The Bahamas Securities Commission recently passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant milestone in the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major exchange headquartered in the Bahamas in 2022. Christina Rolle, the executive director of the Securities Commission,
Regulation
Jonathan Mann, known for his daily songwriting streak of over sixteen years, has teamed up with conceptual artist Brian L. Frye to file a lawsuit against the US Securities and Exchange Commission (SEC). The crux of the matter lies in the classification of NFTs representing digital art, such as those created by Mann and Frye,
Recently, the US Securities and Exchange Commission (SEC) has taken legal action against Nader Al-Naji, the mastermind behind the BitClout blockchain protocol. The SEC accused Al-Naji of engaging in a fraudulent scheme that involved the unauthorized sale of crypto asset securities, duping investors out of more than $257 million through deceptive practices. Additionally, the US
Goldman Sachs CEO David Solomon recently shared his perspective on Bitcoin, stating that while it could “very well” serve as a store of value similar to gold, he remains cautious about the flagship cryptocurrency. Solomon emphasized that he has never been a critic of Bitcoin, but he still sees it primarily as a speculative investment
The recent surge in support for digital assets, particularly Bitcoin, has brought about a shift in global attitudes towards cryptocurrency. Former President Donald Trump’s vow to make the US a leading force in the crypto industry has raised eyebrows worldwide. This comes at a time when China, once a powerhouse in Bitcoin mining and trading,
President Donald J. Trump has declared his intention to transform the United States into a dominant force in the world of Bitcoin. He emphasized the significance of maintaining the US’s superiority over competitors such as China and ensuring that the government does not sell the 200,000 Bitcoin it currently holds. One of Trump’s key promises
A recent letter penned by a group of Democratic politicians addressed to the Democratic National Committee (DNC) has urged the party to shift its stance on cryptocurrency. The letter advocates for a more forward-looking approach to digital assets and blockchain technology, emphasizing the potential these innovations hold for American innovation, economic growth, and financial inclusion.
In a bold move, Senator Cynthia Lummis proposed a groundbreaking bill at the Bitcoin2024 conference, where she outlined a plan to establish a Bitcoin strategic reserve for the United States. The legislation aims to accumulate at least 1 million BTC, which would account for 5% of the total Bitcoin supply. This initiative comes on the
Two prominent crypto companies, Coinbase and Revolut, experienced starkly different outcomes at the hands of UK authorities in recent developments. The Financial Conduct Authority (FCA) in the UK levied a hefty fine of £3.5 million on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for breaching Anti-Money Laundering regulations. The FCA highlighted that CBPL
The crypto industry has been facing significant challenges under the current administration, as discussed by Ben Horowitz and Marc Andreessen of Andreessen Horowitz (a16z). They openly criticized the Biden-Harris Administration for its handling of the crypto industry, pointing out regulatory ambiguities that are stifling innovation and growth in the sector. One of the key issues
