The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a cautionary advisory to investors regarding the risks associated with crypto asset investments. In a recent post on social media platform X, Gensler highlighted the potential dangers of investing in cryptocurrencies, citing regulatory non-compliance, volatility, and potential fraudulent activities as key concerns. One
Regulation
TechCrunch reporter Jacquelyn Melinek recently provided an update on the expected timeline for spot Bitcoin exchange-traded fund (ETF) approvals. In her previous statement, Melinek hinted at potential approval but did not explicitly state it. However, in a new message on X, she postponed the expected date and mentioned that approvals could now be next week.
In a move to harness the potential of artificial intelligence (AI) while ensuring its safe and responsible use, Senator Steve Padilla (D-San Diego) has proposed new legislation in California. The proposed bills, Senate Bills 892 and 893, aim to establish a robust and ethical AI framework in the state, particularly in relation to state contracts.
The United States Securities and Exchange Commission (SEC) is reportedly on the verge of informing spot Bitcoin ETF applicants of their approval within the coming days, with the potential announcement to be made on January 2 or January 3, according to a Reuters report on December 29. This news has caused ripples of excitement within
In a surprising and audacious move, U.S. Congressman Warren Davidson, with the support of House Majority Whip Tom Emmer, has made a compelling case for the dismissal of SEC Chair Gary Gensler in 2024. Citing alleged corruption and abuses of power, Davidson’s stance reflects the escalating tensions between the SEC and the digital asset sector
Chinese authorities are intensifying their efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading. The crackdown specifically targets the misuse of stablecoins like Tether (USDT) in unlawful transactions. This article examines the recent joint statement issued by the Supreme People’s Procuratorate and the State Administration of Foreign Exchange (SAFE), highlighting China’s
The South Korean government has recently announced a groundbreaking initiative to implement a unified public official asset disclosure service. This innovative move aims to address the existing fragmented system that makes it challenging for the public to access comprehensive information about the assets of public officials in the country. As part of this new system,
Indian financial regulators continue to express significant reservations about the integration of cryptocurrencies into the country’s economic framework and believe there is no economic “upside” in making them regulated financial instruments, according to local media reports. These statements by senior officials from the central bank underscore the government’s cautious approach, emphasizing the potential threats these
The Japanese government has recently made a bold move by ending the imposition of unrealized gains tax on crypto assets held by corporations. This decision, made in a cabinet meeting on December 22, marks the beginning of Japan’s fiscal year on April 1, 2024. The new policy states that corporations will only be taxed when
The United States Securities and Exchange Commission (SEC) has recently set a stringent deadline of December 29th for companies seeking to launch exchange-traded funds (ETFs) tied to spot Bitcoin price. In a high-level meeting held on December 21st, SEC officials engaged with representatives from prominent financial entities, including BlackRock, Grayscale Investments, ARK Investments, and 21
