In recent discussions surrounding the evolution of the United States’ payment systems, Federal Reserve Governor Christopher Waller has made his position clear: he questions the necessity of a central bank digital currency (CBDC) within the current financial framework. Speaking at The Clearing House Annual Conference on November 12, 2024, Waller articulated doubts regarding the problems
Regulation
Venture capital firms often navigate turbulent waters, yet those at Andreessen Horowitz (a16z) are viewing the potential re-election of Donald Trump as a transformative point for the cryptocurrency sector. In a recent statement, key figures from a16z articulated their belief that Trump’s political return might usher in a more favorable regulatory environment for cryptocurrency initiatives
The US Securities and Exchange Commission (SEC) has once again postponed its decision regarding the approval of options trading for Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). The announcement, made in a filing on November 8, cites the need for further review of the proposals and their potential impact on
The anticipated transition of power in the United States has brought about fervent discussions regarding the future leadership of key financial regulatory bodies. As President-Elect Donald Trump prepares his team, early indications suggest a strategic inclination towards appointing individuals with close ties to corporate America and the Republican Party. Reports indicate that a shortlist of
The prediction market landscape has seen significant innovations over the past few years, particularly with the advent of blockchain technology. Polymarket, a prominent cryptocurrency-based platform, epitomizes this shift by allowing users to place bets on various uncertain outcomes, ranging from the financial sector to political events. Launching in 2020, Polymarket quickly gained traction, especially during
The recent shift in the political landscape of the United States has invigorated the cryptocurrency sector, marking what some industry experts believe could be the onset of a “Golden Age of Crypto.” In a memo dated November 6, Bitwise Chief Investment Officer Matthew Hougan articulated his perspective, suggesting that the victory of Donald Trump in
In a significant move for the cryptocurrency market, asset management company 21Shares has submitted a formal application to the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). This application, filed on November 1, aims to register shares of the Core XRP Trust for trading on the Cboe BZX Exchange. Notably,
In a rapidly evolving regulatory landscape, the U.S. Securities and Exchange Commission (SEC) has intensified its scrutiny of the cryptocurrency sector, an action underscored by its latest move against Immutable, a notable player in the blockchain gaming arena. Immutable announced via a blog post on October 31 that it had received a Wells notice—a formal
The landscape for cryptocurrency exchanges in Hong Kong is poised for significant transformation as authorities signify their intent to license additional platforms by year-end. Financial Secretary Paul Chan, speaking at the Hong Kong FinTech Week, indicated that the Securities and Futures Commission (SFC) is diligently reviewing more candidates for regulatory approval. This development suggests that
The Bank for International Settlements (BIS), often hailed as the bank for central banks, is embarking on a transformative journey with its Project Mandala. This initiative, launched in partnership with the central banks of Australia, Korea, Malaysia, and Singapore, aims to streamline cross-border transactions, a critical aspect of global finance. In today’s interconnected world, regulatory