The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant step towards providing regulatory clarity for the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major player in the industry. Christina Rolle, the executive director
Regulation
Jonathan Mann and Brian L. Frye, both well-known figures in the digital art world, have recently filed a lawsuit against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs as securities. This case has sparked a heated debate within the art community about the implications of treating digital art as traditional investments.
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While Solomon has never been a vocal critic of Bitcoin, he still maintains a cautious approach towards the cryptocurrency. He regards Bitcoin as a speculative investment with no clear use
The recent letter penned by a group of Democrat politicians to the Democratic National Committee (DNC) urging a shift away from anti-crypto policies marks a significant moment in the party’s approach towards digital assets and blockchain technology. The letter underscores the importance of adopting a forward-looking approach in order to harness the immense potential that
President Donald J. Trump has recently made bold statements regarding his vision to make the US a prominent player in the world of cryptocurrency, particularly Bitcoin. He has vowed to maintain the US’s lead over competitors such as China by instituting new policies that support the growth and adoption of Bitcoin. Protecting Bitcoin Holdings One
The Basel Committee on Banking Supervision recently announced the release of its final disclosure framework for banks’ crypto exposures. This framework, known as DIS55, aims to enhance transparency and ensure a consistent regulatory approach in the fast-growing field of digital assets. The new standards are set to take effect on Jan. 1, 2026. Under the
Elon Musk, the CTO and chairman of X, recently took to social media to make some shocking claims about the European Commission. According to Musk, the EC allegedly offered X an “illegal secret deal” to censor speech in order to avoid being fined in the EU. Musk made these claims in response to the EC’s
The recent closure of the SEC investigation into Hiro and the Stacks blockchain marks a significant milestone in the history of the Bitcoin Layer-2 network. After more than three years of scrutiny, the team is celebrating the conclusion of the investigation without any enforcement action recommended. This outcome is a testament to Hiro’s commitment to
The UK Law Commission recently published a scoping paper discussing the legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities that work towards a common goal, such as investing in startups or acquiring historical artifacts. However, the Commission highlighted the difficulties in defining DAOs, as there is a lack of
The recent decision by the US Securities and Exchange Commission (SEC) regarding exceptions for certain institutions impacted by Staff Accounting Bulletin No. 121 (SAB 121) has sparked debate within the financial industry. This move is seen as a significant development in the realm of crypto accounting compliance and has the potential to shape the future
