crypto regulation

A U.S. judge has ordered FTX Trading Ltd. and Alameda Research LLC to pay $12.7 billion in restitution and disgorgement to creditors. What Happened: This ruling stems from a lawsuit filed by the Commodity Futures Trading Commission (CFTC) against the two entities, accusing them of committing fraud...

The Official Monetary and Financial Institutions Forum (OMFIF), an independent financial think tank, has suggested that Vice President Kamala Harris and the Democratic Party must urgently develop a comprehensive crypto agenda. What Happened: According to OMFIF, the crypto community’s natural...

The Bahamas has taken a significant step forward in digital asset regulation with the passage of the Digital Assets and Registered Exchanges Act 2024. What Happened: This new legislation, announced by the Securities Commission of The Bahamas on July 30, 2024, represents a substantial evolution from...

The U.S. Securities and Exchange Commission (SEC) has revealed its intention to modify its legal complaint against cryptocurrency exchange Binance, particularly focusing on the aspect of cryptocurrencies as securities. What Happened: This development, disclosed in a joint response to the court...

In a harrowing incident, four men have been arrested in Kyiv, Ukraine, for allegedly kidnapping, robbing and murdering a 29-year-old foreigner. What Happened: The case, reported by the Main Directorate of the National Police (GUNP) in Kyiv on Monday, highlights the potential dangers faced by...

Former President Donald Trump promised that if reelected, he would remove Gary Gensler from his position as Chair of the Securities and Exchange Commission (SEC). What Happened: This declaration has quickly become one of Trump’s most potent talking points, striking a chord with cryptocurrency...

Tron (CRYPTO: TRON) founder Justin Sun has urged China to rethink its stance on cryptocurrency following former President Donald Trump‘s recent support for Bitcoin (CRYPTO: BTC). What Happened: “China also needs to step up. Since President Trump pushed for Bitcoin, US policies have...

The University of Wyoming (UW) has taken a bold step towards legitimizing Bitcoin (CRYPTO: BTC) research with the establishment of the UW Bitcoin Research Institute (BRI). What Happened: This first-of-its-kind institute aims to bridge the gap between academic research and public understanding of...

Anthony Scaramucci, the former White House Communications Director, voiced his support for Vice President and presumotive Democratic presidential nominee Kamala Harris, specifically expressing anticipation for her future policies on cryptocurrency. What Happened: On Wednesday, Scaramucci praised...

Vice President Kamala Harris will not be attending or speaking at the upcoming Bitcoin 2024 conference, according to David Bailey, CEO of BTC Inc., the company organizing the event. What Happened:This decision has sparked controversy and debate within the cryptocurrency community, highlighting the...

The Trump campaign is making a strategic move to capture the cryptocurrency vote, with Ohio Senator JD Vance emerging as a key figure in this effort. What Happened: At 39, Vance’s prominence in Silicon Valley and his pro-crypto stance are seen as crucial assets in wooing an estimated 40...

Hong Kong’s monetary authorities are proposing new regulation for fiat stablecoins. What Happened: After a two-month public consultation that concluded in February 2024, 108 submissions from various market participants and stakeholders delivered input for the Financial Services and the...

Securities and Exchange Commission (SEC) Commissioner Hester Peirce has suggested that the inclusion of staking features in Ethereum (CRYPTO: ETH) Exchange-Traded Funds (ETFs) could be open to reconsideration in the future. What Happened: This development comes as Ethereum ETFs are poised to debut...

Ahead of the 2024 U.S. presidential election, Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), shared her insights on crypto regulation and the potential impact of a new administration. What Happened: Affectionately known in the sector as “crypto mom,”...

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, a New York-based stablecoin issuer, without recommending enforcement action. What Happened: Jorge Tenreiro, acting chief of the SEC’s crypto assets and cyber unit, informed Paxos of the decision,...