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. …
FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to $2.5 billion—have been rejected after users missed the March 3 deadline to verify their identities. This major disqualification shows how seriously the collapsed crypto exchange is now enforcing Know Your Customer (KYC) rules as it works through legal and financial …
Despite a sharp market sell-off following the president’s tariff announcement, the Federal Reserve isn’t rushing to change course. Fed Chair Jerome Powell, speaking at the Society for Advancing Business Editing and Writing Annual Conference, emphasized that the Fed is not yet ready to change interest rates. He noted that they are waiting for greater clarity …
The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly …
Global markets are on edge as China slams the U.S. with a 34% tariff, sending shockwaves through Wall Street and crypto. Bitcoin, which had recently shown signs of recovery, climbing above $84K, took a hit as Nasdaq futures plunged further. Bitcoin slipped from $84,600 to $83,000, however the drop isn’t as sharp as expected. That’s …
Tron founder Justin Sun has publicly accused First Digital Trust (FDT), a Hong Kong-based financial institution, of severe financial misconduct. FDUSD, a stablecoin from Hong Kong’s First Digital, recently dropped below its $1 peg due to concerns over its reserves, falling to $0.87 against USDT and $0.76 against USDC, before it stabilised around $0.98–$0.96. Sun …
The U.S. Senate Banking Committee recently held a crucial vote to advance President Trump’s nominees for key financial roles. In a 13-11 party-line decision, the committee approved Paul Atkins to be the next Chair of the Securities and Exchange Commission (SEC) and Jonathan Gould as Comptroller of the Currency. With this approval, their nominations now …
Following a 13-hour debate, the U.S. House Financial Services Committee has passed the STABLE Act with a 32-17 vote, with six Democrats joining Republicans in support. This bill focuses on stablecoin regulation and now heads to a full House vote for further approval. The strong bipartisan backing suggests growing interest in establishing clear rules for …
The U.S. House Financial Services Committee has pushed forward the STABLE Act, a major step toward stablecoin regulations. While the bill gained bipartisan support, Democrats are raising red flags over Donald Trump’s involvement with World Liberty Financial (WLFI) and its USD1 stablecoin. ???? STABLE ACT HAS PASSED COMMITTEE WITH A VOTE OF 32-17@DigitalChamber owes a …
Lately, the crypto market hasn’t lived up to expectations under the Trump Administration. While investors hoped that regulatory reforms and the Bitcoin Strategic Reserve would boost prices, instead, Bitcoin has fallen from over $100,000 at the start of the year to the mid-$80,000s for most of March. With the markets bracing up for Trump’s reciprocal …
Japan is making big moves to regulate crypto, and it could change the game for investors and exchanges. The Financial Services Agency (FSA) is working on a plan to classify cryptocurrencies as financial products under the country’s Financial Instruments and Exchange Act. If this happens, crypto would fall under insider trading laws, just like stocks. …
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 …