On January 23, President Donald Trump enacted an executive order that sets forth a structured approach towards managing digital assets in the United States. This move is not merely about regulating cryptocurrencies; it is targeted at creating a comprehensive framework that acknowledges the growing importance of digital currency in today’s financial landscape. By establishing the
Regulation
Taiwan is on the brink of a significant shift in its financial landscape as the Financial Supervisory Commission (FSC) rolls out plans to permit banks to issue stablecoins. This move comes as part of a broader initiative to craft a regulatory framework specifically designed for virtual asset service providers (VASPs). The groundwork for this new
In recent developments, the House Committee on Oversight and Government Reform has taken a significant step by disseminating a formal inquiry to multiple crypto organizations and firms. The focus is on understanding instances wherein crypto entities have faced systematic denial of banking services. The committee has sent this letter to notable players in the cryptocurrency
The landscape for cryptocurrency custody services in the United States has taken a substantial turn following the introduction of the SEC’s Staff Accounting Bulletin (SAB) 122. This new policy replaces the contentious SAB 121, initially implemented during the tenure of former SEC Chair Gary Gensler. By reassessing and modifying how financial institutions handle crypto custody
In a decisive move to bolster its regulatory capacity in the rapidly evolving world of digital assets, the U.S. Commodity Futures Trading Commission (CFTC) has appointed Harry Jung as the head of its initiatives focused on cryptocurrency, decentralized finance (DeFi), and other digital assets. Jung also assumes the role of Acting Chief of Staff under
In a significant move for the cryptocurrency sector, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the Senate Banking Subcommittee on Digital Assets. This announcement, made on January 23, marks a pivotal point in the U.S. government’s approach to blockchain technology and cryptocurrencies. Under the leadership of Senate Banking Committee Chair
The crypto world is rife with innovation, pushing the boundaries of what is possible within digital finance. However, this rapid evolution is not without its challenges—both legal and ethical. Roman Storm, the co-founder of Tornado Cash, recently articulated his experience with the U.S. legal system, claiming that his prosecution represents a significant threat to privacy
The landscape of cryptocurrency regulation in the United States has historically been shadowed by uncertainty and reactive enforcement. However, a significant shift appears to be on the horizon with the recent announcement by the Securities and Exchange Commission (SEC). On January 21, 2023, the SEC unveiled the establishment of a specialized crypto task force, set
In a recent dialogue at the Reuters Global Markets Forum, Circle’s CEO Jeremy Allaire shared a hopeful perspective regarding the potential influence of President Donald Trump’s administration on the cryptocurrency landscape. Allaire argued that Trump’s policies could eliminate existing roadblocks in the digital assets arena. Notably, he referred to the SEC’s Staff Accounting Bulletin (SAB)
The recent changes within the United States Securities and Exchange Commission (SEC) reflect a decisive transformation in leadership that could significantly impact the regulatory landscape for digital assets. On January 20, 2024, President Donald Trump appointed Mark Uyeda as the acting chair, following the official resignation of Gary Gensler. This transition marks a pivotal moment,
