Rumors are doing rounds on the internet that Fed Chair Jerome Powell is set to resign today (June 1, 2025), and rate cuts are on the way. However, many X Users have dismissed these claims as baseless, as there is no official evidence to back them. Massive Market Crash To Follow? Some experts believe that …
Story Highlights IRS demands Coinbase data to combat crypto tax evasion; user claims Fourth Amendment violation. Supreme Court decision could reshape privacy rights for millions of crypto users nationwide. The U.S. government is urging the Supreme Court to dismiss a legal challenge from James Harper, a Coinbase user who claims the IRS violated his constitutional …
The United States Securities and Exchange Commission (SEC) voluntarily dismissed the lawsuit against Binance, Binance U.S., and cofounder Changpeng Zhao (CZ) on May 29, 2025. According to court filings in the U.S. District Court for the District of Columbia, the dismissal was finalized through a joint stipulation signed by lawyers from both sides. CZ affirmed …
At the Bitcoin conference in Las Vegas, Vice President JD Vance made statements that turned heads. From backing Bitcoin to providing surety that crypto will be a priority, Vance received some loudest cheers. Vice President JD Vance Delivers Remarks at Bitcoin 2025 Conference at Las Vegas, NV https://t.co/m2IIVUS1j4— Vice President JD Vance (@VP) May 28, …
Tech billionaire Elon Musk has once again made headlines by publicly voicing his frustration over an important government spending and tax cut bill. The outspoken SpaceX and Tesla CEO, who has invested nearly $300 million into Donald Trump’s 2024 presidential campaign and Republican-aligned causes via his America PAC, expressed disappointment in the legislation during a …
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being …
El Salvador made history in 2021 as the first nation to adopt Bitcoin as legal tender. By 2025, the country has shifted toward a more regulated and voluntary framework for cryptocurrency, balancing innovation with international financial obligations and domestic realities. Table of contentsEl Salvador Crypto Regulation 2025: Major Developments TimelineMarch 2025: New Regulatory Framework Comes …
The Pakistani government has appointed a special assistant to the prime minister on blockchain and cryptocurrency, a local news outlet reported on Monday. Bilal Bin Saqib to Lead Pakistan’s Crypto Push Bilal Bun Saqib has been given the new role. He is the chief advisor to the finance minister and the CEO of the Pakistan …
Thailand is stepping into the crypto spotlight, with fresh plans to let tourists spend cryptocurrencies during their visit, all while pushing forward a regulatory revamp of its financial sector. As per the local media report, Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled the country’s bold new direction at a May 26 investment seminar …
Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence (AI) infrastructure, marking a major leap toward becoming a digital-first economy. On May 25, 2025, Finance Minister Muhammad Aurangzeb announced the bold strategy, stating, “This strategic allocation marks a pivotal moment in Pakistan’s digital transformation journey, unlocking economic potential by …
Bitcoin is pushing toward a breakout at $112K while Ethereum stays steady after the Pectra upgrade. Trump Media’s massive $3B crypto play turns heads, and India stirs the pot with calls for tax reform. Meanwhile, BNB, ADA, and XRP take a slight breather. While the whole crypto market is swelling with optimism. India’s crypto industry …
In a recent interview, the U.S. Treasury official Scott Bessent made headlines with his strong support for digital assets and stablecoins. Bessent, now the CEO of Key Square Group, believes that U.S.-backed stablecoins could create a massive $2 trillion demand for U.S. Treasuries, a move that could reshape global finance and strengthen the U.S. dollar’s …
Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited. CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making …
India is becoming a global crypto powerhouse with over 100 million active users expected in 2025. If you are confident to start your crypto journey in India, here is a step-by-step guide. Buying crypto via a centralised crypto exchange– Step 1 – Choose an exchange and create an account You can start by signing up …
As crypto continues to grow worldwide, Russia is tightening its grip on how it’s used and tracked. From banning USDT to nabbing illegal crypto mining in the country, they are making sure that crypto is safe from scams. The country’s anti-money laundering agency, Rosfinmonitoring, has made it clear to the Russian citizens that crypto transactions …
Starting June 2025, South Korea will allow non-profits to sell donated cryptocurrencies and let exchanges convert user fees paid in crypto. At the same time, the Financial Services Commission (FSC) is stepping up efforts to prevent money laundering by enforcing stricter KYC (Know Your Customer) rules. Exchanges and banks must improve their identity checks and …
