The FDIC has officially dropped its 2022 rule that forced banks to get prior approval before engaging in crypto activities. This move opens the door for financial institutions to explore the digital asset space without waiting for approvals that never arrived. The FDIC’s new guidance confirms that the “FDIC-supervised institutions may engage in permissible activities, …
Five Democratic Senators, led by Elizabeth Warren, are demanding answers from US regulators over potential conflicts of interest tied to World Liberty Financial’s (WLFI) new stablecoin, USD1. The crypto firm, backed by President Trump’s family, has raised concerns within the Senate Banking Committee. In a March 28 letter, they called on key officials, including Michelle …
Haliey Welch, popularly known as the “Hawk Tuah” girl, has officially been cleared of any wrongdoing after the U.S. Securities and Exchange Commission (SEC) closed its investigation into her controversial meme coin, $HAWK. Despite the token’s dramatic 95% crash just hours after its launch, regulators found no evidence of fraudulent activity or malicious intent on …
Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), recently addressed the Senate Banking Committee on March 27, calling for a clear and supportive framework for the cryptocurrency market. He said, “Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I …
The U.K. is gearing up for tougher crypto regulations, with just over a year left for the industry to prepare, revealed a senior official from the country’s financial regulator. New Authorization Process For Crypto Companies Matthew Long, director of payments and digital assets at the U.K.’s Financial Conduct Authority (FCA), shared in an interview with …
U.S SEC vs Crypto.com : The U.S. SEC has officially closed its investigation into Crypto.com without taking any action. Fox Business journalist Eleanor Terrett broke the news on X, and the exchange’s CEO confirmed it, highlighting Crypto.com’s strong compliance record. ????SCOOP: The @SECGov has officially closed its investigation into @cryptocom with no enforcement actions being …
According to a latest Bloomberg report, U.S. President Donald Trump has announced a 25% tariff on all non-U.S. manufactured cars. This is a move to boost American manufacturing with cars built in the U.S. being exempt. This is part of his larger plan to adjust trade relations, with more tariffs set to roll out on …
Congress is taking swift action to shape the future of stablecoins in the crypto world. The House of Representatives just released its version, following the Senate’s recent approval of a similar bill. New Bill to Align House and Senate Efforts This new legislation will set rules for how companies can create and use digital tokens …
David Sacks, the White House crypto czar, celebrated a big victory today. He announced that the Federal Deposit Insurance Corporation (FDIC) is following the U.S. Office of the Comptroller of the Currency (OCC) in removing “reputational risk” as a factor in bank supervision. This change effectively rolls back the controversial Operation Chokepoint 2.0 policies, which …
The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance. The roundtables, running from April to June, are part of …
The long-running legal battle between the SEC and Ripple has reached its final stages. Last week, the SEC agreed to drop its appeal without conditions, and Ripple has now decided to drop its cross-appeal. Under the terms of the agreement, the SEC will retain $50 million of the $125 million fine, which is already held …
Hester Peirce, a senior commissioner and head of the Crypto Task Force, at the U.S. Securities and Exchange Commission (SEC), has hinted that NFTs could be the next major crypto asset class to receive regulatory clarity. Peirce, a known advocate for crypto, indicated that the SEC may exempt certain types of NFTs from securities regulations, …
Ripple has recently reached out to the SEC, highlighting the need for clearer regulations in the crypto space. This comes after Hester Peirce, head of the SEC’s Crypto Task Force, sought public input on how to establish a clearer crypto taxonomy. Her request, titled “There must be some way out of here,” signals an effort …
The Pakistani government is considering Bitcoin mining as a solution to utilize excess electricity and reduce financial strain on its power sector. The Ministry of Energy has started discussions with key stakeholders to introduce a special electricity tariff for emerging industries, including crypto mining. This move aims to attract mining operators, boost economic activity, and …
The SEC’s crypto task force held its first public meeting on Friday, bringing together experts to discuss how securities laws apply to digital assets, as the Trump administration pushes to reshape cryptocurrency regulations. The participants included John Reed Stark, former SEC official, Miles Jennings from Andreessen Horowitz, and ex-SEC Commissioner Troy Paredes. The task force …
