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
Regulation
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
In recent years, the intersection of cryptocurrency and online gambling has emerged as a significant area of interest for regulators around the world. With platforms like Polymarket gaining traction, especially during high-stakes events like the US presidential election, authorities are grappling with how to effectively manage these digital marketplaces. A new development in this landscape
As the dust settles on a pivotal U.S. presidential election, a significant shift in the cryptocurrency landscape is anticipated. Insights from Bitwise Chief Investment Officer Matthew Hougan highlight the potential for a transformative period in the cryptocurrency market, coining this phase as a possible “Golden Age of Crypto.” With political dynamics influencing regulatory approaches, investors
In a significant move in the cryptocurrency market, asset management firm 21Shares has made headlines by filing applications for a spot XRP exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The submission of the S-1 form on November 1 aims to register the Core XRP Trust shares for listing on the Cboe
In a significant development within the blockchain and cryptocurrency landscape, Immutable, a leading player in blockchain gaming, has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). This action is emblematic of the broader regulatory pressures facing the crypto industry, particularly as the U.S. approaches critical elections. The SEC’s approach, described by
In a significant development for the cryptocurrency landscape, Hong Kong’s Financial Secretary Paul Chan has announced that the city is poised to issue more licenses for crypto exchanges before the year concludes. This initiative is part of a broader effort to create a regulated and sustainable environment for virtual asset service providers (VASPs). The ongoing
In a progressive move towards enhancing global financial transactions, the Bank for International Settlements (BIS) has launched Project Mandala, collaborating with central banks from Australia, Korea, Malaysia, and Singapore. As detailed in an official statement on October 28, this initiative seeks to directly address the regulatory complexities tied to cross-border payments. These transactions, often hampered