Regulation

In a move to revamp its digital assets industry, The Bahamas Securities Commission recently announced the passage of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This legislation comes nearly two years after the collapse of FTX, a major exchange headquartered in the country. The goal of DARE 2024 is to establish regulatory

In a bold move, Jonathan Mann and Brian L. Frye have taken legal action against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs representing digital art. The crux of the issue lies in whether these unique digital artworks should be deemed securities under US law. Mann, a well-known figure for his

Goldman Sachs CEO David Solomon recently made comments regarding Bitcoin’s potential as a store of value, likening it to gold. While he expressed some optimism about the underlying blockchain technology, he maintained a cautious stance towards the cryptocurrency. Solomon emphasized that he sees Bitcoin as more of a speculative investment without a clear use case.

In light of former President Donald Trump’s recent statements supporting digital assets and advocating for the US to become a global leader in the cryptocurrency space, Tron founder Justin Sun has called on China to reconsider its current Bitcoin policies. Trump’s pledge to uphold the 210,000 Bitcoin held by the US government and to position

A recent letter penned by a group of Democrat politicians to the Democratic National Committee (DNC) has urged the party to shift its stance on cryptocurrency and blockchain technology. The letter emphasized the potential for innovation, economic growth, and financial inclusion within the United States through the adoption of digital assets. The Democrats highlighted the

President Donald J. Trump has made bold promises to solidify the United States as a dominant force in the realm of Bitcoin. He has vowed to maintain the US’s lead over competing nations such as China and ensure that the government does not sell the Bitcoin it holds, which accounts for approximately 1% of the

Senator Cynthia Lummis recently made headlines by introducing new legislation that proposes the establishment of a Bitcoin strategic reserve for the US. The bill aims to accumulate at least 1 million BTC, which would represent 5% of the total supply. This move comes in the wake of former President Donald J. Trump’s keynote at the

Coinbase, a prominent player in the cryptocurrency industry, faced a significant setback as the UK’s Financial Conduct Authority (FCA) imposed a hefty fine of £3.5 million ($4.5 million) on its subsidiary, CB Payments Limited (CBPL). The fine was the result of CBPL’s repeated violations of the FCA’s Anti-Money Laundering guidelines. Despite agreeing to strengthen its

The recent conversation between Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen shed light on the numerous challenges plaguing the crypto industry under the current administration. One of the key criticisms raised by the founders was the Biden-Harris Administration’s approach to regulating the cryptocurrency sector. They highlighted a lack of clear guidance from the

Russia has recently made headlines with the passing of a bill legalizing Bitcoin mining and the use of cryptocurrency for international trade. This move marks a significant shift in the country’s approach to digital assets and currencies, with implications for both the domestic and international financial landscape. Regulatory Framework and Compliance The new legislation aims

The United States House of Representatives recently passed the Financial Technology Protection Act, a bill that aims to address the growing concerns surrounding the use of digital platforms for illicit activities and terrorism financing. The bill, introduced by Representative Zach Nunn on April 27, 2023, was approved on July 22, 2024. One of the key

President Joe Biden’s recent withdrawal from the 2024 presidential race has sparked discussions and predictions about the potential outcomes of the November election. One firm, 10x Research, believes that former President Donald Trump could secure a “decisive victory” in the upcoming election due to the absence of a credible challenger. According to the firm, the

The recent letter sent by the Digital Chamber to Vice President Kamala Harris emphasizes the need for a more forward-thinking approach towards digital assets and blockchain technology. This call for action comes after concerns were raised about the Democratic Party’s stance on these innovative technologies. The chamber highlighted the transformative benefits that digital assets can

Brian Korshain, the CEO and founder of DAIM, expressed strong optimism about the potential impact of former President Donald Trump’s support for Bitcoin. He highlighted Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US government, stating that while it is “possible,” it could be “very difficult to get it done.” Korshain