cryptocurrency regulation

Digital Currency Group (DCG), the investment firm behind industry giant Grayscale, reported a strong first quarter with overall revenue climbing 11% to $229 million. What Happened: This positive performance comes despite ongoing challenges faced by Grayscale’s flagship product, the Grayscale...

Pointing out the disproportionate amount of fraud and scams within the relatively small crypto sector compared to its size in the broader market, SEC chair Gary Gensler on Tuesday highlighted the agency's focus amid the market’s rapid expansion. What Happened: “We are seeing a $10...

Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services Committee Chair...

Roger Ver, a prominent figure in the early days of Bitcoin (CRYPTO: BTC) and known as “Bitcoin Jesus,” has been arrested in Spain and charged with mail fraud, tax evasion, and filing false tax returns. The U.S. Department of Justice alleges that Ver evaded nearly $50 million in taxes....

The Federal Bureau of Investigation (FBI) has issued a warning urging Americans to steer clear of unregistered cryptocurrency money-transmitting services. What Happened: This alert, primarily aimed at smart-contract-driven privacy tools, was part of a public service announcement on April 25,...

The fight between the cryptocurrency industry and the Securities And Exchange Commission (SEC) continues with The Blockchain Association, a prominent crypto advocacy group, having filed a lawsuit against the SEC in a Texas court, challenging the regulator’s recently adopted definition of...

Ripple Labs is pushing back against the hefty fine proposed by the U.S. Securities and Exchange Commission (SEC) in their ongoing legal battle over XRP. What Happened: In a filing submitted on Monday, Ripple (CRYPTO: XRP) argues against the SEC’s request for a nearly $2 billion penalty,...

In the wake of co-founder Changpeng Zhao’s departure, Binance, the world’s leading cryptocurrency exchange, has secured a pivotal regulatory license in Dubai. What Happened: Binance was awarded its Virtual Asset Service Provider (VASP) license after Zhao gave up his voting power in...

Fidelity Investments filed with the U.S. Securities and Exchange Commission Wednesday for a spot Ethereum ETF. What Happened: The S-1 filing, which includes staking capabilities, could be a significant development for Ethereum (CRYPTO: ETH) investors seeking a regulated way to gain exposure to the...

In a major setback for Coinbase Inc. (NASDAQ:COIN), a U.S. court on Wednesday ruled against the cryptocurrency exchange on most aspects of its motion to dismiss an SEC lawsuit. SEC Alleges Unregistered Securities Activity The SEC filed a lawsuit against Coinbase in June 2023, accusing the exchange...

SEC Chair Gary Gensler, speaking at a conference hosted by Columbia Law School on Friday, highlighted the critical role of transparency and regulatory compliance in the financial markets, with a particular focus on the burgeoning cryptocurrency sector. “There are participants in crypto...

Coinbase Inc. (NASDAQ: COIN) UK CEO Daniel Seifert on Thursday dubbed Bitcoin (CRYPTO: BTC) as a viable alternative in countries that are grappling with financial challenges. In an interview with Benzinga, Seifert pointed to several catalysts fueling Bitcoin's meteoric rise to a new...

Two Democratic Senators have taken a stand against the approval of further crypto exchange-traded products (ETPs), citing concerns over retail investor protection. What Happened: Senators Jack Reed of Rhode Island and Laphonza Butler of California have formally requested the U.S. Securities and...

In an ongoing investigation that has seen the detention of two high-ranking officials from the cryptocurrency exchange Binance, Nigeria is intensifying its scrutiny by demanding detailed information on the exchange's top 100 Nigerian users and their transaction histories over the past six...

The cryptocurrency investment landscape witnessed significant activity with total net inflows into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reaching $505 million on Monday. The day's transactions on March 11 revealed a mixed picture of investor behavior, according to data...