Democratic House Representative Ro Khanna has high hopes for the Biden administration to release a crypto regulation roadmap in the near future. Following discussions between the White House and industry leaders, Khanna expressed optimism about the potential for a positive statement with a roadmap towards reasonable regulation. He believes that these new regulations will not
Regulation
Tyler Winklevoss, co-founder of the crypto exchange Gemini, did not hold back in his recent criticism of Vice President Kamala Harris’s “reset” of the crypto stance. In a bold post on X, Winklevoss labeled Harris’s actions as a “scam.” This scathing critique comes on the heels of Winklevoss’s disappointment in Harris for skipping a roundtable
The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, signaling a new era of support for the testing and development of services related to digital assets. This initiative is designed to create a structured environment where businesses can explore innovative solutions within a regulated framework.
OKX CEO, Star Xu, recently issued a warning to users about the risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu reiterated that OKX
There is speculation that Bitcoin exchange-traded funds (ETFs) in the US may soon include options features, with the potential for such additions to come as early as the third quarter or in the fourth quarter of this year. Bloomberg ETF analyst James Seyffart has mentioned that the final decision from the US Securities and Exchange
In a significant development, the District Judge Analisa Torres of the District Court of the Southern District of New York has imposed a hefty $125 million fine on Ripple. This decision comes after a four-year-long legal battle with the US Securities and Exchange Commission (SEC). The court ruling partially rejected the SEC’s demand for over
A recent bill presented in the Senate aims to enhance the investigative authority of the US Secret Service in tackling crimes related to cryptocurrencies. Led by Senator Catherine Cortez Masto and Senator Chuck Grassley, the bipartisan effort seeks to address transnational cybercriminal activities that involve digital assets. The proposed legislation intends to broaden the Secret
In an exclusive interview, Joey Garcia, the Director and Head of Regulatory Affairs at Xapo Bank, shared his extensive experience and insights into the evolution of cryptocurrency regulation. Garcia’s journey began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite initial challenges and resistance, Garcia
The Bahamas Securities Commission recently announced the passage of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) in an effort to provide regulatory clarity for the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major exchange headquartered in the Bahamas. The collapse of FTX in
Jonathan Mann and Brian L. Frye have taken legal action against the US Securities and Exchange Commission (SEC) concerning the classification of NFTs representing digital art as securities under US law. Mann, known for creating a song daily for over sixteen years, expressed his protest by writing the lyrics “This song is a security.” This