The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs continues to escalate as the SEC has ramped up its efforts to challenge a previous court ruling that favored the cryptocurrency company. In a filing dated January 15, the SEC contends that Ripple’s sales of XRP, particularly to retail investors, should
Regulation
On January 16, Nasdaq made a significant move by submitting a 19b-4 Form to list and trade a spot Litecoin (LTC) exchange-traded fund (ETF), with Canary Capital taking the lead in its registration. This development has garnered attention as it is perceived to be the first approval of an altcoin-related ETF for the year 2025,
Senator Cynthia Lummis has drawn significant attention to the potential liquidation of 69,370 Bitcoins (BTC) connected to the Silk Road, raising profound concerns about the strategic implications for the United States. In an age where digital assets continue to redefine the financial landscape, her letters to U.S. authorities tackle the urgency of the proposed sale
As the political landscape shifts with the transition to the Trump administration, significant changes are anticipated within the U.S. Securities and Exchange Commission (SEC) concerning cryptocurrency regulation. Reports indicate that under the directive of pro-crypto commissioners, the SEC is poised to revise its enforcement strategy, rethinking its approach towards an industry that has faced intense
The TON Foundation, a notable blockchain initiative tied to the popular messaging platform Telegram, is taking significant steps toward broadening its influence in the United States. According to a statement issued on January 14, this initiative comes on the heels of a successful performance in 2024 and is strategically aligned with the anticipated favorable cryptocurrency
Robinhood, the popular trading platform, has recently made headlines for its substantial settlement with the U.S. Securities and Exchange Commission (SEC), totaling $45 million in civil penalties. The penalties were divided into two parts: $33.5 million from Robinhood Securities LLC and $11.5 million from Robinhood Financial LLC. This decision comes on the heels of an
The recent announcement from the New York Department of Financial Services (NYDFS) regarding its partnership with the Bank of England (BOE) marks a significant development in the regulation of digital assets. Launched on January 13, this initiative, dubbed the Transatlantic Regulatory Exchange (TRE), aims to foster international collaboration on cryptocurrency regulations. As the digital finance
In a significant strategic decision, Tether, a dominant player in the stablecoin sector, is set to relocate its global headquarters to El Salvador after securing a Digital Asset Service Provider (DASP) license. This development was announced on January 13 and reveals Tether’s commitment to tapping into a rapidly evolving financial landscape. El Salvador, notably recognized
On January 10, the Consumer Financial Protection Bureau (CFPB) unveiled a proposal that could reshape the regulatory landscape for cryptocurrency wallets. This interpretive rule seeks to extend protections afforded by the Electronic Fund Transfer Act (EFTA) to these digital platforms, thereby holding them accountable in cases of fraud or unauthorized access. Such a shift aims
Travis Hill, the interim Chair of the Federal Deposit Insurance Corporation (FDIC), recently made headlines with his candid acknowledgment of the agency’s contentious practices regarding crypto firms. In a speech delivered in St. Louis on January 10, Hill pointed out a disturbing trend where legitimate crypto businesses were being deprioritized or entirely shut out of