In recent discussions regarding the regulation of cryptocurrencies, Cantor Fitzgerald CEO Howard Lutnick has made noteworthy remarks advocating for Bitcoin (BTC) to be treated analogously to traditional commodities such as gold and oil. During an interview on the Fox Business program “Mornings with Maria,” Lutnick has urged regulators to recognize Bitcoin as a commodity, emphasizing
Regulation
Hong Kong’s financial regulatory bodies are initiating a significant overhaul aimed at synchronizing the city’s over-the-counter (OTC) derivatives reporting framework, emphasizing both standard derivatives and emerging crypto derivatives. This undertaking, spearheaded by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), seeks to elevate the jurisdiction’s compliance with global financial standards.
In a significant move on September 27, the US Securities and Exchange Commission (SEC) reached a settlement with Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation. This development follows a tumultuous period for Mango Markets, which faced intense regulatory scrutiny after a shocking $100 million exploit in 2022. The fallout from this incident
Senator Cynthia Lummis of Wyoming recently expressed her belief that SEC Chair Gary Gensler may resign from his position next year. Her predictions emerged during a segment on CNBC’s Squawk Box, where she reacted to other hosts stating that Gensler enjoys his current role. Lummis dismissed the notion that Gensler would remain in his role
The cryptocurrency industry is undergoing significant scrutiny, particularly from regulatory and legal perspectives. A recent ruling by Judge Katherine Polk Failla from the Southern District of New York raises questions not only about the implications for crypto protocols such as Tornado Cash but also about the broader impact on software developers in the blockchain space.
The cryptocurrency market has been enveloped in regulatory uncertainty, yet recent statements from Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), have provided a crucial clarification regarding Bitcoin’s status. During a September 26 interview on CNBC’s Squawk Box, Gensler affirmed that Bitcoin is not viewed as a security. This assertion aligns with
In a significant, yet anticipated, move, the Australian Securities and Investments Commission (ASIC) has announced the introduction of a licensing framework for cryptocurrency service providers operating within the nation. As reported by the Australian Financial Review on September 23, ASIC Commissioner Alan Kirkland articulated that under the revised regulatory environment, local crypto enterprises will be
In an era marked by rapid technological advancements in finance, the regulation of stablecoins has emerged as a focal point for policymakers and financial regulators. Congresswoman Maxine Waters, a leading voice on the House Financial Services Committee, has recently signaled the urgency for a bipartisan consensus on stablecoin regulation before the end of 2024. Amidst
Sygnum, the Swiss cryptocurrency banking group, has embarked on a significant journey towards expanding its reach in the European market by securing a crypto license in Liechtenstein through its subsidiary, Sygnum Europe AG. This development is pivotal, as it allows the company to operate under the Token and Trusted Technology Service Provider Act (TVTG), approved
As digital currencies and decentralized finance (DeFi) ventures become increasingly popular, regulatory bodies like the U.S. Securities and Exchange Commission (SEC) are stepping into the spotlight to oversee their development and operation. Among the latest initiatives in this rapidly evolving space is former President Donald Trump’s DeFi project termed World Liberty Financial. According to SEC
