In the evolving landscape of digital assets, Bitcoin (BTC) continues to stand out as a premier digital commodity, akin to more traditional assets such as gold and oil. Howard Lutnick, CEO of Cantor Fitzgerald, has urged regulators to recognize Bitcoin in this light during a recent segment on Fox Business. His appeal is not merely
Regulation
In an effort to bolster its position as a leading international financial hub, Hong Kong’s financial regulators, namely the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), have unveiled their plans to align the city’s reporting regime for over-the-counter (OTC) derivatives, including those associated with cryptocurrencies, with global standards. This initiative
In the landscape of U.S. financial regulation, speculations about the tenure of key officials often grab headlines. Recently, Wyoming Senator Cynthia Lummis expressed her belief that Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC), may soon step down from his role. Speaking on CNBC’s Squawk Box, Lummis dismissed the notion that
The cryptocurrency industry has often operated in a gray area, where innovation and regulatory compliance rarely align. The case involving Mango Markets significantly underscores this tension. On September 27, the U.S. Securities and Exchange Commission (SEC) announced a settlement with Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation, stemming from allegations that both
The recent ruling by Judge Katherine Polk Failla concerning the commercial use of code in cryptocurrency protocols such as Tornado Cash has sparked heated discourse within the crypto community and beyond. On September 26, in a landmark decision issued from the Southern District of New York, the court ruled against claims that deploying such code
In a recent discussion on CNBC, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), provided essential clarification regarding the regulatory classification of Bitcoin, affirming its status as a commodity rather than a security. This statement comes at a pivotal moment as the cryptocurrency market navigates increasing regulatory oversight. Gensler emphasized that
As the cryptocurrency landscape evolves, the Australian government is taking significant steps to instigate regulatory frameworks aimed at safeguarding investors and maintaining market integrity. Recent reports indicate that the Australian Securities and Investments Commission (ASIC) will soon implement a licensing regime for crypto service providers. This pivotal move reflects not only an acknowledgment of the
In a significant development within the landscape of digital finance, Congresswoman Maxine Waters has positioned herself at the forefront of bipartisan discourse surrounding the regulation of stablecoins. As the senior Democrat on the House Financial Services Committee, Waters emphasized the pressing need for a legislative framework to be finalized by the end of 2024—an ambitious
Sygnum, a prominent player in the cryptocurrency banking sector, has recently announced a significant development in its expansion strategy: the acquisition of a crypto license in Liechtenstein. This strategic move was made through its local subsidiary, Sygnum Europe AG, which has been officially registered with Liechtenstein’s Financial Market Authority (FMA). This licensing under the Token
The rapidly evolving landscape of cryptocurrency is often fraught with complexities, especially when aligned with political figures. Former President Donald Trump’s decentralized finance (DeFi) initiative, World Liberty Financial, is poised to face the same stringent regulations that have impacted the broader crypto market in the United States. The insights shared by SEC Commissioner Mark Uyeda