In a noteworthy change for the cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has implemented the Staff Accounting Bulletin (SAB) 122, which replaces the contentious SAB 121. This transition appears to be a pivotal moment for the crypto custody sector, as it seeks to alleviate some of the regulatory burdens that have historically
Regulation
The United States Senate recently welcomed a significant development in the realm of digital finance with the appointment of Senator Cynthia Lummis (R-Wyo.) as the inaugural chair of the newly created Senate Banking Subcommittee on Digital Assets. This momentous decision, announced on January 23, signals a continuing transition towards integrating cryptocurrency regulation within the broader
In a rapidly evolving digital landscape where privacy and security are paramount, the prosecution of Roman Storm, co-founder of Tornado Cash, highlights the precarious relationship between innovation and regulation in the cryptocurrency world. Accused of operating an unlicensed money-transmitting business and conspiracy to commit money laundering, Storm’s case is not merely a legal battle; it
The financial landscape is rapidly evolving, particularly due to the rise of cryptocurrencies and blockchain technology. Recognizing the need for a robust regulatory environment, the U.S. Securities and Exchange Commission (SEC) recently announced the establishment of a dedicated crypto task force. Under the stewardship of Commissioner Hester Peirce, often referred to as “Crypto Mom” due
On January 20, 2025, the U.S. Securities and Exchange Commission (SEC) underwent a significant leadership transition as Commissioner Mark Uyeda was appointed acting chair by President Donald Trump. This abrupt change came as the SEC officially announced the resignation of Gary Gensler, who had held the position amidst ongoing controversies surrounding digital asset regulation. Uyeda’s
The recent appointment of Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC) marks a significant development in the regulatory landscape surrounding cryptocurrency in the United States. Her selection comes amid the ongoing transition of leadership within federal agencies, particularly as the Biden administration continues to shape its regulatory priorities. While
The European crypto sector is on the cusp of a significant regulatory shift with the introduction of the Markets in Crypto-Assets Regulation (MiCA). This landmark framework will fundamentally reshape how crypto businesses operate within the European Union. With its emphasis on transparency, anti-money laundering (AML) measures, and consumer protection, MiCA aims to establish a more
On January 16, 2025, Nasdaq submitted a 19b-4 Form that proposes the listing and trading of a spot Litecoin (LTC) exchange-traded fund (ETF), a move spearheaded by Canary Capital. This pivotal action could mark a watershed moment in the cryptocurrency landscape, particularly for altcoins, as it is being touted as the first altcoin ETF approval
The legal clash between the United States Securities and Exchange Commission (SEC) and Ripple Labs has drawn considerable attention within the cryptocurrency ecosystem. Following a court ruling that sided with Ripple regarding the classification of its flagship digital asset, XRP, the SEC recently submitted an appeal that has reignited the debate over crypto regulation in
The world of cryptocurrency is as dynamic as it is contentious, often leading to significant political discourse and strategic decision-making by government authorities. Recently, Senator Cynthia Lummis raised serious concerns about the US government’s plan to liquidate 69,370 Bitcoins reportedly seized from the Silk Road. Coupled with her worries about potential misconduct at the Federal
