With Donald Trump returning to the White House for a 2nd term, new changes may be on the horizon that could benefit the crypto industry. A major campaign promise from Trump was to replace Gary Gensler as the head of the U.S. (SEC) who has been strict on crypto regulations, with a more crypto-friendly leader. …
Detroit’s got something different in store for 2025: it’s letting residents pay taxes and fees in cryptocurrency. This makes Detroit the largest U.S. city aiming to add crypto to its accepted payment methods. This is a bold move for a city eager to embrace tech innovation. The Detroit crypto payment plan is set to work …
Poland’s financial regulator, the KNF, has issued a warning about Crypto.com’s operations, raising concerns over possible regulatory issues. The alert targets Foris DAX MT, the Malta-based company behind Crypto.com, for unauthorized financial activities but stops short of banning the platform. Polish Bitcoin advocate Tomek Kolodziejczuk explained that the warning is just a precaution for investors, …
The first 100 days are crucial for Donald Trump after taking charge as the 47th US President. As Trump’s return to office in January 2025 approaches, the crypto world is abuzz with talk of who might replace current SEC Chair Gary Gensler. Crypto has won half the battle with pro-crypto governance whereas many things need …
With Donald Trump now elected as the next U.S. president, market sentiments have turned positive as experts foresee Bitcoin crossing major benchmarks by 2025. Moreover, JPMorgan analysts envision a strong outlook for both gold and bitcoin. The bank’s team, led by managing director Nikolaos Panigirtzoglou, has highlighted the term “debasement trade,” This is an investment …
France’s gambling watchdog, the Autorité Nationale des Jeux (ANJ), is planning to ban Polymarket, a crypto-based betting platform, for operating illegally in the country. The decision follows Polymarket’s rise in popularity after a French user made large bets on the U.S. presidential election. Over $3.5 billion was wagered on the U.S. election alone. While the …
Following Trump’s presidential win, Senator Cynthia Lummis renewed her push to establish a strategic Bitcoin reserve. Her BITCOIN Act of 2024 proposes the U.S. Treasury acquire 1 million Bitcoins over five years to strengthen financial stability, cut national debt by half by 2045, and position the U.S. as a leader in financial innovation. With Republicans …
U.S. Senator Cynthia Lummis, famously called the “Crypto Queen,” has a big plan in mind: she wants the U.S. to build a Bitcoin reserve. Lummis believes this bold move could boost America’s economy by treating Bitcoin as a new kind of financial asset. But is Bitcoin really stable enough for that? Let’s dig into her …
Donald J. Trump has been re-elected as the 47th US President. The crypto industry anticipates whether he will fulfill his promises to support its growth, including commitments made this year’s involving SEC Chair Gary Gensler. This could significantly affect the Ripple vs. SEC lawsuit and potentially pave the way for the approval of a spot …
In a research report on Thursday, Bernstein analysts expect a new “crypto-friendly” SEC Chair and Senate Banking Committee to accelerate regulatory clarity for the industry after Donald Trump’s win in the US Presidential election. The U.S. election result should improve regulatory clarity for digital assets, with the SEC and Senate Banking Committee becoming more crypto-friendly …
Following Donald Trump’s 2024 election win, speculation is mounting that U.S. SEC Chair Gary Gensler may soon exit his role. A recent report from 10X Research hints that Gensler could step down by December or January, aligning with the usual timing of SEC chairs stepping down as new presidents take office. For example, Jay Clayton, …
Donald Trump has declared victory as the 47th U.S. president, and all eyes are now on SEC Chairman Gary Gensler. Trump has promised to fire Gensler as soon as he steps into office, creating buzz in the crypto world. Will Gensler’s time at the SEC be over soon? Amid this growing speculation about Gary Gensler’s …
Crypto’s growing influence in the political landscape of the US this year is not unknown. With Trump’s win in the 2024 US Presidential elections, the pro-crypto sentiment in the market has gotten even stronger. Bitcoin even touched its highest ever of $75K in anticipation of a Trump win. Amidst the market optimism, Coinbase CLO, Paul …
A Republican-led Senate is poised to pass clearer crypto regulations, signaling a shift toward industry-friendly policies in the US.
