As the landscape of cryptocurrency and blockchain technology continues to evolve, the need for comprehensive regulatory frameworks becomes increasingly crucial. The Blockchain Association, a leading nonprofit representing crypto enterprises in the United States, has recently articulated its vision for the incoming administration of President Trump. Through a formal letter, Blockchain Association CEO Kristin Smith identified
Regulation
A recent decision by the US District Court for the Northern District of Texas has struck down a contentious rule proposed by the Securities and Exchange Commission (SEC) aimed at regulating crypto dealers. This ruling, delivered on November 21, has significant implications for the digital asset industry, as it asserts that the SEC overstepped its
Gary Gensler, the current Chairman of the U.S. Securities and Exchange Commission (SEC), has confirmed he will conclude his tenure on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump. Gensler, who took the helm of the SEC in April 2021, expressed that serving in this capacity has been a true honor. In
Chris Giancarlo, the former chair of the Commodity Futures Trading Commission (CFTC), is gaining significant attention as the frontrunner for the newly proposed position of “crypto czar” within the White House. The Trump administration reportedly aims to introduce this role as a means to steer U.S. cryptocurrency policy while promoting growth within the burgeoning $3
In recent years, the digital asset ecosystem in the United Kingdom has experienced a remarkable surge, fueled by an overwhelming interest from both individuals and institutions. Recent statistics reveal that there are over six million active participants in this space, with 32% of UK institutions involved in digital currencies and related technologies. This robust interest
Jesse Powell, the renowned founder of the Kraken exchange, has recently thrown his support behind Brian Brooks, the former acting Comptroller of the Currency, for the position of Chair of the Securities and Exchange Commission (SEC). Powell’s endorsement highlights the need for experienced regulatory leadership, particularly in an era where cryptocurrency is becoming increasingly prevalent
In an era where cybersecurity threats loom larger than ever before, Major Jason Lowery of the U.S. Space Force stands at the forefront of an innovative approach to national defense. With his application to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy
The landscape of financial regulation in the United States is currently marred by disparity and tension, particularly surrounding the actions of Gary Gensler, the chair of the Securities and Exchange Commission (SEC). Critics, among them prominent figures in the cryptocurrency space like Tyler Winklevoss, have raised alarm bells, claiming that Gensler’s behaviors are not merely
The 2024 presidential campaign brought with it a wave of promises from Republican President-elect Donald Trump, particularly focused on halting what he characterized as overreach by regulatory agencies. Among these campaign pledges was a commitment to dial back enforcement in the cryptocurrency sector. Legal experts attending a conference in New York recently discussed this prospective
The landscape of cryptocurrency regulation in the United States is undergoing a significant transformation as the U.S. Attorney’s Office for the Southern District of New York (SDNY) adjusts its prosecutorial focus. Following a series of notable convictions related to cryptocurrency fraud, including the high-profile case against FTX founder Sam Bankman-Fried, the office has announced a
In light of recent developments, the Hong Kong Monetary Authority (HKMA) has issued a strong warning against foreign cryptocurrency firms that misrepresent themselves as banks. This caution emerges from the emergence of certain unscrupulous entities exploiting the banking term to misinform and mislead potential customers in Hong Kong. By leveraging the trusted image associated with
Recent discussions have emerged concerning the future roles of key players within the U.S. regulatory framework, notably the potential appointment of former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo to the position of Chair for the U.S. Securities and Exchange Commission (SEC). Giancarlo, often dubbed ‘Crypto Dad’ for his pro-cryptocurrency stance, has emphatically dismissed
The landscape of digital assets, particularly cryptocurrency, is ever-evolving, prompting calls for fresh perspectives on regulatory policies. One significant development arises from the Digital Chamber of Commerce’s recent appeal to the US Office of Government Ethics concerning the prohibitions on federal employees holding cryptocurrencies. Currently, federal regulations enacted in 2022 forbid employees from owning any
Xiao Feng, the CEO of Hashkey Group, has shared intriguing insights about the potential transformations within China’s cryptocurrency landscape, especially under a pro-cryptocurrency administration in the United States. In an engaging interview with the South China Morning Post, Feng articulated a compelling argument that the interplay between U.S. crypto regulations and China’s economic policies could
