As a new political era unfolds under President-elect Donald Trump, significant changes loom on the horizon for the U.S. Securities and Exchange Commission (SEC). The agency is reportedly gearing up for a re-evaluation of its stance towards cryptocurrency firms, a pivot that has significant implications for the burgeoning crypto market. According to reports from Reuters,
Regulation
The TON Foundation, renowned for its connection to the Telegram messaging platform, is poised to embark on an ambitious expansion into the United States. Announced on January 14, this development comes on the heels of a promising performance in 2024. Under the forthcoming administration of President-elect Donald Trump, which is perceived to foster a more
In a significant turn of events within the financial sector, Robinhood has accepted a settlement totaling $45 million following allegations of securities law violations, as confirmed by a statement released on January 13. This resolution stems from an in-depth investigation by the U.S. Securities and Exchange Commission (SEC) targeting its subsidiaries, Robinhood Securities LLC and
In a groundbreaking move towards enhancing cryptocurrency regulation, the New York Department of Financial Services (NYDFS) has forged a strategic partnership with the Bank of England (BOE). This collaboration, announced on January 13, introduces the Transatlantic Regulatory Exchange (TRE), a pioneering initiative aimed at unifying regulatory approaches towards digital assets and emerging payment systems. As
Tether, a prominent player in the stablecoin market, is taking a decisive step by relocating its global headquarters to El Salvador. This shift follows the company’s successful acquisition of a Digital Asset Service Provider (DASP) license, marking a significant milestone in its operational strategy. El Salvador has made headlines as the first country in the
In recent months, the Federal Deposit Insurance Corporation (FDIC) has found itself navigating the tumultuous waters of cryptocurrency regulation, a topic that has generated considerable debate within financial circles. The interim chair of the FDIC, Travis Hill, brought renewed attention to this issue during a speech delivered in St. Louis on January 10. His remarks
In a considerable move towards regulating cryptocurrency, the Consumer Financial Protection Bureau (CFPB) has introduced an interpretive rule that could reshape how digital wallets operate under the Electronic Fund Transfer Act (EFTA). Released on January 10, this proposal addresses the need for consumer protections similar to those found in traditional banking, particularly in response to
On January 31, the UK Treasury initiated a pivotal amendment to the Financial Services and Markets Act (FSMA) 2000, specifically designed to redefine the regulatory landscape surrounding crypto staking. This legislative change heralds a significant shift: staking activities involving key cryptocurrencies like Ethereum (ETH) and Solana (SOL) will now be excluded from the classification of
As Gary Gensler prepares to step down as the Chair of the Securities and Exchange Commission (SEC), his tenure has been marked by significant friction with the cryptocurrency industry. In a recent interview with Bloomberg, Gensler reiterated his position regarding the pervasive issues within the crypto space, characterizing it as a domain “rife” with malefactors.
In a pivotal move, South Korea is on the verge of relaxing its stringent regulations surrounding cryptocurrency trading for institutional investors. This announcement, originally reported by Yonhap on January 8, promises to reshape the digital asset regulatory framework in South Korea. The country’s Financial Services Commission (FSC) is set to implement phased reforms, thereby broadening