The ongoing Ripple case could be dismissed by the SEC, especially in light of recent shifts in political leadership. With the outcome of the election possibly influencing the SEC’s regulatory approach, there is growing speculation that the agency may adopt a more flexible stance on high-profile crypto lawsuits, including those involving Ripple, Coinbase, Binance and …
The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong Kong’s central […]
According to the latest report from Reuters, The U.S. Attorney’s Office in Manhattan will now devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday. Fewer Prosecutors To Work On Crypto Cases Scott Hartman, co-chief of the securities and commodities …
The Hong Kong Monetary Authority, in its latest press release, has cautioned the public about certain crypto firms that are posing as banks. This comes as local regulators intensify efforts to combat fraud amid the region’s push to establish itself as a crypto hub. It noted two overseas crypto firms that are not licensed banks …
While many countries are rushing to adopt central bank digital currencies (CBDCs), Norway is taking its time. A government committee has advised politicians to hold off on introducing a digital currency, even as cash use continues to decline. The group, in its report to Finance Minister Trygve Slagsvold Vedum, suggested that while there’s no immediate …
South Korea’s Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country’s leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations. Monopoly Concerns and Regulatory Scrutiny As per local news reports, …
Consensys CEO Joe Lubin anticipates a favorable shift for the crypto industry with Donald Trump’s reelection, expecting that many SEC cases against crypto firms could be “dismissed or settled.” Speaking at DevCon 2024 in Thailand, Lubin suggested that Trump’s pro-crypto stance and his pledge to remove SEC Chair Gary Gensler could potentially save the industry …
In a speech during the Practicing Law Institute and the 56th Annual Institute on Securities Regulation held in New York on Thursday, November 14, US SEC Chair Gary Gensler hinted he may be leaving the agency soon. In regards to the crypto market, Gensler highlighted that Bitcoin, Ethereum, and stablecoins are not securities. However, the …
Donald Trump is reportedly considering a groundbreaking plan to eliminate capital gains taxes on U.S.-issued cryptocurrencies. If implemented, this could make profits from popular digital assets like Cardano (ADA), Algorand (ALGO), Ripple (XRP), and Hedera (HBAR) tax-free for American investors. Sources close to Trump’s transition team say that the proposal would require crypto-issuing companies to …
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, reiterated his call for cryptocurrency exchanges to register with the agency and highlighted the need for proper disclosures from those selling securities, as his tenure at the SEC may be nearing its conclusion. This comes amid Trump’s victory in the election and his threat …
President-elect Donald Trump’s proposal to create a national bitcoin reserve is gaining popularity across the country as several states are now considering implementing their own cryptocurrency reserves. In a remarkable development, The Pennsylvania House of Representatives introduced a bill today that, if passed, would allow the state to hold Bitcoin as a reserve asset on …
As the U.S. races to establish itself as a global crypto hub, China could face pressure to adapt its policies. If China does relax its crypto ban, the impact on the global crypto market could be substantial, opening new avenues for investment and adoption across Asia. While a complete policy reversal is uncertain, industry leaders …
The crypto market has seen a massive rally following Donald Trump’s victory in the US presidential elections. For the past week, the sector’s expectations for the newly elected pro-industry administration have grown as a clearer regulatory framework seems within reach. However, some believe the Securities and Exchange Commission (SEC) still needs to do more to […]
The UK government is set to introduce new crypto regulations this month, aiming to keep startups from being lured by Donald Trump’s pro-crypto policies in the US. The Treasury is preparing legislation focused on stablecoins and staking, to offer a clearer framework that could enhance the UK’s appeal as a digital asset hub. Industry insiders, …
In a groundbreaking move, Coincheck, a Japanese cryptocurrency exchange owned by Monex Group, has secured SEC approval to list on the Nasdaq, which makes it the first Japanese crypto exchange to do so. Coincheck is anticipated to make its debut as early as December 10th. Through a merger with Thunder Bridge Capital Partners IV (TBCP), …
