The Commodity Futures Trading Commission (CFTC) chair Rostin Behnam has expressed a willingness for the agency to become a primary regulator for cryptocurrencies. This statement was made during a recent Senate Agriculture Committee hearing focused on digital commodities oversight. The discussion revolved around the CFTC’s request for expanded regulatory authority in the realm of cryptocurrencies.
Regulation
Bitwise Chief Compliance Officer (CCO) Katherine Dowling recently shared insights regarding the progress of spot Ethereum ETFs, stating that they are nearing the final stages of approval. She mentioned that discussions with the Securities and Exchange Commission (SEC) have been positive and that the agency is receptive to conversations about new financial products. During an
The Republican Party has announced the inclusion of Bitcoin and other cryptocurrencies in their official platform for the 2024 election, signaling a significant shift within the party towards embracing digital assets and blockchain technology. This move aligns with former President Trump’s recent statements in support of cryptocurrencies and reflects a broader trend towards recognizing the
Messari, a prominent US-based crypto market intelligence platform, has made a bold declaration of independence from the Securities and Exchange Commission (SEC). The CEO, Ryan Selkis, announced this decision, citing the regulator’s strict approach to the growing crypto industry. This move signifies Messari’s dissatisfaction with the SEC and its leadership under Chair Gary Gensler. In
Former Solicitor General Donald B. Verrilli, who currently serves as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. In a joint amicus brief filed on July 3 with Paul Clement, the former Solicitor General under President George W. Bush, Verrilli highlighted growing bipartisan concerns about
South Korea’s Financial Supervisory Service (FSS) is taking proactive steps to tighten oversight of crypto trading platforms within its jurisdiction. The regulator recently announced that local exchanges will be required to establish a continuous monitoring system for unfair transactions and report any abnormal activities promptly. This move aims to eliminate fraudulent transactions and ensure compliance
Mike Novogratz, the CEO of Galaxy Digital, recently expressed his optimistic outlook for cryptocurrency regulation in the US, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support for the crypto sector, stating that it cannot afford to have one party in favor of it while the other opposes
Entrepreneur and billionaire Mark Cuban has recently called on the US Securities and Exchange Commission (SEC) to make adjustments to Form S-1 to accommodate token-based companies looking to register with the authorities. This request comes in response to SEC Commissioner Mark Uyeda’s concerns about the current challenges with crypto disclosure filings. Form S-1 is a
Silvergate Capital found itself in hot water after settling with the SEC for a hefty $50 million. The SEC accused the company, its subsidiary Silvergate Bank, and two executives of deceiving investors about the strength of their BSA/AML compliance program. In addition, they were accused of failing to adequately monitor crypto customers, including the exchange
The head of Digital Assets Research at VanEck, Matthew Sigel, recently confirmed that the company’s proposal for a Solana spot ETF is banking on Donald Trump winning the US presidency. This move comes amid speculation and uncertainty surrounding the outcome of the upcoming US Presidential elections in November. The deadline for VanEck’s application is set
