Recently, the US Securities and Exchange Commission (SEC) made headlines with its decision to postpone the approval of Ethereum (ETH) options trading on exchange-traded funds (ETFs) listed on the New York Stock Exchange (NYSE). This delay has sparked interest and debate within the financial community, and it reveals the complexity and caution that authorities are
Regulation
The impending leadership changes within key financial regulatory agencies under President-Elect Donald Trump’s transition team signal a major shift in the regulatory landscape. Reports indicate that the team is evaluating a group of corporate attorneys and seasoned Republicans to fill these influential roles. The Securities and Exchange Commission (SEC) is poised to be a focal
The National Gaming Authority (ANJ) of France is preparing to take decisive steps against Polymarket, a prominent platform that allows users to engage in crypto-based predictions. This anticipated action highlights the increasing scrutiny that cryptocurrency platforms face worldwide, particularly those that may intersect with gambling laws. Such a move reflects France’s intent to enforce its
As the landscape of global finance transforms, a significant political event has set the stage for what many are terming a “Golden Age of Crypto.” The recent victory of Donald Trump in the U.S. presidential elections has spurred discussions among crypto enthusiasts and financial analysts alike regarding the potential for a more favorable regulatory environment
In a notable development in the cryptocurrency investment landscape, asset management firm 21Shares has submitted an application for a spot XRP Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This move, made on November 1, 2023, involves filing an S-1 form to register shares of its Core XRP Trust for potential listing
In a move that highlights the intensifying scrutiny on the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) recently issued a Wells notice to Immutable, a prominent blockchain gaming platform. This action is not merely an isolated incident but part of a broader crackdown on crypto companies as the U.S. approaches its election season.
The Blockchain Association, a prominent organization advocating for crypto and blockchain interests, has disclosed alarming financial figures regarding challenges faced by its member firms. According to the association, members have accrued over $400 million in legal costs due to enforcement actions initiated by the US Securities and Exchange Commission (SEC) under the leadership of Gary
In an era where technology shapes economic landscapes, the future of America’s financial architecture stands at a crossroads. Charles Cascarilla, the CEO and co-founder of Paxos, recently addressed this pivotal junction in an open letter directed toward Vice President Kamala Harris and former President Donald Trump. His message underscores a pressing need for the incoming
In a decisive effort to streamline cross-border transactions, the Bank for International Settlements (BIS) has engaged in a collaboration with several central banks, including those from Australia, Korea, Malaysia, and Singapore. Announced on October 28, this initiative—dubbed Project Mandala—serves as a significant innovation in addressing the regulatory complexities that often hamper international finance. The collaboration
As the digital currency landscape evolves, Hong Kong is stepping up its game. Financial Secretary Paul Chan has announced that the region is poised to issue more licenses for cryptocurrency exchanges by the end of this year. During the ongoing Hong Kong FinTech Week, Chan revealed that the Securities and Futures Commission (SFC) is diligently
