In a recent announcement, President-elect Donald Trump officially nominated Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This decision, shared via a Trust Social post on December 4, reflects a significant step towards enhancing the regulatory landscape for digital assets in the United States. Trump lauded Atkins as a
Regulation
In a significant development for the digital asset market, Grayscale Investments has initiated the process of converting its Grayscale Solana Trust into a spot exchange-traded fund (ETF). By filing this move with the U.S. Securities and Exchange Commission (SEC), Grayscale is not only striving to expand its offerings but is also aiming to enhance accessibility
As discussions surrounding the next U.S. Securities and Exchange Commission (SEC) chair heat up, the anticipated frontrunner, Paul Atkins, finds himself in a precarious situation that reflects broader concerns about the agency’s direction and public confidence. The president-elect’s inclination to nominate him has been met with skepticism from Atkins himself, who seems acutely aware of
On December 2, 2023, South Korea’s Democratic Party made a significant decision to delay the implementation of newly proposed taxation laws concerning cryptocurrencies. This development hints at a momentary ceasefire in the ongoing and contentious discourse surrounding the regulation of digital assets within the country. Democratic Party floor leader Rep. Park Chan-dae announced a two-year
The ambitious venture known as Diem, formerly called Libra, epitomized the grand aspirations of one of the world’s foremost technology companies, Meta. Launched in 2019, Diem aimed to create a comprehensive global payment network backed by a diverse range of international currencies. Co-founded by David Marcus, the project attracted considerable interest and support from major
As the political landscape shifts with the impending inauguration of President-elect Donald Trump, many in the cryptocurrency sphere are brimming with optimism. Faryar Shirzad, the Chief Policy Officer of Coinbase, recently shared insights regarding the potential for swift strides toward comprehensive crypto regulation in the U.S. With Trump at the helm and a Republican-majority Congress,
The landscape of cryptocurrency ownership in the United Kingdom is shifting rapidly, with recent statistics revealing an increase in adult ownership from 10% to an impressive 12%. This change, identified in a November report by the Financial Conduct Authority (FCA), underscores a growing acceptance of digital assets in mainstream finance. Furthermore, awareness of cryptocurrencies has
The Central Bank of Brazil (BCB) has recently introduced a regulatory proposal that marks a significant shift in the governance of cryptocurrency transactions, particularly regarding stablecoins. According to this proposal, centralized exchanges will be prohibited from allowing users to withdraw stablecoins into self-custodial wallets. This initiative, aiming to maintain regulatory oversight and ensure the integrity
In a move that underscores its commitment to modernizing the financial sector, Iran’s Central Bank is on the cusp of launching the Digital Rial, a central bank digital currency (CBDC) aimed at revitalizing the country’s banking infrastructure. Announced by Central Bank Governor Mohammad Reza Farzin during the 11th Annual Conference on Modern Banking and Payment
The landscape of cryptocurrency regulation in the United States is in for a significant overhaul, as the Trump administration has proposed expanding the authority of the Commodity Futures Trading Commission (CFTC) to encompass large sections of the burgeoning $3 trillion digital asset market. This potential shift marks a departure from the current emphasis on strict
