Bitcoin has long been a focal point for investors due to its propensity for dramatic price fluctuations and cyclical patterns. Matt Hougan, Chief Investment Officer at Bitwise, has recently raised critical questions about the traditional four-year cycle observed in Bitcoin markets. According to Hougan, shifts in U.S. policy and regulatory frameworks may redefine these cycles,
Regulation
In recent years, the concept of tokenization has emerged as a pivotal innovation in the financial sector, presenting an opportunity to democratize investment access and broaden participation for retail investors. Vlad Tenev, the CEO of Robinhood, has underscored this urgency in his op-ed for The Washington Post, warning that the United States risks losing its
In an effort to engage with the evolving financial landscape, the Commodity Futures Trading Commission (CFTC), led by Acting Chairman Caroline Pham, has unveiled plans for a series of public roundtables. These forums aim to dissect the intricate challenges and opportunities presented by the current market structure, focusing on critical topics such as conflicts of
In a significant move for its cross-border payment solutions, Ripple has secured two Money Transmitter Licenses (MTLs) in states critical to its operations: New York and Texas. This acquisition bolsters the company’s compliance standing and expands its licensing footprint in the U.S. to a total of 31. The importance of these states cannot be overstated;
Recent developments from the US Securities and Exchange Commission (SEC) signify a transformative change in the regulatory landscape for cryptocurrency custody. With the introduction of Staff Accounting Bulletin (SAB) 122, the SEC has replaced the controversial SAB 121, which had drawn criticism for its complex regulatory framework. The March 2023 update illuminates how this move
In a pivotal move for the emerging field of digital assets, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the Senate Banking Subcommittee on Digital Assets. This announcement, made on January 23, sets the stage for Lummis to spearhead legislative initiatives aimed at establishing a robust regulatory framework for blockchain technology
The intersection of technology and law is increasingly becoming a battlefield, particularly as the digital world evolves and privacy-enhancing technologies emerge. Roman Storm, the co-founder of Tornado Cash, has been thrust into this fray following his prosecution, which he describes as a grave threat to privacy. This unique case not only places Storm at the
The evolving landscape of cryptocurrency has prompted regulatory bodies to reassess their approaches, and the U.S. Securities and Exchange Commission (SEC) is no exception. Recently, on January 21, the SEC announced the establishment of a dedicated crypto task force, spearheaded by Commissioner Hester Peirce, colloquially known as “Crypto Mom.” This initiative marks a significant pivot
In a significant shift for the U.S. Securities and Exchange Commission (SEC), President Donald Trump has appointed Mark Uyeda as the acting chair effective January 20. This move comes simultaneously with the resignation of Gary Gensler, who had been at the helm of the SEC during a time of rapid evolution in the financial landscape,
Caroline Pham’s recent selection as acting chair of the Commodity Futures Trading Commission (CFTC) marks a significant moment for the regulatory landscape of cryptocurrency in the United States. Her appointment, backed by a vote from the CFTC’s five commissioners, comes at a pivotal time when the crypto industry is grappling with rapid changes and heightened
