Politics, Legal & Regulation

May 29, 2025 @ 3:42 pm By JD Alois  |  

The Coalition for Crowdfunding American Jobs and Prosperity (CCAJP) has issued a statement slamming the “Big Beautiful Bill,” the tax and budget legislation that was recently approved by the House of Representatives. The CCAJP members include the Crowdfunding Professionals Association (CfPA) as well as industry… Read More

May 29, 2025 @ 11:54 am By JD Alois  |  

The Crypto Council for Innovation, an advocacy group for the digital asset sector, is welcoming the two consultations launched by the UK Financial Conduct Authority addressing the clarity of regulation for the digital asset industry, including the key stablecoin industry. The consultations cover the issuance… Read More

May 29, 2025 @ 11:35 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is in the midst of two consultations that will impact digital assets or crypto. As the world has taken a recent change in embracing digital asset innovation, the FCA wants to stay in the game, supporting responsible innovation and… Read More

May 28, 2025 @ 4:13 pm By JD Alois  |  

The SEC’s next Crypto Task Force Roundtable is preparing to tackle DeFi or decentralized finance. Entitled “DeFi and the American Spirit,” SEC Commissioner Hester Peirce says DeFi “exemplifies the promise of crypto, as it allows people to interact without intermediaries.” “I look forward to learning… Read More

May 28, 2025 @ 4:00 pm By JD Alois  |  

The Financial Technology Association (FTA) has told Senate members not to tax remittances nor include citizenship verification as part of the anticipated reconciliation bill. The FTA said that it was joined by six other associations asking the Senate not to “harm hardworking Americans, including active… Read More

May 28, 2025 @ 3:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Economic and Risk Analysis (DERA) has provided an analysis of Reg CF and Reg A as enabled under the JOBS Act of 2012. The SEC has previously provided data on the various online capital formation exemptions, but… Read More

May 28, 2025 @ 9:30 am By Tony Zerucha  |  

Federal oversight of stablecoins is forthcoming. Last month, the House Financial Services Committee reviewed the STABLE Act (HR 2392). Introduced by Chairman French Hill and Rep. Bryan Steil, the STABLE Act expands federal oversight of stablecoins by strengthening compliance mechanisms and providing clear rules for their… Read More

May 27, 2025 @ 5:05 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has issued “principles” for the Securities and Exchange Commission (SEC) on the regulation of digital assets, or crypto. NASAA is the entity that represents all state and provincial securities regulators across the continent. At times in the past,… Read More

May 27, 2025 @ 11:28 am By JD Alois  |  

Switzerland-based Sygnum, a digital asset bank, has announced that J. Christopher Giancarlo will be joining Sygnum as a Senior Policy Advisor. Giancarlo, the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), is well-known for his support of digital asset innovation. Giancarlo served at the CFTC… Read More

May 27, 2025 @ 7:59 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More

May 26, 2025 @ 11:31 am By Omar Faridi  |  

Recently, in Sterling, Virginia, US President Donald Trump hosted a dinner at his Trump National Golf Club, welcoming 220 of the top investors in his $TRUMP meme coin. The event, described as “black-tie optional,” drew a mix of cryptocurrency enthusiasts, high-profile figures, and controversy, with… Read More

May 26, 2025 @ 9:22 am By Omar Faridi  |  

The introduction of the Sepa Instant Payments regulation is set to reshape the financial landscape across Europe, with nearly half of the region’s banks anticipating significant interest revenue losses due to heightened liquidity requirements. Despite these financial challenges, many institutions remain optimistic, believing the long-term… Read More

May 24, 2025 @ 6:11 pm By Michael Wong  |  

India has established a new Payments Regulatory Board (PRB), a significant move that restructures the oversight of the country’s rapidly expanding digital payments ecosystem. The formation of the PRB under the Payments Regulatory Board Regulations, 2025, reflects a hybrid model of governance between the Reserve… Read More

May 22, 2025 @ 10:23 am By Omar Faridi  |  

Bprotocol Foundation, a non-profit foundation dedicated to promoting the development and adoption of the Bancor Protocol, and LocalCoin Ltd., the original developer of the Bancor Protocol, announced that they have filed a lawsuit in the United States District Court for the Southern District of New… Read More

May 22, 2025 @ 9:14 am By Omar Faridi  |  

Crypto.com announced that it had secured a Markets in Financial Instruments Directive (MiFID) license after receiving approval of its acquisition of A.N. Allnew Investments Ltd from the Cyprus Securities and Exchange Commission (CySEC). Allnew is licensed by the CySEC to provide “investment and ancillary services… Read More

May 21, 2025 @ 4:22 pm By Omar Faridi  |  

The Texas House of Representatives has passed Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act, during its second reading on May 21, 2025. The bill, which garnered strong bipartisan support with a 105-23 vote, moves Texas closer to… Read More

May 21, 2025 @ 10:05 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged New York City-based Unicoin, Inc. and three of its top executives—CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez—for “false and misleading statements… Read More

May 21, 2025 @ 7:45 am By JD Alois  |  

The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal is to further enhance Hong Kong’s “virtual asset activities.” The new rules will come into effect this year. The Stablecoins Ordinance requires… Read More

May 20, 2025 @ 11:12 pm By Omar Faridi  |  

The Genesis Litigation Oversight Committee, which represents the interests of creditors, filed two major lawsuits (on behalf of Genesis debtors and their bankruptcy estates) against its parent company, Digital Currency Group (DCG), its CEO Barry Silbert, and a network of so-called insiders. The legal actions,… Read More

May 20, 2025 @ 6:52 pm By JD Alois  |  

The US Department of Justice is investigating the recent insider hack of Coinbase (NASDAQ:COIN), according to Bloomberg. Coinbase is said to have brought the breach to the authorities’ attention, but the company itself is not under investigation. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this fact… Read More