In a notable shift, the US Attorney’s Office in Manhattan is recalibrating its focus on prosecuting crimes related to cryptocurrencies. This decision comes on the heels of significant legal victories against prominent figures in the crypto world, including the high-profile conviction of Sam Bankman-Fried, the founder of the now-defunct FTX exchange. Scott Hartman, co-lead of
Regulation
In a rapidly evolving digital landscape, the allure of cryptocurrencies has led to an influx of firms attempting to capitalize on this popularity. Recent findings from the Hong Kong Monetary Authority (HKMA) reveal troubling practices among certain foreign cryptocurrency businesses, with some misrepresenting themselves as banks. In a notice released on November 15, the HKMA
In a recent statement, Christopher Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), firmly dismissed rampant speculation regarding his potential appointment as the next Chair of the US Securities and Exchange Commission (SEC). He has also expressed no interest in taking on a role related to cryptocurrencies within the Treasury Department, underscoring
In a significant plea for regulatory reassessment, the Digital Chamber of Commerce has reached out to the US Office of Government Ethics, urging a revision of the current prohibitive stance on federal employees owning cryptocurrency. In a letter dated November 13, the blockchain advocacy group proposed that federal workers be allowed to hold a limited
In the rapidly evolving landscape of cryptocurrencies, the stance of political leadership plays a pivotal role, especially when considering major economies like the United States and China. Recent insights from Hashkey Group’s CEO, Xiao Feng, have thrown light on the potential influence that a pro-crypto administration in the US could have on China’s historically stringent
In a surprising move, US President-elect Donald Trump has unveiled an ambitious initiative aimed at reshaping the American government—introducing the Department of Government Efficiency, or DOGE. The appointment of tech luminary Elon Musk and former presidential candidate Vivek Ramaswamy as leaders of this new department signals a significant shift towards incorporating innovation and technology into
Recent discussions surrounding the potential introduction of a Central Bank Digital Currency (CBDC) in the United States have been met with critical scrutiny, particularly from Federal Reserve Governor Christopher Waller. Speaking at The Clearing House Annual Conference on November 12, 2024, Waller articulated a pointed skepticism regarding the necessity of a CBDC within the current
The recent political landscape in the United States holds promising implications for the cryptocurrency industry, especially with the potential reelection of Donald Trump. Prominent voices from the venture capital firm Andreessen Horowitz (a16z) suggest that a shift in power could usher in a new era of bipartisan discussions surrounding crypto regulation. The firm’s leadership believes
On November 8, 2023, the U.S. Securities and Exchange Commission (SEC) announced a significant delay in its decision regarding the approval of options trading for Ethereum-based exchange-traded funds (ETFs). This decision impacts several prominent financial institutions, including Bitwise with its ETHW offering, Grayscale’s ETHE, Ethereum Mini Trust, and BlackRock’s ETHA. By pushing back this decision,
As President-Elect Donald Trump prepares for his administration, his transition team is actively compiling a list of potential appointees for critical positions within major financial regulatory agencies. According to a report from Reuters dated November 7, discussions are ongoing concerning a range of candidates, particularly focusing on those with a strong legal background, mainly corporate