The new bill proposed in the Senate, led by Senator Catherine Cortez Masto and Senator Chuck Grassley, aims to bolster the investigative powers of the US Secret Service when it comes to crimes involving digital assets. The bipartisan effort seeks to address the growing threat of transnational cybercriminal activities, including fraud against financial institutions, unlicensed
Regulation
The landscape of digital asset regulation has been a tumultuous one, marked by challenges, milestones, and continuous evolution. In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs at Xapo Bank, shared his profound journey and insights into the ever-changing world of crypto regulation. This article delves into Joey Garcia’s pivotal role in
After the collapse of the FTX exchange nearly two years ago, The Bahamas has faced increased scrutiny over its crypto regulations. The country, once seen as a pro-crypto hub, saw a decline in the number of crypto companies operating in its region. The new Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) aims to
Jonathan Mann and Brian L. Frye have taken a stand against the US Securities and Exchange Commission (SEC) by filing a lawsuit regarding the classification of NFTs representing digital art as securities under US law. As creators of digital artworks sold as NFTs, Mann and Frye argue that these should not be subjected to the
Goldman Sachs CEO David Solomon recently made comments regarding Bitcoin’s potential to serve as a store of value similar to gold. While he expressed some openness to this idea, he maintained a cautious stance towards the cryptocurrency. Solomon emphasized that he views Bitcoin more as a speculative investment rather than a practical asset with a
The recent statements made by former President Donald Trump at the Bitcoin2024 conference in Nashville have sparked discussions about the future of Bitcoin policies in different countries, particularly China. Trump’s pledge to make the US a global crypto leader and his vow to never sell the 210,000 Bitcoin held by the government have put the
Senator Cynthia Lummis has recently introduced groundbreaking legislation that proposes the establishment of a Bitcoin strategic reserve for the United States. The plan is to accumulate at least 1 million BTC, which represents 5% of the total supply of Bitcoin. This announcement comes in the wake of former President Donald J. Trump’s pledge to position
In a recent letter addressed to the Democratic National Committee (DNC), a group of Democrat politicians highlighted the need for the party to reconsider its stance on cryptocurrency and blockchain technology. The letter emphasizes the potential for American innovation, economic growth, and financial inclusion that these emerging technologies present. Despite the support of key figures
Former President Donald Trump made some bold statements regarding his plans for Bitcoin and cryptocurrency if he were to be re-elected. He emphasized the importance of the US becoming a “Bitcoin superpower” and maintaining its lead over competitors like China. One of his key promises was to ensure that the US government holds onto the
Coinbase, a well-known crypto company, faced a hefty fine of £3.5 million due to Anti-Money Laundering breaches by its subsidiary CB Payments Limited (CBPL). Despite an initial fine of £5 million, a settlement discount resulted in a reduced penalty. The Financial Conduct Authority (FCA) highlighted that the violations were related to CBPL’s failure to follow
