In recent years, the cryptocurrency industry has experienced explosive growth, attracting attention from both investors and regulators alike. This surge in interest is accompanied by a pressing need for clear regulatory frameworks. One notable player in this space is Former President Donald Trump, whose venture, World Liberty Financial, aims to create a significant presence in
Regulation
In a decisive move to combat illegal activities related to cryptocurrency, German law enforcement officials have shut down 47 exchanges accused of facilitating cybercrime. This action was spearheaded by the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), highlighting a growing urgency within authorities to regulate digital assets amid
In a significant and progressive move, Louisiana has begun to enable its residents to settle payments to state agencies through cryptocurrency options, including Bitcoin and Circle’s stablecoin USDC. Announced in a press release on September 18, the initiative spearheaded by the Louisiana Department of Wildlife and Fisheries marks a noteworthy development in the intersection of
The realm of digital assets has expanded rapidly in recent years, compelling regulators to navigate a complex landscape fraught with innovation and ambiguity. A recent enforcement action taken by the U.S. Securities and Exchange Commission (SEC) against the Flyfish Club’s non-fungible token (NFT) collection stirs substantial debate within the regulatory sphere, with dissenting views from
The landscape of election-related prediction markets is rapidly evolving, presenting both opportunities and challenges in the realm of regulatory oversight. In this context, Congressman Ritchie Torres has emerged as a vocal advocate for the Commodity Futures Trading Commission (CFTC) to embrace regulation of these markets rather than resorting to outright bans. This debate touches upon
The world of cryptocurrency is often likened to the wild west—unregulated, unpredictable, yet packed with potential. As the adoption of digital currencies continues to rise, so does the need for secure custody solutions. Unlike traditional assets such as stocks and bonds, which have established definitions and frameworks for custody, cryptocurrencies present unique challenges that make
The ongoing scrutiny of the Securities and Exchange Commission (SEC) has reached a new level, leading to a joint investigation initiated by several Republican lawmakers. This inquiry casts a shadow over the agency’s hiring practices and raises questions about its commitment to impartial regulatory oversight. On September 11, a letter from key committee leaders, including
eToro, a prominent trading platform, has announced significant changes to its operations in the wake of a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). This decision, which affects the availability of digital assets for U.S. customers, stems from the SEC’s investigation that uncovered eToro’s offering of crypto assets classified as securities
The Commodity Futures Trading Commission (CFTC) has recently taken a stand against the surge in crypto scams known as “pig butchering” by partnering with federal and private organizations. These scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. The CFTC’s campaign focuses on arming consumers
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the United Kingdom (UK) Parliament marks a significant step towards recognizing digital assets as legal holdings. This proposed legislation aims to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law, a move that has never
