Browsing: Regulation

Jay Clayton, interim US Attorney for the Southern District of New York, suggests a settlement in the Michelle Bond case linked to FTX, aiming to avoid a trial and highlighting the ongoing legal complexities post-FTX collapse.

Taurus introduces a private stablecoin contract on the Aztec Network, blending privacy with compliance for business transactions.

A US court has rejected a joint plea by Ripple and the SEC to lower a $125 million fine, highlighting the ongoing legal challenges in cryptocurrency regulation.

The FBI’s recent indictment of ‘IntelBroker’ highlights the ongoing battle against cybercrime and its implications for the cryptocurrency community.

The European Commission’s softer stance on foreign stablecoins under the MiCA framework has ignited optimism in the crypto industry, contrasting with the ECB’s earlier warnings.

Pradeep Bhandari of India’s BJP party proposes a Bitcoin reserve pilot to bolster economic resilience, drawing inspiration from global crypto advancements.

Stablecoin attestation reports are essential for verifying the real-world assets backing stablecoins, offering transparency and trust in the crypto ecosystem.

Hong Kong updates its digital asset strategy with a focus on stablecoin licensing and tokenization, aiming to become a global crypto and fintech hub.

World Liberty Financial, supported by Donald Trump, is set to release a stablecoin audit and may enable transfers of its WLFI token, signaling major updates for the crypto venture.

A lawsuit against Citibank reveals the bank’s alleged negligence in a $20M crypto romance scam, spotlighting the urgent need for financial institutions to bolster fraud prevention measures.

Coinme, a Seattle-based crypto ATM operator, has been fined $300,000 for violating California’s Digital Financial Assets Law, marking the state’s first enforcement action under this legislation.

GameStop’s recent $450 million fundraising effort, potentially for Bitcoin, failed to excite traders, with the company’s stock showing minimal movement. Expert insights suggest a need for clear strategy beyond mere cryptocurrency purchases.

SoFi Technologies makes a strategic return to the cryptocurrency market, introducing new services and leveraging blockchain technology to innovate financial services.

A 77-year-old widow’s heartbreaking loss of $281,947 in a crypto ATM scam underscores the urgent need for awareness and regulation in the cryptocurrency space.

Invesco and Galaxy Digital have taken a significant step by filing for a Solana ETF, joining eight other asset managers in the race to launch the first such fund in the US.

Kalshi secures a groundbreaking $185M funding at a $2B valuation, marking a significant milestone for prediction markets.

Kraken cryptocurrency exchange has obtained a MiCA license in Ireland, marking a significant step in its expansion across the European Economic Area under the EU’s new regulatory framework.

Wyoming Senator Cynthia Lummis targets 2026 for the enactment of two key cryptocurrency bills, aiming to bring regulatory clarity to stablecoins and the crypto market structure.

Fannie Mae and Freddie Mac are set to include cryptocurrencies in their mortgage risk assessments, marking a significant step towards mainstream acceptance of digital assets.

Barclays announces a ban on cryptocurrency transactions via its Barclaycard credit cards, citing volatility and lack of investor protection as key concerns.