The International Monetary Fund (IMF) has updated its balance of payments standards to account for the rising influence of digital assets. IMF Adds Bitcoin to Global Economic Stats! In its latest seventh edition of the Balance of Payments Manual (BPM7), IMF included cryptocurrencies such as Bitcoin (BTC) in the balance of payments. According to the …
The Trump administration has been a strong advocate for crypto and a stablecoin bill. But now, bipartisan support for cryptocurrency is growing, boosting the chances of the stablecoin bill passing. As per a latest Bloomberg report, the Financial Services Committee will review the stablecoin bill on April 2. This development highlights the growing influence of …
March 21, 2025 17:14:43 UTC Caroline Crenshaw Asks Important Questions Commissioner Crenshaw said, “Does the contemplated change protect investors, the capital markets and national security? This is critical given the heighten risks associated with crypto assets, including their speculative nature. If the intention is to create a special rule for crypto assets, how can those …
On Friday, the U.S. Treasury Department’s sanctions watchdog lifted sanctions from Tornado Cash, a crypto mixing tool previously blacklisted for allegedly aiding North Korea’s Lazarus Group in laundering money from hacks and thefts. This decision comes following a federal appeals court ruled last November that OFAC could not sanction Tornado Cash’s smart contracts as they …
South Korea is tightening its grip on the crypto industry, and this time, foreign exchanges like KuCoin and BitMEX are in trouble. The country’s Financial Intelligence Unit (FIU) has identified multiple crypto platforms operating illegally without proper registration. These exchanges have been offering services to South Korean investors—providing Korean-language websites, marketing, and customer support—without complying …
China is waking up to the stablecoin challenge! Recently the United States doubled down on crypto development, announcing its intent to build a national strategic Bitcoin reserve. With US dollar-backed stablecoins spreading fast, thanks to Trump’s pro-crypto stance, Europe has already raised red flags over monetary control. Now, China is weighing its options. A recent …
On Thursday, the U.S. Securities and Exchange Commission (SEC) clarified that mining activities for Proof-of-Work (PoW) cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH) will not fall under current securities laws. This comes as a major regulatory development, offering more certainty for the mining industry and boosting confidence in the wider cryptocurrency market. …
The Trump administration has finally unveiled its plan to restructure USAID. This comes just weeks after President Trump teamed up with Elon Musk to cut government agencies, which led to thousands of USAID job losses and the elimination of most foreign aid contracts. According to Politico, Trump wants to shrink USAID and focus it on …
At the Digital Asset Summit 2025, President Donald Trump spoke via video, sharing his vision for the U.S. to lead in the world of crypto and financial technologies. He expressed that while it won’t be easy, the U.S. is already ahead, having hosted the first-ever White House Digital Summit just two weeks ago. The summit …
The Ripple vs SEC lawsuit is finally nearing its end after years of intense legal battles. This decision marks a massive win for both Ripple and the broader cryptocurrency industry, setting a critical precedent that could reshape future crypto regulations. After the lawsuit’s conclusion, XRP’s price jumped over 10%. With Ripple now past its regulatory …
Pakistan has officially legalized cryptocurrency, marking a historic shift in the country’s stance on digital assets. After years of uncertainty, the government is now putting a clear regulatory framework in place, opening doors for investors, traders, and businesses to participate in the crypto space without fear. The move is also seen as a “Trump card” …
Pakistan is taking a big step toward embracing digital assets by legalizing cryptocurrency. The move is expected to create new opportunities for investors and businesses in the country. By providing a legal framework, Pakistan aims to regulate the crypto market while ensuring security and transparency. This decision aligns with the growing global acceptance of digital …
After nearly four years of legal drama, the SEC’s case against Ripple has come to a close, bringing a sigh of relief to the entire community. The SEC, which initially filed the lawsuit in December 2020 over claims that Ripple’s XRP was an unregistered security, has now dropped its appeal, marking a major shift in …
Donald Trump will speak at the Digital Asset Summit (DAS) in New York on March 20, notably, this will be the first time a sitting U.S. president has ever joined a crypto conference. Just recently, Donald Trump hosted the inaugural White House Crypto Summit. While the crypto community wasn’t thrilled with the outcomes, the event …
The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trump’s immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership. Now that …