Regulation

The recent vote in the US House of Representatives regarding the rescindment of SEC Staff Accounting Bulletin (SAB) 121 failed to garner enough support to overrule President Joe Biden’s earlier veto. While there were 228 House members who voted in favor of HJ Res. 109 to end SAB 121, this number fell short of the

The recent announcement by the US Securities and Exchange Commission (SEC) regarding the conclusion of its investigation into stablecoin issuer Paxos has significant implications for the industry. The termination notice received by Paxos on July 9 signaled that the regulator would not be pursuing enforcement action against the company in relation to the Binance USD

The recent Senate Agriculture Committee hearing on digital commodities oversight saw CFTC chair Rostin Behnam expressing the agency’s willingness to potentially act as a primary regulator for the crypto industry. This development signifies a shift in the regulatory landscape for digital assets, with Behnam noting that the CFTC possesses the necessary expertise and experience to

The Chief Compliance Officer of Bitwise, Katherine Dowling, recently hinted that spot Ethereum ETFs are on the verge of being approved by the SEC. This news comes as a positive sign for the cryptocurrency industry, as it opens up new possibilities for investors looking to diversify their portfolios. Dowling’s comments shed light on the progress

The Republican Party has taken a significant step by including Bitcoin and other cryptocurrencies in their official platform for the 2024 election. This move reflects a shift within the party towards embracing digital assets and blockchain technology. Former President Trump’s recent statements on cryptocurrency seem to have influenced this decision, signaling a new direction for

Messari, a prominent US-based crypto market intelligence platform, has sent shockwaves through the industry by declaring independence from the Securities and Exchange Commission (SEC). The CEO of Messari, Ryan Selkis, did not mince his words when he stated that the company will be launching a war against the SEC, accusing the regulatory body of corruption

Former Solicitor General Donald B. Verrilli, who previously served during the Obama administration, recently made headlines by accusing US regulators of intentionally stifling the crypto industry through debanking practices. Verrilli, who now works as a senior legal strategist for Grayscale Investments, expressed his concerns in a joint amicus brief filed with Paul Clement, a former

South Korea’s Financial Supervisory Service (FSS) has announced plans to ramp up oversight of crypto trading platforms under its purview in order to crack down on fraudulent transactions. The regulatory body declared that local exchanges will be required to establish a “continuous monitoring system for unfair transactions” and report any “abnormal transactions” through a dedicated

Galaxy Digital CEO Mike Novogratz recently shared his optimistic outlook on the future of crypto regulation in the US, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support for the crypto sector, stating that it cannot thrive if only one party is in favor while the other opposes

The recent call by billionaire investor Mark Cuban for the US Securities and Exchange Commission (SEC) to modify Form S-1 highlights the challenges faced by token-based companies in registering with the authorities. SEC Commissioner Mark Uyeda has already acknowledged the problematic nature of the agency’s current approach to crypto disclosure filings, emphasizing the need for