On January 16, 2025, Nasdaq made a significant move in the cryptocurrency space by filing a 19b-4 Form to facilitate the listing and trading of a spot Litecoin (LTC) exchange-traded fund (ETF) backed by Canary Capital. This initiative is notable as it marks a potential breakthrough for altcoin-related ETFs, suggesting a shifting landscape in regulatory
Regulation
The legal skirmish between the United States Securities and Exchange Commission (SEC) and Ripple Labs Inc. has thrust the cryptocurrency landscape into the limelight since it began in December 2020. At the core of the case is the question of whether Ripple’s native token, XRP, should be classified as a security under U.S. law. With
The recent actions and recommendations from Senator Cynthia Lummis regarding the liquidation of Bitcoins tied to the notorious Silk Road have ignited a significant discourse around national financial policies and asset management strategy. As the discussion unfolds, it raises critical questions about not only the motivations behind such decisions but also their long-term implications for
As the new administration takes its place in the White House, the landscape of cryptocurrency regulation in the United States is set for significant upheaval. With reports emerging from trusted sources indicating that the US Securities and Exchange Commission (SEC) is preparing to initiate notable changes in its enforcement policies regarding cryptocurrency firms, the potential
The landscape of cryptocurrency is perpetually shifting, and the recent statement from the TON Foundation indicates a significant pivot in its strategy as it prepares to embark on an ambitious journey into the U.S. market. With its performance in 2024 showcasing robust growth and new possibilities amid a more favorable regulatory environment under President-elect Donald
The intricate landscape of cryptocurrency regulation often presents challenges for financial authorities worldwide. The New York Department of Financial Services (NYDFS) and the Bank of England (BOE) have taken a significant step towards addressing these complexities by formally announcing their collaborative initiative, the Transatlantic Regulatory Exchange (TRE). This partnership, unveiled on January 13, signals a
In a recent turn of events, Robinhood, the widely-used trading platform, has entered into a significant settlement with the Securities and Exchange Commission (SEC), agreeing to pay $45 million to resolve allegations of securities law violations. This decision comes after an extensive investigation that highlighted serious lapses in the company’s operational integrity. The case primarily
Tether, the prominent stablecoin issuer known for its significant influence in the cryptocurrency market, is taking a bold step by relocating its global headquarters to El Salvador. This announcement follows the acquisition of a Digital Asset Service Provider (DASP) license, a regulatory framework that underscores the country’s commitment to fostering digital finance. By moving to
In a pivotal statement delivered in St. Louis on January 10, the interim Chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, openly acknowledged the agency’s controversial role in “debanking” cryptocurrency businesses. Underlining the silent crisis facing crypto-related firms, Hill’s remarks directed attention to the troubling pattern of these entities losing access to essential
On January 10th, the Consumer Financial Protection Bureau (CFPB) introduced a potentially pivotal interpretive rule aimed at extending protections under the Electronic Fund Transfer Act (EFTA) to cryptocurrency wallets. This proposal is designed to hold these wallets accountable in the event of cybersecurity breaches, which have increasingly become a concern as digital currency usage grows.
