Tag: republicans

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Senate Republicans Forge Ahead on Crypto Market Structure Framework

• Regulation

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Further Reading

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

MiCA Fuels Crypto Migration as US Regulatory Uncertainty Persists

The European Union’s Markets in Crypto-Assets (MiCA) regulation is quickly altering the global cryptocurrency playing field. With its promise of clarity and a unified regulatory framework, MiCA is attracting major crypto platforms and investors, while the United States grapples with regulatory ambiguity. This change is causing a huge exodus of...

U.S. Attorney Aims to Recover Millions Lost in Crypto ‘Confidence Scams’

The U.S. Attorney’s Office recently filed a civil action targeting cryptocurrency investment fraud, seeking to recover funds lost by dozens of victims across the country. U.S. Attorney Jeanine Ferris Pirro joined other officials in announcing the dramatic action. This action comes in response to more than $225.3 million connected to...

Europe's MiCA Regulation Surges Ahead, Outpacing US in Crypto Race

The European Union’s Markets in Crypto-Assets (MiCA) regulation is officially changing the crypto game at lightning speed. This groundbreaking initiative is putting Europe at the forefront of the global crypto race. Effective as of January 1, 2025, MiCA has introduced a single licensing regime across all EU member states. This...

Crypto Casino Revenue Jumps Fivefold as Global Regulations Evolve

With explosive growth and increased regulation, these new players are making historic waves in the online gambling market. Gross gaming revenue from crypto-based platforms has skyrocketed to $81.4 billion in 2024, a fivefold increase since 2022. The European Union’s Markets in Crypto-Assets (MiCA) framework, which does the same, will take...

Coinbase Expands EU Reach with Landmark MiCA License

Coinbase has received final approval for a Markets in Crypto-Assets (MiCA) license from Luxembourg. This success will now enable the digital currency exchange to offer its services throughout all 27 member states of the European Union. This move, granted by Luxembourg's financial authorities, consolidates Coinbase's position in the European market...

Kraken Relocates Global Headquarters to Wyoming Amid Crypto-Friendly Climate

Kraken, one of the world’s largest cryptocurrency exchanges, is relocating its international headquarters to Cheyenne, Wyoming. Wyoming is positioning itself as a center for crypto innovation and activity. This growth is spurred on by its favorable regulatory environment and the work of crypto champions such as Senator Cynthia Lummis. This...

JPMorgan Chase Explores On-Chain Capital Markets, Reveals Crypto Trademark Filing

On June 17, JPMorgan Chase presented to the Crypto Task Force staff. Instead, they centered their strategy on pioneering the intersection of traditional capital markets and blockchain. As evidence of serious interest and intent, three different representatives from JPMorgan Chase attended that convening. They touched on the firm’s growing involvement...