The TON Foundation, affiliated with the popular messaging platform Telegram, is poised for a notable expansion into the United States, marking a significant turnaround for the project. The announcement made on January 14 illustrates the foundation’s clear intent to capitalize on its accomplished trajectory in 2024, particularly in light of an increasingly favorable regulatory environment
Regulation
In a significant move that underscores the ongoing regulatory scrutiny of the trading platform, Robinhood Markets Inc. has agreed to pay a substantial $45 million settlement to address serious allegations of securities law violations. The settlement came about following an extensive investigation by the U.S. Securities and Exchange Commission (SEC), which scrutinized the practices of
Tether, a dominant player in the stablecoin market, is making headlines with its decision to relocate its global headquarters to El Salvador, as revealed in a statement issued on January 13. This strategic move comes on the heels of Tether obtaining a Digital Asset Service Provider (DASP) license, enabling it to operate more effectively within
The financial landscape is undergoing a seismic shift as states contemplate the inclusion of digital assets within their treasury structures. New Hampshire’s recent legislative proposal to establish a strategic reserve of digital assets marks a pioneering move, positioning the state at the forefront of this evolving trend. By examining the implications, motivations, and potential outcomes
A recent amendment by the UK Treasury to the Financial Services and Markets Act 2000 (FSMA) marks a pivotal moment for the cryptocurrency landscape in the country. Set to come into effect on January 31, this change excludes crypto staking from being categorized as a collective investment scheme. This reclassification focuses largely on operations involving
As the tenure of Gary Gensler as Chair of the Securities and Exchange Commission (SEC) comes to a close, the crypto industry continues to voice substantial frustration regarding his perceived opposition to digital assets. Gensler’s persistent warnings about the sector reveal deep-seated concerns rooted in investor protection, which, while well-intentioned, have arguably overlooked the nuanced
In a pivotal development for the banking sector, Standard Chartered has recently secured a license to offer crypto custody services in Luxembourg. This milestone, announced on January 9, represents a significant shift within the institution as it adapts to the rapidly evolving landscape of digital assets. The approval falls within the framework of the Markets
Recent developments indicate that South Korea is poised to amend its stringent regulations surrounding cryptocurrency trading, particularly for institutional investors. This potential shift marks a pivotal moment in the nation’s stance on digital assets, reflecting an inclination towards a more dynamic and inclusive financial ecosystem. According to recent reports from local media outlets, notably Yonhap,
Rostin Behnam’s announcement of his resignation as Chair of the U.S. Commodity Futures Trading Commission (CFTC), effective January 20, marks a significant shift in the landscape of cryptocurrency regulation. The timing of his departure, aligned with the inauguration of President-elect Donald Trump, opens the door for new leadership that could profoundly reshape regulatory approaches toward
The recent ruling by District Judge Katherine Polk Failla in the United States District Court for the Southern District of New York marks a significant moment in the ongoing legal battle between Coinbase and the Securities and Exchange Commission (SEC). On January 7, 2024, Judge Failla granted Coinbase’s motion for an interlocutory appeal, allowing the
