U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy. He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow …
Crypto prices dropped after U.S. Federal Reserve Chair Jerome Powell warned that higher tariffs and rising prices could slow down the economy. Speaking in Chicago, he said these changes might lead to stagflation, a mix of high inflation and low growth. Powell also talked about keeping the Fed independent from politics and pointed out how …
China has built up a large stash of cryptocurrencies from illegal activities, and now local governments are looking for ways to sell off the holdings. Courts and financial industry have raised concerns calling out on clearer rules to handle these digital assets. Despite its 2021 ban on crypto trading, recent reports reveal that China has …
The long-standing legal battle between Ripple and the SEC may be nearing a historic resolution. In a court filing dated April 10, both parties agreed to pause their appeals as they enter active settlement discussions, sparking speculation that the incoming SEC Chair, Paul Atkins, may be ready to drop the case altogether. The filing noted …
UK government minister Lucy Powell’s X account was recently hacked to promote a fake cryptocurrency called “$HCC” claiming to be a “House of Commons” coin, BBC reported. House of Commons Leader’s Account Hacked to Promote Fake Coin The now deleted posts on the House of Commons leader’s account described the coin as “a community-driven” digital …
South Korea is cracking down on unregistered crypto platforms as a statement released on Monday revealed that the regulators have asked Apple to block 14 related apps from the local App Store in a move to tighten the oversight of illegal crypto activity and protect the users. Major exchanges like KuCoin and MEXC are being …
Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account. Seamless Trading of …
Binance executives recently met with the US Treasury officials in order to discuss reducing government oversight and a potential collaboration with Trump-backed crypto company World Liberty Financial as per a report from Wall Street Journal. Executives Ask To Ease Oversight The executives reportedly asked to ease the government oversight and requested the removal of a …
A local court in China recently sentenced nine Chinese fraudsters to prison terms over defrauding Indians of about $6 million through USDT fraud. Notably, the scheme involved using translation and chat software to befriend foreigners, gain their trust and trick them into investment by defrauding their money. Over 66,000 Indians Fell To the Scam The …
Ripple CEO Brad Garlinghouse recently spoke about the end of XRP’s legal fight as the new SEC Chair has officially been appointed, in an interview with Fox Business. He highlighted the recent shift in the US government’s crypto stance and also noted a crucial area that still needs clarification. In the interview, Garlinghouse discussed the …
Acting SEC Chair Mark Uyeda has hinted that the agency may explore a “sandbox” rule for tokenized securities, according to Fox Business reporter Eleanor Terrett. This could be a short term relief framework for digital assets that could allow both registered and unregistered crypto firms to innovate while the agency frames permanent solutions. She clarified …
The second roundtable hosted by the SEC’s Crypto Task Force was held in Washington, with the purpose of addressing how the existing regulatory framework can better facilitate crypto asset trading in the United States. Mark Uyeda opens the event Acting Chairman Mark Uyeda presided over the session, joined by Commissioners Hester Peirce and Caroline Crenshaw. …
After a long legal fight, Empower Oversight received a report from the SEC’s Office of Inspector General. The report investigated whether former SEC official William Hinman had a conflict of interest when he said Ethereum was not a security. At the time, Hinman was still getting payments from his former law firm, which was linked …
Japan’s Financial Services Agency (FSA) in a latest discussion paper has proposed updates to crypto regulation. It plans to divide digital assets into two categories so that it could be regulated better and aims to make crypto rules more effective and easier to apply. The agency demands public feedback on the proposal before finalizing it …
China tariffs on US goods are now raised to 125% as the trade war escalates between US and China with no signs of slowing down. This comes shortly after President Trump increased duties on Chinese imports to 145%. Notably, the announcement also included that if the US continues to impose tariffs on Chinese goods exported …
The US SEC has issued new guidance on how federal securities laws apply to crypto asset-related offerings and disclosures. The SEC is urging crypto companies to be more transparent especially those involved with tokens that could be considered as securities. ‘Material Aspects’ to Be Disclosed The SEC requires companies to clearly explain the material aspects …