With Donald Trump winning the 2024 US Presidential Elections, the significant event has now set the stage for Clearer cryptocurrency regulations and the end of SEC’s hostility towards crypto. Notably, Ripple CEO Brad Garlinghouse has also joined the celebrations of crypto candidates and Trump’s victory in the elections. He took to X on November 5 …
It was in 2016 that Donald Trump became the president of the United States of America for the first time. At that time, the cryptocurrency industry was in its nascent stage. In the previous election, he was defeated by Joe Biden. During the Biden administration, the crypto industry suffered a lot, especially in the form …
Elizabeth Warren secured her fourth term in the Massachusetts Senate race, defeating Republican and pro-crypto candidate John Deaton. Warren, a vocal crypto critic, has supported anti-money laundering legislation extending traditional financial regulations to the crypto sector, affecting miners and wallet providers. Deaton, backed by figures like Ripple CEO Brad Garlinghouse, challenged Warren’s regulatory focus, suggesting …
As the U.S. presidential election approaches nearer, there is rising speculation over who could be the next SEC Chair. The current SEC Chair, Gary Gensler, appointed by Joe Biden in 2021 has been criticized over his stringent regulatory stance, particularly concerning cryptocurrency markets. Under Gensler, numerous enforcement actions have been taken against major entities. Therefore, …
In a first for the UK, a British pension fund has added Bitcoin to its balance sheet, allocating 3% of its portfolio to the cryptocurrency. Cartwright, the pension advisory firm behind this one-of-a-kind move, announced on Monday that it had advised the fund to make this strategic investment. According to Cartwright, Bitcoin’s potential as a …
Bernstein analysts predict a price target of $200,000 by the end of 2025 regardless of the US election outcome on Tuesday. While Trump is considered a pro-crypto candidate in comparison to Harris’ who might potentially have a hawkish take on crypto like the Democrats, however, the party has shown a significant shift in its stance …
The federal government is advancing crypto regulation in Pakistan by proposing a series of amendments to the State Bank of Pakistan (SBP) Act, which grants the SBP the authority to issue digital currency. These amendments aim to allow dual nationals to occupy key positions within the central bank and to legalize the use of digital …
The Monetary Authority of Singapore (MAS) has recently stated that it has planned to deepen its roots in the support for asset tokenization. Reportedly, Singapore’s central bank plans to enhance its liquidity and adoption of tokenization in the financial service sector. Notably, the central bank said that it will focus on forming commercial networks by …
The crypto market eagerly awaits the upcoming FOMC interest-rate decision by the US Federal Reserve this week. One of the highly anticipated events this week is expected to shape the sentiments in the digital assets space, potentially setting the path for Bitcoin and other altcoins.. Rate Cut Soon? The digital asset market has reacted positively …
XRP, currently the seventh largest cryptocurrency by market capitalization, has experienced a remarkable surge in trading volumes over the past 24 hours, jumping by more than 40%. This uptick in trading comes on the heels of a new update regarding the Ripple-SEC lawsuit, which is currently in the appeals phase. Just last week, the SEC …
DWF Labs’ Managing Partner, Andrei Grachev, announced potential legal action against Eugene Ng, a founding partner recently dismissed from the firm following allegations of drink spiking. Ng’s removal from DWF’s team page came after X user Hana accused him of drugging her drink during an October 24 meeting in Hong Kong, prompting police involvement. Grachev …
Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.
Joining the ranks of several firms that have already initiated similar efforts, 21Shares has recently filed with the US Securities and Exchange Commission (SEC) to launch an XRP ETF. This filing, submitted today, signals the firm’s intention to offer an investment product centered around Ripple’s native cryptocurrency. 21Shares Files For XRP ETF Amid Rising Demand …
On October 31, the United States Court of Appeals for the Second Circuit, held at the Thurgood Marshall US Courthouse in New York, ordered the Securities and Exchange Commission (SEC) to file its brief on or before January 15, 2025. This follows the SEC’s request on October 24 to extend the deadline for its principal …
JPMorgan Chase has agreed to pay $151 million to settle five SEC charges, including allegations of misleading disclosures to clients. The SEC says the U.S.’s largest bank put customers at risk by failing to reveal conflicts of interest across several business lines fully. The settlement includes $61 million in fines and $90 million in reimbursements. …
In a bold and strategic move, Crypto.com has announced the acquisition of an SEC-registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This acquisition will enable Crypto.com’s new subsidiary to offer equities and equity options, among other things, to eligible traders in the U.S. The acquisition is set to significantly enhance Crypto.com’s product …