The U.S. SEC is again entering a controversial phase under new Chair Paul Atkins. In his first major congressional appearance, Atkins faced tough questions about the agency’s handling of crypto fraud cases, particularly its pause in proceedings against Justin Sun and the growing political noise around meme coins tied to Donald Trump. The hearing spotlighted …
The U.S. Securities and Exchange Commission (SEC) has charged New York-based Unicoin Inc. and several of its top executives for misleading thousands of investors and raising over $100 million through false promises. What Happened? The SEC claims that Unicoin and its leaders, including CEO and Board Chairman Alex Konanykhin, board member Silvina Moschini, and former …
On May 20, 2025, the Supreme Court of India expressed concern over the central government’s delay in establishing a clear regulatory framework for cryptocurrencies. The court likened unregulated Bitcoin trading to a “hawala business,” an informal and often illegal method of transferring money, highlighting the potential for misuse and economic impact. The justices emphasized the …
The Supreme Court of India has made it clear that cryptocurrency should be regulated, not banned. The Court pointed out that profits from Bitcoin are already taxed at 30%, which shows that crypto is legally recognized to some extent. If it’s being taxed, it makes sense to regulate it properly. This statement marks a major …
XRP just hit a milestone—regulated futures are now live on the CME, one of the world’s largest exchanges. This is the first regulated XRP futures contract in the U.S and could be a game-changer for XRP’s price, boosting the chances of an XRP ETF approval in the near future. A Win for Institutions? The regulated …
The U.S. Senate has passed a motion to move forward with the GENIUS Act. The motion to invoke cloture — which allows the Senate to proceed with debating the bill — was approved with a 66-32 vote. Interestingly, more than 15 Democratic senators, including Catherine Cortez Masto, Adam Schiff, Mark Warner, and Ruben Gallego, changed …
The long-running Ripple vs SEC battle might finally be wrapping up this year. With settlement talks and a critical SEC meeting this week, the stakes are higher than ever for XRP. Here’s a quick rundown of where things stand, what’s next, and why this week could be crucial for XRP. 2024 – SEC Files For …
The U.S. Senate is preparing to vote on the GENIUS Act (Guaranteed Electronic USD Issuance and Safeguards Act) on May 19, 2025. The bipartisan bill, co-sponsored by Senator Bill Hagerty (R-TN) and Senator Kirsten Gillibrand (D-NY), aims to establish the first-ever regulatory framework for payment stablecoins in the United States. Hagerty Eyes Bipartisan Breakthrough Senator …
The UK government is taking a bold step to tighten crypto regulations. Starting in 2026, crypto service providers must collect and report user data under the OECD’s Crypto-Asset Reporting Framework (CARF) — a global initiative aimed at boosting tax transparency and curbing evasion. This move places the UK in sync with over 40 countries, including …
At the Consensus 2025, Kevin O’Leary, the chairman of O’Leary Ventures, opened up about why crypto has been stuck in limbo: unclear regulations. He explained that without clear rules, huge players like pension funds and sovereign wealth funds are sitting on the sidelines, hesitant to invest seriously in digital assets. Kevin also shared his experience …
A major crypto milestone may be just around the corner. According to filmmaker and angel investor Paul Barron, the GENIUS Act, a landmark bill focused on regulating stablecoins, could pass as early as next week, citing direct sources from Washington. This bill isn’t just another piece of legislation—it could redefine the future of U.S. crypto …
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has felt like a never-ending saga for the crypto community. Just when it seemed like both sides were ready to wrap things up, a surprise twist delayed the process yet again. A Curveball from Judge Torres According to pro-XRP lawyer John Deaton, …
Pakistan has signed a crypto deal with World Liberty Financial (WLF), a Defi firm where the Trump family owns about a 60% stake. However, the timing has raised eyebrows as it comes just days after the peace negotiations between India and Pakistan. For the unversed, Trump is taking credit for facilitating peace between the two …
Ukraine is all set to make history by creating Europe’s first Strategic Bitcoin Reserve — a step backed by Binance. The country is currently pushing to legalize cryptocurrency and expand its financial system. As reported by Incrypted, officials have confirmed the plans to introduce the bill soon. However, the proposal is not yet finalised. Earlier …