President-elect Trump has nominated Fox News host Pete Hegseth as Secretary of Defense, marking a surprising choice. Hegseth, a decorated military veteran with combat experience in Iraq, Afghanistan, and Guantanamo Bay, is known for his “America First” non-interventionist stance on foreign policy. Trump praised him as “a Warrior for the Troops,” emphasizing his leadership qualities. …
Ripple’s case against the SEC, long seen as a landmark legal struggle for the crypto industry, may be nearing a resolution — or even a dismissal. Speculation has intensified following Donald Trump’s re-election and his pro-crypto stance, with Ripple CEO Brad Garlinghouse expressing hope for a favorable outcome. Garlinghouse, optimistic about a fresh approach from …
XRP is showing signs of a major price rally, with experts predicting that it could be on the verge of a massive pump. This potential surge has traders and analysts excited, as they believe the current moment is the perfect time for XRP to explode in value. The altcoin has broken out of a falling …
Crypto investment products experienced a surge in inflows, totaling $1.98 billion from November 3-9, marking the fifth consecutive week of positive momentum. According to CoinShares, these recent inflows contributed to $7.7 billion in total inflows over five weeks, representing 24% of the $31.3 billion year-to-date. Spot Bitcoin ETFs in the United States were the primary …
Crypto investment products experienced a surge in inflows, totaling $1.98 billion from November 3-9, marking the fifth consecutive week of positive momentum. According to CoinShares, these recent inflows contributed to $7.7 billion in total inflows over five weeks, representing 24% of the $31.3 billion year-to-date. Spot Bitcoin ETFs in the United States were the primary …
Nate Geraci, the CEO of ETFStore has predicted filing of multiple crypto ETFs this week. He shared from his X account that multiple issuers have been waiting for this moment. What does he mean by this, let’s explore. Victory of Donald Trump Everybody in the crypto industry has been waiting for the results of US …
In the latest development, Norway is currently considering the potential adoption of a central bank digital currency (CBDC). In the process, Norway’s Central Bank, Norges Bank, has endorsed the Markets in Crypto-Assets (MiCA) regulation, which is a landmark framework created by the European Commission (EC) that focuses on maintaining financial stability. The Markets in Crypto-Assets …
Ethereum (ETH) recorded its largest three-day gain of 2024, as it surged 21% after Trump won the U.S. presidential elections. Despite institutions actively accumulating Bitcoin through spot Bitcoin ETFs, sentiment towards Ethereum has been mixed. However, the recent surge in ETH prices has attracted the interest of ‘smart money’, with a net inflow of $132 …
Bitcoin may be gearing up for a massive rally as it enters “Phase 2” of its historic bull run. On-chain data from CryptoQuant reveals a striking pattern similar to 2017, with long-term holders (LTHs) reversing their recent sell-off. This suggests fresh capital is flooding in, and Bitcoin could soon experience a second phase of explosive …
According to the President of the Texas Blockchain Council, the recent election outcome brought much-needed relief for the industry.
In order to strengthen its ailing economy, China has approved a 10 trillion yuan ($1.4 trillion) plan by allowing local governments to refinance their debt, revealing additional stimulus measures to counter a potentially volatile growth path as Trump is all set to return to the White House. Efforts To Stabilise Faltering Economy The world’s second-largest …
A Trump administration may lead to a less restrictive SEC Chair and more transparent crypto regulations.
President-elect Donald Trump has made his first major appointment for his second term, naming Susie Wiles as his White House chief of staff. Wiles, who was a key figure in Trump’s 2016 and 2020 campaigns, is the first woman to ever hold this role. Her appointment marks a significant step as Trump begins to organize …
Web3 professional Agne Linge believes that for broader DeFi adoption, regulations must catch up to make people feel safe.
SEC Commissioner Mark Uyeda, known for his vocal criticism of the agency’s approach to crypto regulation, is backing President-elect Donald Trump’s pledge to end what many see as the Biden Administration’s anti-crypto crackdown. Uyeda, who joined the SEC in 2022, could assume the acting chair role when Trump takes office in January 2025. Speaking with …