Regulation

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

Circle, a prominent player in the cryptocurrency space, recently made headlines by announcing that it has obtained an e-money license from France. This development positions Circle as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. This article delves into the significance of this achievement and what it means

The Bahamas are taking steps to increase the adoption of their central bank digital currency, the “Sand Dollar”, by providing access through commercial banks. This move is seen as critical by the Central Bank of The Bahamas to raise adoption rates for CBDCs and mobile payments. Governor of the Central Bank of The Bahamas, John

Vitalik Buterin, the co-founder of Ethereum, has raised significant concerns about the current state of cryptocurrency regulation, particularly in the United States. He believes that the existing regulatory framework creates a paradox that hampers the growth and integrity of the industry. Buterin points out that projects with vague promises and unclear potential returns are allowed

Cryptocurrencies have brought about a revolution in the world of digital finance, presenting both challenges and opportunities for regulators across the globe. The European Union has taken a proactive approach by introducing the Markets in Crypto-Assets regulation (MiCAR) to provide a harmonized framework for crypto asset services. However, the emergence of non-custodial crypto asset service

The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the regulation of crypto assets by the Securities and Exchange Commission (SEC). This decision, which originated in a 1984 case titled Chevron v. Natural Resources Defense Council, fundamentally alters the way federal courts must defer to agency interpretations

Keisha Lance Bottoms, slated to become Joe Biden’s senior campaign adviser, recently expressed her views on cryptocurrency, emphasizing that it is a nonpartisan issue. In a statement to The Hill, she highlighted how crypto has garnered bipartisan support and has captured the attention of voters nationwide. Bottoms emphasized the transformative potential of crypto and blockchain

Paradigm, a prominent firm in the cryptocurrency space, has raised significant concerns regarding the European Securities and Markets Authority’s (ESMA) interpretation of Maximum Extractable Value (MEV) under the Markets in Crypto Assets Regulation (MiCA). ESMA has stated that MEV will be treated as a form of market abuse, which has sparked apprehension within the crypto

Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) aimed at aligning existing rules with current industry trends. The SEC’s directive requires all operating

Abra and CEO William “Bill” Barhydt have reached a settlement with 25 US state regulators for offering crypto trading services without securing appropriate licenses. This settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involves the regulators forgoing monetary penalties of $250,000 per jurisdiction in exchange for Abra facilitating $82 million

Coinbase, a prominent player in the cryptocurrency market, could be facing regulatory challenges in the near future. This is in relation to new FASB accounting rules that are set to change the way digital assets are accounted for. The Financial Accounting Standards Board (FASB) agreed upon new accounting rules in 2023 that will officially come

Louisiana Governor Jeff Landry recently signed a bill, HB 488, that aims to protect the rights of individuals and businesses to engage in crypto transactions. The bill prohibits central bank digital currencies (CBDCs) and ensures that governing authorities cannot accept or require payments in CBDCs. The bill also lays out rules around crypto mining and

Ripple, a prominent cryptocurrency company, is facing new legal challenges following a US judge’s decision to allow a lawsuit against the firm. The lawsuit specifically targets CEO Brad Garlinghouse for allegedly making misleading statements. The case is set to proceed to trial, where a jury will determine whether Garlinghouse misled investors during a televised interview