Galaxy Digital CEO Mike Novogratz has expressed optimism regarding the regulatory environment for cryptocurrencies in the United States, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support, stating that it is crucial for the advancement of the crypto sector. According to Novogratz, having both parties backing innovation in
Regulation
Recent discussions surrounding the registration process for token-based companies have brought to light the inadequacy of the current Form S-1 requirements. Billionaire investor Mark Cuban and SEC Commissioner Mark Uyeda have shed light on the challenges faced by crypto issuers, urging the SEC to consider modifications to accommodate the unique characteristics of these companies. Form
Silvergate Capital recently settled with the SEC for $50 million, following allegations that the company misled investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The SEC claimed that Silvergate Capital, its subsidiary Silvergate Bank, and two executives engaged in fraudulent activities between November 2022
The Bahamas is taking steps to make its central bank digital currency (CBDC) more accessible to the public. Central Bank Governor John Rolle announced plans to work with commercial banks to ensure that the “Sand Dollar” is readily available to clients. This move is part of an effort to boost adoption rates and encourage the
The head of Digital Assets Research at VanEck, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal is betting on Donald Trump winning the US presidency. This speculation has raised concerns about the potential approval of the ETF, especially in the event of a Democrat victory. According to analysts, the approval odds for
The recent announcement made by Circle on July 1 regarding its reception of an e-money license from France has significant implications for the global stablecoin market. This move positions Circle as the first stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The license granted by France’s financial regulator, the Autorité de
Vitalik Buterin, the co-founder of Ethereum, has once again expressed his apprehensions about the current state of cryptocurrency regulation, specifically within the United States. In a discussion on Warpcast, a decentralized social media platform, Buterin pointed out a regulatory paradox that, in his opinion, is hindering the industry’s progress and credibility. He noted that the
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges and opportunities for regulators around the globe. The European Union has taken proactive steps through the Markets in Crypto-Assets regulation (MiCAR) to provide a harmonized prudential and business conduct framework for crypto asset services. However, a critical gap
The recent decision by the US Supreme Court to overturn the Chevron doctrine has sparked discussions about the implications it may have on various regulatory bodies, particularly the SEC’s oversight of cryptocurrencies. Originating from the 1984 case of Chevron v. Natural Resources Defense Council, the doctrine established a framework for when federal courts should defer
Recently, Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, made a statement to the media emphasizing that cryptocurrency is a nonpartisan issue. She highlighted that crypto has garnered bipartisan support and has attracted voters from all across the United States. Bottoms also mentioned that crypto and blockchain technology are reshaping