The United States is getting closer to passing a major crypto law. On June 10, lawmakers will review the CLARITY Act, a bill aimed at setting clear rules for digital assets. This review, called a markup, is a key step before the bill can be voted on in the House of Representatives. ????NEW: @FinancialCmte has …
Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In a new fresh controversy, Musk has announced the immediate shutdown of SpaceX’s Dragon spacecraft, a key vehicle used by NASA. Musk Slams Spending Bill, Trump Threatens to Cut Billions Trump criticized Musk and said that the government should stop giving …
The South African Reserve Bank (SARB) has filed an appeal challenging a recent Pretoria High Court ruling, which criticized the use of outdated, apartheid-era legislation to regulate cryptocurrency. The central bank is pushing back against a legal loophole that could potentially allow unlimited funds to exit South Africa via crypto, a move SARB warns could …
A major regulatory storm is brewing in Europe, and it could put Bitcoin users in legal jeopardy. A recent consultation by the European Data Protection Board (EDPB) could potentially ban Bitcoin across Europe, according to Alexandre Statchtchenko, co-founder of French crypto exchange Paymium. Why Is the EDPB Targeting Bitcoin? The EDPB’s draft guidelines argue that …
SEC Chairman Paul S. Atkins has made cryptocurrency regulation a top priority of his leadership, pledging to replace the regulator’s controversial enforcement-first approach with a clear, structured rulebook. In his June 3 testimony, Atkins presented a vision to support innovation, protect investors, and eliminate fraud from the cryptocurrency ecosystem. Need for a Clear Crypto Regulatory …
The United Kingdom is moving toward stronger cryptocurrency regulations. The government is working on new rules to avoid penalties and ensure safe use of digital assets. These rules aim to support new technology while protecting users and keeping markets stable. Crypto is becoming more popular in the UK, and the UK crypto market is expected …
In a high-level meeting aimed at advancing digital asset cooperation, Pakistan’s Minister for Crypto and Blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, Executive Director of former President Donald Trump’s Council on Digital Assets. The conversation marked a significant move towards cross-border collaboration on crypto innovation and infrastructure development. Key Highlights of the Bilal-Hines …
Under President Donald Trump’s administration, the U.S. Securities and Exchange Commission (SEC) will cut 447 jobs next year, even as it requests a $2.149 billion budget for Fiscal Year 2026 — the same amount it received in the past two years. Same Budget, Smaller Workforce On May 30, SEC Chairman Paul Atkins submitted the agency’s …
On June 4, 2025, South Korea elected Lee Jae Myung—a known pro-crypto member of the National Assembly—as the new President, securing 49.42% of the vote. Lee’s victory marks a turning point for South Korea’s financial landscape, with bold promises for economic renewal and a digital asset revolution. Interestingly, his rival from the People’s Power Party …
SEC Chair Paul Atkins is pushing for big changes at the agency, in an attempt to reshape how it handles crypto. He testified before the Senate Appropriations Subcommittee on Financial Services and General Government on Tuesday, calling it “a new and brighter day for the SEC.” Atkins Wants Clear Rules to Stop Crypto Scams Atkins …
Truth Social, a social media platform backed by the United States President Donald Trump, has filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. SEC. According to a recent SEC filing, the Truth Social seeks to list and trade shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange. The …
In 2025, Pakistan made a historic pivot from crypto skepticism to proactive regulation, marking a strategic shift in its digital finance landscape. The government introduced a legal framework aimed at embracing blockchain innovation, attracting foreign investments, and driving digital inclusion. The launch of the Pakistan Crypto Council (PCC) and Pakistan Digital Assets Authority (PDAA) highlights …
As Australia’s financial year ends on June 30, 2025, sweeping changes are set to take effect starting July 1. A new tax law will significantly impact capital gains, especially for high-net-worth individuals, and is expected to reshape how investors manage both traditional and digital assets. Australia Crypto Tax Law Targets Unrealized Gains A major policy …
Pakistan is taking a big leap toward regulating the crypto space—despite cryptocurrency still being illegal in the country. On June 2, the Pakistan Crypto Council (PCC) held a high-level meeting in Islamabad to draft a regulatory framework for digital and virtual assets, marking a major shift in the nation’s crypto policy direction. Crypto Regulation Draft …
Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be ceased. The Monetary Authority of Singapore (MAS) stated that local crypto providers, which offer digital tokens abroad, will be stopped under its Financial Services and Markets Act of 2022 (FSM Act). Singapore enforces strict regulations for unlicensed crypto providers MAS …
After years of uncertainty, India is finally taking a decisive step on cryptocurrency regulation. This move follows global momentum after U.S. President Donald Trump endorsed crypto assets, prompting several nations to reassess their stance. While countries like Pakistan surprised the world by proposing a government-led Bitcoin reserve, India remained hesitant. But now, a major shift …
As of 2025, Hong Kong has secured its place as one of the leading crypto hubs across the globe, beating several global financial centers. The country is also known as the world’s most “crypto-ready” location in 2025. It is also considered the second most friendly crypto city in the world, offering the most structured and …
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 …