposed U.S. sovereign wealth fund is among
Regulation
Hong Kong's Securities and Futures Commission (SFC) is planning to significantly expand its team dedicated to cryptocurrency regulation, reflecting the region's ongoing efforts to establish itself as a major crypto hub. The proposed increase in staffing comes as part of the SFC's budget plan
Regulation
President Donald Trump took a decisive step toward reshaping America’s economic strategy by signing an executive action on Monday that directs officials to create a sovereign wealth fund for the United States. Speaking from the Oval Office, Trump expressed his optimism: “We have tremendous potential.” The new directive places
Regulation
The U.S. Commodity Futures Trading Commission (CFTC) is taking a closer look at Super Bowl-related betting contracts offered by Crypto.com and Kalshi Inc., two prominent players in the digital asset space. The regulator is examining whether these "event contracts," which allow traders to wager on the
Regulation
Russia is tightening its grip on the cryptocurrency mining industry with plans to create a mandatory registry for all mining equipment. This move, announced by the Ministry of Energy, aims to enhance oversight of domestic mining activities and comes alongside the introduction of a new tax reporting system for crypto
Regulation
The U.S. Federal Reserve announced on Thursday that it is maintaining its benchmark federal funds rate within the range of 4.25% to 4.50%, marking the first pause in rate adjustments since September of last year. This decision comes as the central bank acknowledges that while the unemployment
Regulation
Cryptocurrency exchange Crypto.com has announced it will suspend certain stablecoin and staking services in Europe starting January 31, 2025, due to the European Union's Markets in Crypto-Assets (MiCA) regulation. This move affects services related to Tether (USDT), PayPal USD, Pax Dollar, Crypto.com Staked ETH, and Crypto.
Regulation
Coinbase, a leading cryptocurrency exchange, has bolstered its Global Advisory Council by adding four distinguished figures from the political and financial sectors. This strategic move underscores Coinbase’s commitment to navigating the evolving landscape of cryptocurrency regulation and policymaking. The newly appointed members include former Senator Kyrsten Sinema, Chris LaCivita—
Regulation
Arizona has taken a significant step towards potentially becoming the first U.S. state to invest public funds in Bitcoin. The state's Senate Finance Committee approved a bill proposing the creation of a strategic Bitcoin reserve, signaling a growing interest in cryptocurrencies at the state government level. A
Regulation
The U.S. Senate has officially confirmed Scott Bessent as the new Treasury Secretary, succeeding Janet Yellen. The confirmation vote took place on Monday, with 68 senators voting in favor of Bessent against 29 opposition votes. Appointed by President Donald Trump, Bessent is recognized for his strong advocacy of cryptocurrency
Regulation
Cryptocurrency exchange KuCoin has agreed to pay nearly $300 million in fines and forfeitures after pleading guilty to operating an unlicensed money transmitting business in the United States. The plea deal, entered by one of KuCoin's operating entities, Peken Global Ltd., resolves a criminal case and follows a