President Donald J. Trump has officially signed a resolution into law repealing the IRS’s controversial DeFi Crypto Broker Rule. This historic move marks the first time a U.S. president has signed a crypto-related bill into law. The rule, which targeted decentralized finance platforms, faced strong opposition from both sides of the aisle. With bipartisan support, …
For the first time, the U.S. has officially passed a pro-crypto law — and it’s a pretty big deal. In a big win for the crypto community, President Donald Trump has officially signed off on the repeal of the controversial IRS “DeFi Broker Rule.” This marks the first time a crypto-related bill has ever become …
The US House of Representatives have approved a major budget bill which involves slashing taxes and cuts trillions in dollars in government spending. Despite opposition from Democrats and strict republicans, the bill still made it through. Notably, the budget is a crucial part of Trump’s policy goals which he calls ‘a big, beautiful bill’. He …
Initial days of the Trump administration saw many moves suggesting that digital assets might not be regulated as securities. However, critics argue that much of it was performative like task forces, executive orders, and pressers without solid policy. Experts and practitioners are disappointed because there has been no real or solid regulatory changes like new …
China Slams US With 84% Tariffs China is hitting back harder in the trade war as it announced it will raise tariffs on American goods to a staggering 84% starting Thursday, up from the previously set 34%, effective from April 10, 2025, according to the Ministry of Finance of the People’s Republic of China. It …
Argentina’s Chamber of Deputies on Tuesday, approved three proposals aimed at launching a special commission to investigate into the LIBRA memecoin scandal. The controversy has been a cause of concern for President Javier Milei’s administration since February. Initially, the Libertarian President praised the LIBRA memecoin as a private initiative to boost Argentina’s economy by supporting …
The US Department of Justice on Monday announced that it is officially disbanding its crypto crime unit, which was dedicated to crypto-related investigations, reported Fortune Crypto. DOJ Shuts Crypto Unit Amid Trump’s Pro-Crypto Shift Blanche, a top official at the Justice Department and Trump’s former lawyer, said that they’re shutting down the crypto crime unit, …
A Nigerian court has postponed Binance’s tax evasion case to April 30, giving the country’s tax agency more time to respond to the exchange’s legal filings, according to Binance’s legal team. Nigeria Demands $81B for Unpaid Taxes and Damages The Federal Inland Revenue Service (FIRS) is demanding $2 billion in unpaid taxes and $79.5 billion …
Since his induction, US President Donald Trump has adopted several initiatives to support the growth of the cryptocurrency market. As part of the Trump administration’s pro-crypto policy, the new US regime has appointed several pro-crypto leaders to key administrative positions. The appointment of Howard William Lutnick as the US Secretary of Commerce, is among those …
The Delhi High Court has stepped in as WazirX faces backlash for allegedly restructuring user crypto assets without consent. Petitioners claim that the platform is making changes without user consent, affecting even those assets not hit by a past cyberattack. The court issued a notice on March 28, 2025, in response to a petition filed …
The crypto world is no stranger to scandals, but Tron founder Justin Sun is sounding the alarm on a situation he claims could be even worse than the infamous FTX collapse. The controversy is built around the First Digital Trust (FDT), a Hong Kong-based custodian reportedly involved in unauthorized fund transfers. Sun isn’t pulling any …
The U.S. government is getting closer to opening up just how deep its hands go into the crypto jar. As global markets wobble and crypto prices swing, a crucial deadline looms for American federal agencies. They must report their Bitcoin and other crypto holdings to the Treasury Secretary by Monday—a move that could shape future …
In a move to tighten oversight in the crypto space, Hong Kong’s Securities and Futures Commission (SFC) has rolled out fresh guidelines for licensed virtual asset trading platforms and SFC-authorised funds involved in staking. The SFC’s new rules highlight the benefits of staking, such as boosting blockchain security and helping investors earn yields in a …
The Hong Kong Securities and Futures Commission (SFC) has released updated guidelines for licensed virtual asset trading platforms. The new rules allow these platforms to offer staking services, enabling users to earn rewards on digital assets. However, the guidelines mandate strict risk reduction measures, robust protection of customer assets, and full disclosure of staking risks. …