DAIM CEO and founder Brian Korshain voiced strong optimism about the potential impact of former President Donald Trump’s support for Bitcoin and said his rumored plan to make it a strategic reserve asset for the US is “possible” but could be “very difficult to get it done.” During a CNBC interview, Korshain highlighted Trump’s anticipated […]
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After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country's Bitcoin holdings for the party's goals.
The Basel Committee on Banking Supervision has officially released its final disclosure framework for banks’ crypto exposures and made targeted amendments to its cryptoasset standards to “tighten the criteria for certain stablecoins to receive a preferential regulatory treatment.” Both standards are slated to come into effect on Jan. 1, 2026. The Committee, part of the Bank for […]
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Hong Kong’s financial regulators said they have concluded a consultation period over a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which ended in February, received 108 submissions from various stakeholders, including market participants, industry associations, and professional organizations. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) announced this […]
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Crypto lobbying expenditures have surged dramatically over the past seven years, according to a new study by Social Capital Markets. The research reveals a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. The study highlights a significant acceleration in lobbying efforts, with nearly […]
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Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support […]
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Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle digital asset trading for select investors, Interfax reported on July 10. A government draft response to two pieces of regulation outlines the possibility of creating special regulations for “conducting organized trading in digital currency, recognized as a commodity, on the basis of an exchange […]
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The Ohio senator reported holding up to $250,000 worth of Bitcoin in 2022 and has supported specific pro-crypto legislation.
Trump's choice of a pro-crypto running mate could significantly shape future U.S. policy on digital assets and blockchain technology.
The post Trump chooses crypto-friendly Bitcoin holder Senator J.D. Vance as running mate appeared first on Crypto Briefing.
Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.
X CTO and chairman Elon Musk claimed the European Commission (EC) allegedly offered the social media platform an “illegal secret deal” to censor speech if it wanted to avoid being fined in the EU. Musk made the claims on social media on July 12 in response to the EC publishing the preliminary findings of an […]
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The UK Law Commission has released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities created for a shared goal, like investing in start-ups or purchasing a historical document like the Constitution. Market observers see these organizations as the future of corporate governance. Key […]
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The US Securities and Exchange Commission (SEC) has reportedly accepted a proposal with exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121), according to Bloomberg Tax. The SEC has allowed some banks and brokerages to bypass balance sheet reporting through new business practices that provide exceptions to the crypto […]
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Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets.
CFTC chair Rostin Behnam said the agency is open to serving as a primary regulator for crypto during a Senate Agriculture Committee hearing on digital commodities oversight. The hearing, held on July 10, broadly concerned the CFTC’s request for more regulatory authority. Senator Roger Marshall asked Behnam whether it would be “simpler” to make the […]
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Bitwise CCO Katherine Dowling said spot Ethereum ETFs are “close to the finish line” while noting that the SEC is “quite welcoming” about discussions regarding other products. On July 9, Dowling told Bloomberg that the SEC and ETF issuers are addressing fewer issues in each S-1 amendment, pointing to a close launch. Dowling affirmed SEC […]
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US Secretary of the Treasury Janet Yellen said the Treasury is not responsible for ‘quarterbacking’ between the CFTC and the SEC regarding their opposing positions toward crypto regulation. Yellen made the statement during a July 9 hearing before the House Financial Services Committee. Opposing positions House Financial Services Committee Chairman French Hill said that the SEC […]
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Republicans have included Bitcoin and crypto in their official platform for the 2024 election which is set for a final vote July 9, according to the Hill. The inclusion of crypto and Bitcoin reflects former President Trump’s recent statements and a broader shift within the party toward embracing digital assets and blockchain technology. Per the […]
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Traders on the crypto-based prediction market now see a 29% chance that the Ohio Republican will be former President Trump’s running mate, up from 14% a week ago.
The roundtable could significantly influence crypto regulation and political strategies, potentially impacting the 2024 presidential election.
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Bloomberg ETF analyst James Seyffart said he and his colleagues believe spot Ethereum ETFs could launch around July 15 as the application process settles. Seyffart posted the prediction on social media on July 3 but said he has “low confidence in those launch date predictions at this point.” The prediction is related to Bitwise’s amendment […]
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According to a BBC exit poll after a July 4 general election, Labour was set to oust the Conservatives for the first time in 14 years.
South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line. According to the notice: “To […]
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SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July.
It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry.
Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. According to a July 3 statement, the firm said: “Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each trade […]
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A federal judge has approved a timeline for the court to consider the merits of the lawsuit filed by software firm Consensys against the US Securities and Exchange Commission (SEC) and its commissioners. In a July 1 filing in the US District Court for the Northern District of Texas, Judge Reed O’Connor established deadlines requiring […]
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