The cryptocurrency industry might soon be flooded with different kinds of rules to checkmate its operations. The recent developments in the sector point towards a new SEC rule that will guide the security swaps occurring in many financial assets, including crypto. This information came from the SEC Chairman during a speech he gave to the…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up…
The regulatory battle with DeFi is heating up. The SEC now seemingly has it’s eyes set on arguably the largest cryptocurrency exchange in the United States. The news comes after five U.S. states sent individual notices to DeFi platform BlockFi in recent weeks. This week, reports have surfaced that Coinbase is facing regulatory scrutiny over…
Celsius has been positioned as one of the leading yield-generating CeFi platforms on the market, battling neck-and-neck with other dedicated CeFi platforms such as BlockFi and Nexo. Their positioning is seemingly weakened this week, certainly with retail investors, as the platform sent out an announcement to all users and released a public announcement that new…
The Bank of England and the US House Financial Services Committee are considering new rules and regulations for stablecoins. Stablecoins offer the possibility of greater efficiency and functionality in payments, but currently sit outside a regulated framework.
MicroStrategy is a business intelligence firm and one of the biggest holders of Bitcoin, the world’s most valuable cryptocurrency by market capitalization. And Michael Saylor, the former CEO of MicroStrategy, believes the cryptocurrency market is bottoming, and a Bitcoin rally is on the horizon. Regulation, Halving, And Ordinals Are Drivers In the interview, Saylor points…
Crypto’s next chapter is being shaped by regulators this year, and surprisingly, it’s bullish. Before Hong Kong’s Stablecoin Ordinance takes effect on August 1, the stablecoin market is booming. Retail is also paying attention. Best Wallet’s token presale just surpassed $14.3M, as investors increasingly bet on infrastructure that genuinely makes sense in a regulated crypto…
The United Kingdom is quietly pulling ahead in the global crypto regulation race, finalizing a comprehensive framework at a time when the United States remains tangled in legislative gridlock and regulatory turf wars. On Jan. 23, the UK’s Financial Conduct Authority (FCA) released its final consultation paper outlining a new rulebook for crypto firms, with…