The United States and the European Union are taking opposite approaches to regulating the fast-growing cryptocurrency industry. This divergence is opening up a race to the bottom arena ripe for global competition in digital asset innovation. The EU has already advanced considerably with its all-encompassing Markets in Crypto-Assets (MiCA) framework....
The Securities and Exchange Commission (SEC) appears to be softening its stance on cryptocurrency regulation, signaling a potential shift towards collaboration with Congress. This development comes as the SEC has recently issued guidance on stablecoins and memecoins, defining the latter as tokens "inspired by internet memes, characters, current events, or...
Changpeng Zhao (CZ), founder of Binance, the company that is arguably the reincarnation of Mt. He had already stepped down as CEO in November 2023, but now he’s back on the offensive. This notable departure was included in an overall $4.3 billion settlement with the U.S. Department of Justice (DOJ)....
The Crypto Market Integrity Coalition (CMIC), a unified industry voice for responsible crypto innovation, has launched its Industry Standard for Market Making in Digital Assets. With this, we have the first ever comprehensive best-practices framework for cryptocurrency market making.Started back in 2022 by Solidus Labs, CMIC now boasts a strong...
Swiss bank Sygnum expects a “new altcoin boom” with the possible start in the second quarter of 2025. This ambitious projection assumes a positive trajectory of further advances in the regulatory environment for digital assets. Aside from the L2 networks, Sygnum’s analysis found that blockchain innovations are building growth momentum...
The world’s largest crypto exchange, Binance has been lobbying countries on adopting crypto-friendly regulations. They are further supporting the creation of national retail digital asset reserves. Today’s announcement is part of the company’s broader efforts to restore trust and credibility after being embroiled in various legal battles. On top of...
Additionally, a Kentucky federal judge has issued a 60-day stay in the lawsuit. This lawsuit, led by 18 state AGs and the DeFi Education Fund against the SEC. In early November 2023, a new legal challenge appeared on the scene. This lawsuit argues that the SEC has overstepped its boundaries...
The European Economic Area (EEA), including the European Union (EU), is governed by the General Data Protection Regulation (GDPR). This regulation is the bedrock of data privacy in the EU. In turn, it helps make sure that people’s personal data stays protected and confidential among member states. As the main...
Ekmel Cilingir, Chairman of the Supervisory Board of European Merchant Bank (EMBank), has released an article examining the evolving landscape of cryptocurrency regulation in the U.S. and the European Union. Based in Vilnius, Lithuania, Cilingir's LinkedIn Pulse article, titled "Crypto Going Legit: New Direction in the US, MiCA's Early Success,...
As Federal Reserve Chair Jerome Powell recently acknowledged, cryptocurrency is entering the mainstream. He thinks this momentum is driven in part by changing U.S. regulatory standards. Taken together, Powell’s comments represent a complete turnaround in the Federal Reserve’s position on cryptocurrencies.Individually, Powell’s remarks help lend additional legitimacy of the sector...
