As the curtain falls on Gary Gensler’s tenure as Chair of the Securities and Exchange Commission (SEC), it becomes increasingly evident that his relationship with the cryptocurrency industry has been anything but harmonious. Gensler’s persistent critique of crypto assets and their lack of regulatory oversight has drawn ire from many stakeholders in the sector, creating
Regulation
In recent years, particularly over the last three, the intersection of cryptocurrency and traditional banking has proven to be fraught with challenges. According to a report from The Wall Street Journal, approximately 120 out of 160 hedge funds involved in cryptocurrency investments have encountered significant barriers in securing banking services. This statistic, drawn from a
As the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), the landscape for stablecoin issuers is undergoing significant transformation. One of the most notable developments is Tether’s recent investment in StablR, a European stablecoin issuer. This strategic move reflects a broader effort not only to align with regulatory demands but also to
In a significant move to solidify its position in the cryptocurrency landscape, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring 7,629 BTC, amounting to approximately $705 million. According to on-chain analysis conducted by Arkham Intelligence, this latest purchase brings Tether’s total Bitcoin holdings to an impressive 82,983 BTC, equivalent
As the landscape of finance evolves, traditional institutions are increasingly looking toward the world of cryptocurrency. A noteworthy example is Morgan Stanley’s subsidiary, E-Trade, which is on the verge of introducing crypto trading services. This strategic decision is fueled by expectations of a more favorable regulatory atmosphere following the recent political transition. Analysts have taken
MoonPay, a prominent player in the crypto payment space, has recently garnered a significant achievement: the approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This critical milestone, validated by the Netherlands’ Authority for the Financial Markets (AFM), equips MoonPay with the authority to provide its extensive range of services across the
Recent developments in the regulatory landscape surrounding decentralized finance (DeFi) have ignited a sharp response from various stakeholders in the cryptocurrency domain. Andreessen Horowitz’s blockchain division, known as A16z Crypto, has publicly taken a stand against the U.S. Internal Revenue Service (IRS) and the Department of the Treasury after they issued new broker rules affecting
In a move that has sent ripples through the cryptocurrency community, the U.S. Department of Treasury and the Internal Revenue Service (IRS) have unveiled final regulations concerning digital asset service providers. The regulations designate certain entities, including decentralized finance (DeFi) platforms, as “brokers,” necessitating compliance with stringent reporting and Know-Your-Customer (KYC) requirements. As the deadline
As we approach 2025, the cryptocurrency landscape is on the brink of transformative changes, particularly in the United States. Coinbase’s insights reveal a landscape ripe for evolution, primarily driven by tokenization, the resurgence of decentralized finance (DeFi), and significant regulatory shifts. After years of obscurity concerning regulations, 2025 is poised to become a cornerstone year
The cryptocurrency domain, long characterized by its volatile nature and regulatory ambiguities, has received significant attention from European authorities recently. The European Securities and Markets Authority (ESMA) has finalised its guidance on the Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for the region’s evolving financial ecosystem. This culmination of an 18-month period of
