Regulation

Ondo Finance's $1 Million Donation to Trump Allies Precedes SEC Notice

Ondo Finance's $1 Million Donation to Trump Allies Precedes SEC Notice

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 McCormick Increases Bitcoin Holdings Amid Regulatory Scrutiny

Senator McCormick Increases Bitcoin Holdings Amid Regulatory Scrutiny

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...

SEC Charges PGI Global Founder with Crypto Fraud

SEC Charges PGI Global Founder with Crypto Fraud

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...

SEC Crypto Task Force Eyes Cross-Border Regulation in El Salvador Partnership

SEC Crypto Task Force Eyes Cross-Border Regulation in El Salvador Partnership

The SEC’s Crypto Task Force is investigating cross-border regulation with a collaboration deal with El Salvador. El Salvador’s National Commission of Digital Assets (CNAD) has already established collaborations with a U.S.-based real estate broker and a Salvadoran tokenization firm. Together, they’re pioneering a groundbreaking new initiative. This innovative partnership aims...

SEC Eyes El Salvador's Bitcoin Strategy

SEC Eyes El Salvador's Bitcoin Strategy

President Nayib Bukele’s administration has positioned El Salvador as a global leader in the regulation of digital assets. This transition has drawn a lot of international interest. The nation took a brave stance in adopting Bitcoin as legal tender. Its ambitious plans for a “Bitcoin City” really made it unique....

Crypto's Untamed Rise Sparks Financial System Concerns

Crypto's Untamed Rise Sparks Financial System Concerns

Cryptocurrencies have grown into a huge industry, worth trillions of dollars. They have mostly slipped under the regulatory radar that squeezes heavy restrictions on traditional financial institutions. No one is more alarmed by this than financial experts and regulators. Combined with the recent devastating hacks and the potential for economic...

Crypto Regulation Navigates Shifting Sands in Early 2025

Crypto Regulation Navigates Shifting Sands in Early 2025

The first few months of 2025 were tumultuous in the crypto regulation landscape. Experts in law and corporate governance, including Joseph A. Grundfest and Paul Grewal, continue to play pivotal roles as the industry adapts to these changes. As such, their experiences as regulators, academics, and former executives at crypto...

US Shifts Stance on Crypto Regulation, Signaling Support for Innovation and Compliance

US Shifts Stance on Crypto Regulation, Signaling Support for Innovation and Compliance

While we’re on the topic of enforcement, the U.S. government is changing its approach to all-out crypto enforcement. Now, it’s taking a more nuanced, pragmatic approach to regulating blockchain technology. This move shows good bipartisan intent to support both compliance and innovation in the growing digital asset space. If enacted,...

David Tutor's SEC Experience Offers Unique Insights at WilmerHale

David Tutor's SEC Experience Offers Unique Insights at WilmerHale

David Tutor, special counsel at WilmerHale’s New York office, representing the firm. He does bring a wealth of experience from his previous role as chair of the Securities and Exchange Commission (SEC). His deep experience gives him a distinct perspective on the changing regulatory framework for crypto assets and other...

Banks Explore Stablecoin Opportunities Following MiCA Implementation

Banks Explore Stablecoin Opportunities Following MiCA Implementation

After the adoption of the Markets in Crypto-Assets (MiCA) regulation, European banks have shown increasing interest in stablecoin initiatives. This regulation has opened the door to regulated stablecoin issuance across the European Union (EU).One major example is Societe Generale, which launched its euro-backed stablecoin, EUR CoinVertible, to retail investors in...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

Donald Trump Jr. Headlines Korea Blockchain Week 2025

Korea Blockchain Week (KBW) 2025, Asia’s largest and most influential Web3 conference, is returning to Seoul this coming September. The collaborative innovation summit recently announced its second wave of speakers and lead partners. You can expect big names such as Donald Trump Jr., Keone Hon from Monad Foundation, Guy Young...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...

Schiff's Crypto Ban: Is He Protecting Us or Silencing Innovation?

Senator Adam Schiff's proposed crypto ban, the COIN Act, aimed at preventing the President (read: Donald Trump) from dabbling in digital assets, raises a critical question: Is this genuine protection against corruption, or a veiled attempt to stifle innovation, especially for emerging markets? Let's be real, the optics are terrible....