Regulation

Recently, the U.S. District Court for the Western District of Texas ruled in favor of the Securities and Exchange Commission (SEC) in a case against crypto influencer Ian Balina. The court found that Balina had offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating US securities laws. Allegations Against Ian Balina The
The recent report by Bernstein suggests that the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US could potentially set the stage for the classification of Solana (SOL) as a commodity. This distinction between commodities and securities has far-reaching implications for the cryptocurrency market. Commodities classification paves the way for ETF applications
The FIT21 Act, which aims to provide regulatory clarity to the crypto industry, has recently come under fire from Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC). Gensler expressed strong opposition to the bill, stating that it would weaken current consumer protections in the crypto market. Despite the bill receiving support from
Recently, the Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings. This move has sparked greater optimism around potential approvals within the cryptocurrency community. Bloomberg ETF analyst Eric Balchunas has mentioned that the SEC might reconsider its anticipated stance and opt not to deny the pending applications. ETF
In recent years, the US Treasury Department has recognized the increasing risks posed by cryptocurrencies and other emerging technologies. These digital assets have become a key focus in the Treasury’s efforts to combat terrorist financing, money laundering, and cybercrime. Criminal organizations are leveraging these technologies to carry out illegal activities, highlighting the urgent need for
Oklahoma has taken a significant step in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. The bill, approved by Governor Kevin Stitt, is set to come into effect on November 1. Under the new law, the state government is barred from prohibiting, restricting, or impairing the use of crypto
Deutsche Bank has recently displayed a keen interest in digital assets and tokenization, showcasing its commitment to innovation and technological advancement in the financial sector. By joining the Monetary Authority of Singapore’s Project Guardian, the bank has taken a significant step towards exploring the potential of asset tokenization applications in a regulated environment. This initiative
Two US lawmakers, Senators Cynthia Lummis and Ron Wyden, have taken a stand against the Department of Justice’s (DOJ) attempt to broaden the definition of a money-transmitting business. They believe that the DOJ’s expansive interpretation could potentially lead to the criminalization of non-custodial crypto asset software services. In a letter addressed to US Attorney General
The House Financial Services Committee Chairman, Patrick McHenry, recently announced that new legislation aimed at providing the crypto industry with greater clarity regarding regulatory oversight is scheduled for a potential House floor vote by the end of May. This proposed legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, seeks
The European Securities and Markets Authority (ESMA) is currently conducting a review of the regulations surrounding crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities). This review is part of a larger examination of the EU’s financial regulatory framework, prompted by the European Commission’s (EC) request to ensure that UCITS rules are