Tag: debut

Circle's $1.1 Billion Debut Signals Maturing Crypto Market

Circle's $1.1 Billion Debut Signals Maturing Crypto Market

• Regulation

This move by Circle, the USDC stablecoin’s issuer, sent a strong signal to the growing up of the crypto market. On its first day of trading, the company raised a record-setting $1.1 billion. Yet this milestone symbolizes a monumental shift in the crypto landscape. Growing regulatory clarity and increased institutional...

Further Reading

Crypto Firms Navigate EU's MiCA Framework Amid Regulatory Scrutiny

The European Union’s Markets in Crypto-Assets (MiCA) regulation comes into force in a matter of months. At the same time, major crypto players Gemini and Coinbase are poised to obtain EU licenses, signaling a significant step forward for the emerging digital finance space. This is to create a common governance...

Senate Advances GENIUS Act, Aiming to Regulate Stablecoins and Secure U.S. Dollar Dominance

The U.S. Senate is moving closer to regulating the burgeoning stablecoin market with the "Guaranteeing National Integrity and Undermining Russian (GENIUS) Aggression Act" (GENIUS Act). A new bipartisan competition bill has been introduced, largely at the instigation of Republican Senator Bill Hagerty from Tennessee and Democrat Senator Kirsten Gillibrand from...

Vietnam Passes Landmark Law on Digital Technology Industry

Vietnam recently adopted the Law on Digital Technology Industry. This would make it the first country in the world to adopt comprehensive, standalone legislation targeting the entire digital technology sector. This epochal law requires robust oversight mechanisms to ensure compliance with international standards. It seeks to ensure that Vietnam will...

Crypto Firms Present Frameworks to SEC for Digital Asset Regulation

On June 13, Jito Labs, joined by Blockworks, unveiled a proposal for the framework to the SEC. This framework aims to provide more transparency for token issuers and market makers. Just a day earlier, Solana Labs, Phantom, Superstate, Orca Creative, and several other law firms participated in an important meeting...

Global Stablecoin Regulations Aligning on Key Principles

Stablecoins are quickly becoming one of the most used digital assets around the globe, thanks to their peg to traditional currencies. This exponential growth is leading regulators to develop frameworks for their regulation. Hong Kong took a big step forward with the passage of its Stablecoins Bill on May 21,...

U.S. Leads Bitcoin Treasury Race Amid Regulatory Tailwinds

The United States to date is the world leader in absorbing Bitcoin reserves. This rapid increase is being fueled by more transparent regulations and greater acceptance of cryptocurrency as a central strategic asset. Publicly listed companies are in a race to add Bitcoin to their balance sheets. This unprecedented pace...

Crypto Advocate Quintenz Tapped to Lead CFTC, Hearing Set for June 2025

Brian Quintenz has very deep roots in the cryptocurrency space. He is President Trump’s nominee to become Chairman of the Commodity Futures Trading Commission (CFTC). The nomination is a strong indicator of the forthcoming shift in the regulatory landscape for digital assets. Quintenz’s confirmation hearing is scheduled to be held...

Crypto's Compliance Conundrum Insufficient FATF Adoption Masks Rising Illicit Activity

Global efforts to combat money laundering and illicit activities in the cryptocurrency space face significant hurdles due to the insufficient adoption of the Financial Action Task Force (FATF) Travel Rule. The Travel Rule came into effect in 2019. It mandates that Virtual Asset Service Providers (VASPs) like cryptocurrency exchanges collect...