In a climate where digital assets are increasingly recognized as significant components of national financial strategy, Senator Cynthia Lummis has taken a bold stance against the proposed liquidation of 69,370 Bitcoins (BTC) related to the Silk Road. Her concerns extend beyond mere numbers; they address the implications of such financial maneuvers on the economic environment
Regulation
As the United States prepares for a transition in its executive leadership, significant changes may also be on the verge within the financial regulatory landscape, particularly concerning cryptocurrencies. Reports suggest that the new administration, with President-elect Donald Trump at the helm, could prompt a substantial rethinking of the Securities and Exchange Commission (SEC) stance on
The TON Foundation, a prominent blockchain initiative affiliated with Telegram, is preparing for an ambitious expansion into the United States, as revealed in a recent announcement. The foundation’s decision to broaden its operations is a direct response to its impressive performance in 2024 and the evolving crypto regulatory landscape, especially under the incoming administration of
In a significant enforcement action, Robinhood has come to terms with a $45 million civil penalty to resolve accusations of securities law violations. This decision, announced on January 13, marks a notable chapter in the ongoing scrutiny surrounding the trading platform, which has sparked conversations regarding compliance and regulatory standards. The settlement emerged from a
The financial landscape is undergoing a transformation with the increasing prominence of digital assets and cryptocurrencies. In a decisive move to navigate the complexities of this evolving market, the New York Department of Financial Services (NYDFS) has forged a partnership with the Bank of England (BOE). Announced on January 13, this collaboration marks the launch
In a significant move that echoes the growing consolidation of cryptocurrency and stablecoin industries, Tether, the world’s foremost stablecoin issuer, has announced plans to shift its headquarters to El Salvador. This decision, announced on January 13, comes on the heels of Tether receiving a Digital Asset Service Provider (DASP) license. The move signals a strategic
On January 10, the Consumer Financial Protection Bureau (CFPB) made headlines by introducing a proposed interpretive rule regarding the Electronic Fund Transfer Act (EFTA). This move is notable as it may extend existing protections to cryptocurrency wallets, potentially requiring these digital platforms to uphold consumer rights amid growing concerns over cyber threats and fraudulent activities.
The regulatory landscape surrounding cryptocurrencies continues to evolve rapidly, capturing the attention of stakeholders from various sectors. A recent speech by Travis Hill, the interim Chair of the Federal Deposit Insurance Corporation (FDIC), in St. Louis has brought to light serious concerns surrounding the treatment of cryptocurrency firms by banking institutions. In his address, Hill
In a groundbreaking move, the UK Treasury has amended the Financial Services and Markets Act 2000 (FSMA), effective January 31, clarifying the status of cryptocurrency staking. This regulatory adjustment is poised to significantly influence how staking activities—such as those associated with Ethereum (ETH) and Solana (SOL)—are perceived from a legal standpoint. The amendment categorically separates
The outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler has come under fire from various stakeholders in the cryptocurrency sphere for what many perceive as a persistently antagonistic stance toward the burgeoning industry. In a recent Bloomberg interview, Gensler rehashed his viewpoints on the crypto market, labeling it as “rife” with unscrupulous actors. This
