Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. These are central bank digital currencies, which feature the speed and accessibility of crypto. They remove the price instability that comes with assets such as Bitcoin, which makes them suited...
El Salvador’s digital asset regulator, the National Bitcoin Office, a media popular joint regulatory sandbox with the U.S. Securities and Exchange Commission (SEC). The Comisión Nacional de Activos Digitales (CNAD) is at the helm of this effort. Its purpose is to improve international collaboration in regulating digital assets. This move...
Nasdaq has been pressuring the Securities and Exchange Commission (SEC) to classify selected cryptocurrencies the same as regular financial securities. The order comes in the midst of larger conversations about the classification and regulation of digital assets. On April 25, Nasdaq sent a letter explaining their rulemaking request. They called...
To cut through the current market confusion Nasdaq has proposed a new framework for categorizing digital assets that would help provide much-needed clarity to the regulatory landscape. The detailed proposal was recently sent to the Securities and Exchange Commission’s (SEC) new crypto task force. To help with this, it proposes...
Kenya is taking a commendable, proactive step to regulate its digital asset ecosystem. The country has passed the Virtual Assets Service Providers (VASP) Bill. The bill seeks to bring much-needed clarity, safety, and structure to our nation’s fast-expanding crypto marketplace. Kenya is already making moves to protect its digital economy....
Paul Atkins, the new Chairman of the Securities and Exchange Commission (SEC), seems poised to do just that. We look forward to him prioritizing a transparent regulatory framework for digital assets. Atkins, a former Wall Street financier and entrepreneur, has made a name for himself with a deregulatory philosophy and...
World Liberty Financial's (WLF) recent unveiling of its USD1 stablecoin has sparked considerable discussion and raised regulatory questions, largely due to former President Donald Trump's connection to the project. That’s a big deal because 127,971,165 tokens are already in circulation. USD1 is on a mission to stake its claim to...
The donation Ondo Finance, a crypto firm, made on April 22 was $1 million. The donation occurred just days before the SEC’s enforcement task force announced an action against the firm. Unfortunately, this disclosure happened on April 24. The company aimed to represent former US President Donald Trump’s social media...
Senator Dave McCormick follows suit with a $10 million investment in Bitcoin. In March, he bought up to $700,000—or as little as $310,000—of the Bitwise Bitcoin ETF. This development comes as concern mounts and demands for robust federal cryptocurrency regulation increase across a range of stakeholders. It’s a fascinating crossroads...
The Security and Exchange Commission (SEC) has recently charged Jonathan Palafox, the founder of PGI Global. He is accused of operating a purportedly cryptocurrency and forex trading fraud that defrauded investors. Phase 1 of the scheme ran from January 2020 until October 2021. It purportedly used the money from newer...
