Former Solicitor General Donald B. Verrilli, now serving as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. In a joint amicus brief filed with Paul Clement, the former Solicitor General under President George W. Bush, Verrilli highlighted bipartisan concerns about the regulatory environment for digital
Regulation
South Korea’s Financial Supervisory Service (FSS) has announced plans to enhance supervision of cryptocurrency trading platforms within its jurisdiction. The aim is to crack down on fraudulent transactions and protect investors from potential risks in the digital asset market. As part of these efforts, local exchanges will be required to establish a continuous monitoring system
Galaxy Digital CEO Mike Novogratz has made bold predictions regarding the regulatory environment for cryptocurrencies in the US. He believes that regardless of the outcome of the 2024 presidential election, there will be a favorable stance towards cryptocurrencies. Novogratz emphasizes the importance of bipartisan support, stating that it is crucial for both parties to come
Billionaire investor Mark Cuban has recently made a plea to the US Securities and Exchange Commission (SEC) to update Form S-1 in order to streamline the registration process for token-based companies. This call to action comes after SEC Commissioner Mark Uyeda highlighted the challenges faced by crypto issuers when submitting disclosure filings. Uyeda labeled the
Silvergate Capital recently settled with the SEC for $50 million following allegations of misleading investors about the strength of its BSA/AML compliance program. The SEC claimed that Silvergate Capital, its subsidiary Silvergate Bank, and two executives provided false assurances regarding the monitoring of crypto customers, including the exchange FTX. The company’s automated monitoring system reportedly
The VanEck Head of Digital Assets Research, Matthew Sigel, recently confirmed that the company’s Solana spot ETF proposal is contingent on Donald Trump winning the US presidency. This bold strategy has raised eyebrows in the financial world, especially considering the current political climate in the United States. Analysts are skeptical about the approval odds for
The Bahamas is taking steps to boost the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” According to reports from Reuters on July 1, the country’s central bank governor, John Rolle, announced plans to provide access to the Sand Dollar through commercial banks. This move is aimed at accelerating the
Circle’s recent announcement of receiving an e-money license from France marks a significant milestone in the global stablecoin market. By becoming the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations, Circle has positioned itself as a key player in the rapidly evolving digital currency landscape. The issuance of the
Vitalik Buterin, one of the co-founders of Ethereum, has once again raised concerns about the state of cryptocurrency regulation, particularly in the United States. He recently took to Warpcast, a decentralized social media platform, to highlight what he views as a regulatory paradox that is hindering the growth and integrity of the industry. Buterin pointed
In the rapidly changing landscape of digital finance, the emergence of crypto assets has posed significant challenges for regulators across the globe. The European Union has taken proactive steps by introducing the Markets in Crypto-Assets regulation (MiCAR) framework which aims to provide a harmonized prudential and business conduct framework for crypto-asset services. However, a critical
