BlackRock, the largest asset management firm in the world, recently faced scrutiny before the U.S. Securities and Exchange Commission (SEC). Their testimony shed light on pressing topics involving the regulation of cryptocurrency spot Exchange-Traded Products (ETPs), representing a watershed moment in the ongoing regulatory development of digital assets. This meeting,...
As the election dust settles, a wave of pro-crypto sentiment is allegedly sweeping through Washington. Certainly not given that Trump himself has promised to transform the U.S. into the “crypto capital of the planet.” Talk is cheap. We need to see action. The actions taken over the next four years...
Look closely, and Apple’s once-titanic walled garden is beginning to crack, letting the sweet smell of freedom waft through for crypto devs. A recent court ruling has forced Apple to relax its in-app payment restrictions. If implemented, this change would create a more favorable environment for crypto applications and NFT...
SPACE ID is currently making a big splash as the platform that’s cutting through the confusing and expensive Web3 identity nightmare. Human readable domain names instead of those mile long wallet addresses? Sounds fantastic, right? A unified identity across blockchains? Even better. Hold on, just a minute though. In short,...
The U.S. federal government is leaning much more on crypto—an encouraging early sign that a digital finance inflection point is happening in earnest. Recent developments show a commitment to fostering the growth of crypto, with initiatives aimed at securing America's position in the digital asset economy. This change in mindset...
The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) recently announced the withdrawal of previously issued guidance concerning banks' involvement with crypto-assets. The American Bankers Association (ABA) applauded the announcement. It withdraws a 2022 supervisory letter that called on state member banks to inform the Fed prior to...
Earlier this week, Paul Atkins was sworn in as SEC Chair. This begins the third official term he’s served with the agency. Shortly after the Senate confirmed Atkins, he got right to work defining his priorities. To his credit, he seems intent on laying out unambiguous regulatory guardrails for the...
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 bold embrace of Bitcoin has positioned it as a fascinating, if controversial, player in the global crypto landscape. Now, the nation is exploring new avenues to deepen its involvement, and its recent discussions with the U.S. Securities and Exchange Commission (SEC) signal a potentially groundbreaking development: a crypto...
The SEC just recently traveled to El Salvador to further discuss the creation of a cross-border crypto regulatory sandbox. This latest trip though opens up a litany of bigger questions. Was this an honest attempt to comprehend a country moving toward adoption of digital assets? Or was this simply a...
