In a world that is increasingly shaped by technological advancements, the conversation around Decentralized Finance (DeFi) and its relationship with traditional finance continues to ignite debate among economists and regulators. Christopher Waller, a Federal Reserve Governor, recently addressed this topic at the Vienna Macroeconomics Workshop on October 18. Rather than suggesting that DeFi is set
Regulation
The burgeoning crypto market has attracted significant investments and innovations over the past few years, but this growth has come with a disturbing parallel: an increase in cyberattacks aimed at cryptocurrency platforms. As reported by the Financial Times on October 16, the European Securities and Markets Authority (ESMA) is advocating for stricter regulations to bolster
As the cryptocurrency landscape continues to evolve dramatically, regulatory hurdles have emerged as significant roadblocks for many industry players. On October 8, Crypto.com stirred the pot by announcing its legal confrontation with the United States Securities and Exchange Commission (SEC). The lawsuit is not simply a response to perceived regulatory overreach, but a bold move
Coinbase’s recent legal maneuver against the U.S. Securities and Exchange Commission (SEC) illuminates a significant clash between cryptocurrency platforms and regulatory bodies. The lawsuit, rooted in a demand for internal SEC documents, seeks to question the agency’s opaque enforcement strategies regarding the burgeoning crypto industry. Coinbase’s initiative feels especially timely as the SEC’s regulatory actions
On October 14, 2023, the cryptocurrency market experienced a remarkable upswing, with Bitcoin (BTC) soaring over 5% and Ethereum (ETH) climbing more than 7%. This rally can be attributed to recent comments by Vice President Kamala Harris regarding the establishment of a “smart regulatory framework” aimed at addressing the needs of digital asset holders, particularly
As the 2024 U.S. presidential election approaches, the prospective policies of candidates regarding cryptocurrencies have emerged as a focal point for investors and enthusiasts alike. Alex Thorn, the head of research at Galaxy Digital, has crafted a ‘policy scorecard’ assessing how different presidential contenders align with the crypto industry. This evaluation brings to light the
The legal entanglement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) represents a significant chapter in the ongoing discourse surrounding cryptocurrency regulation. The latest development came on October 10, 2023, when Ripple Labs submitted a notice of cross-appeal to the United States Court of Appeals for the Second Circuit. This crucial step
The recent enforcement action taken by the Securities and Exchange Commission (SEC) against Cumberland DRW, a Chicago-based crypto market maker, highlights the ongoing tension between regulatory bodies and the burgeoning cryptocurrency industry. On October 10, the SEC charged Cumberland for allegedly operating as an unregistered securities dealer. This legal confrontation raises critical questions about compliance,
In recent years, stablecoins have emerged as significant players in the world of digital finance. Unlike traditional cryptocurrencies, which are notoriously volatile, stablecoins are designed to maintain a stable value, often pegged to fiat currencies like the US dollar. However, the rapid growth of this sector has outpaced existing regulatory frameworks, leading to calls for
On October 10, South Korea’s Financial Services Commission (FSC) made a significant announcement regarding the establishment of the Virtual Asset Committee. This new body aims to scrutinize and guide the approval process for spot cryptocurrency exchange-traded funds (ETFs) in the nation. With increasing global interest in digital assets, South Korea is positioning itself to improve