The chair of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently delivered a speech in Naples, emphasizing the necessity for increased supervision in the cryptocurrency industry. While the approval of Bitcoin ETFs is a positive development, Behnam believes that it does not imply comprehensive regulation. In his address, he highlighted the challenges and
Regulation
The approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) has been a topic of much speculation and discussion in recent months. With varying opinions and expectations, it is important to examine the SEC’s stance on this matter more closely. FOX Business reporter, Eleanor Terrett, recently shed light on the SEC’s
In a recent reminder, the IRS has urged all taxpayers to provide information about their digital assets and report any income generated from such assets. The inclusion of a question regarding digital assets in tax forms is a significant development, reflecting the growing importance of cryptocurrencies, non-fungible tokens (NFTs), stablecoins, and other digital currencies. This
Senator Elizabeth Warren recently found herself in the midst of significant backlash from the crypto community after making disparaging remarks about the industry. In a post on X (formerly Twitter) on January 21, Sen. Warren referred to a report from the U.S. Government Accountability Office (GAO) that alleged “rogue nations” were using cryptocurrency to evade
The U.S. Securities and Exchange Commission (SEC) is seeking input and comments on proposed rule changes that could potentially allow options trading on Bitcoin exchange-traded funds (ETFs). This move could have significant implications for investors and the cryptocurrency market as a whole. The SEC has opened comments on two separate proposals related to options trading
The U.S. Securities and Exchange Commission (SEC) recently announced a delay in its decision regarding Fidelity’s proposed spot Ethereum exchange-traded fund (ETF). This development has raised concerns and uncertainties within the cryptocurrency market. In this article, we will delve into the implications of this delay and its potential impact on the approval of Ethereum ETFs.
In a recent court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC), crucial arguments surrounding the classification of cryptocurrencies were presented. The SEC had accused Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency. Additionally, the commission argued that Coinbase’s crypto staking service involved the sale and offering
In recent years, the use of cryptocurrency mixers, also known as tumblers, has become increasingly concerning. Originally designed to protect the privacy of users with significant funds, these protocols have unfortunately been exploited by criminal organizations for illicit financial activities. The South Korean Financial Intelligence Unit (FIU) of the Financial Services Commission has recognized this
The U.S. Securities and Exchange Commission (SEC) has recently agreed to postpone the trial against Terraform Labs and its former top executive, after Terraform Labs’ co-founder, Do Kwon, expressed his intention to attend the trial. This delay has been considered reasonable by the SEC, as Kwon has agreed to extradition from Montenegro and is expected
South Korea’s Financial Services Commission (FSC) has expressed concerns about domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs). In a notice released on January 12, the regulator acknowledged the country’s efforts to create a regulatory framework for the emerging industry but warned that these brokerage services for foreign ETFs might violate local laws.
Grayscale Investments, the renowned digital asset management firm, recently made a significant move in the world of exchange-traded funds (ETFs). On January 11th, Grayscale filed an application for a Bitcoin covered call ETF, indicating its commitment to the development of this innovative financial product. In this article, we will delve into the details of Grayscale’s
Grayscale, the world’s largest digital asset manager, recently received approval from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF proposal. This groundbreaking development marks a significant milestone for GBTC investors and indicates a promising future for the transformative potential of cryptocurrencies. Grayscale CEO Michael Sonnenshein expressed his gratitude to the company’s
The rapid growth of the Decentralized Finance (DeFi) sector has attracted considerable attention from regulators and industry leaders alike. A recent report titled “Decentralized Finance” released by the CFTC’s Digital Assets and Blockchain Technology Subcommittee sheds light on the risks inherent in this emerging field. Led by CFTC Commissioner Christy Goldsmith Romero, the report emphasizes
The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently issued an advisory that serves as a cautionary note for individuals interested in investing in crypto assets. With the deadline for the approval of the spot Bitcoin exchange-traded fund (ETF) approaching, Gensler highlighted the potential risks and concerns surrounding this form of investment. In