Politics, Legal & Regulation

August 25, 2025 @ 9:51 am By Tony Zerucha  |  

The Crypto Council for Innovation led a series of industry associations this week that supported President Donald Trump’s nomination of Brian Quintenz as chairman of the CFTC. The Council said his prompt confirmation “is essential to accomplishing the proactive agenda your Administration has established to… Read More

August 25, 2025 @ 7:48 am By Omar Faridi  |  

The cryptocurrency ecosystem is undergoing a maturation phase, marked by increasing regulatory clarity, growing governmental adoption of Bitcoin as a strategic reserve, and significant market dynamics. Coinbase (NASDAQ:COIN) CEO Brian Armstrong has emerged as an active voice in the web3 space, offering insights into Bitcoin’s… Read More

August 24, 2025 @ 11:58 am By Omar Faridi  |  

In a move to address consumer financial protection, the Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against Synapse Financial Technologies, a now-bankrupt fintech company accused of mishandling customer funds. The lawsuit, filed on August 21, 2025, alleges that Synapse’s operational failures led to… Read More

August 24, 2025 @ 11:54 am By Omar Faridi  |  

In a recent statement, Andrew Ferguson, Chairman of the U.S. Federal Trade Commission (FTC), issued a stern warning to American technology companies regarding their compliance with new online safety regulations in the United Kingdom and European Union. Ferguson emphasized that adhering to these foreign laws… Read More

August 23, 2025 @ 8:11 am By Omar Faridi  |  

A coalition of prominent financial trade associations, collectively known as the Joint Trades, has called for significant revisions to the Basel Committee on Banking Supervision’s (BCBS) forthcoming Cryptoasset Exposures Standard, set to take effect in January 2026. The group, which includes the Global Financial Markets… Read More

August 23, 2025 @ 8:05 am By Omar Faridi  |  

In a key development for the cryptocurrency industry, the Office of the Comptroller of the Currency (OCC) has lifted a consent order imposed on Anchorage Digital in 2022, marking a pivotal moment for the only crypto firm holding a national bank charter. Anchorage Digital has… Read More

August 22, 2025 @ 4:14 pm By JD Alois  |  

A Special Master appointed by the Delaware District Court has recommended formal sanctions against both Envestnet and Yodlee, as part of a legal battle with FinancialApps LLC. FinancialApps claims trade secret misappropriation. Bain Capital recently acquired Envestnet, and Yodlee was acquired by STG Partners. According to… Read More

August 22, 2025 @ 3:42 pm By Omar Faridi  |  

Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced recently that the CFTC will begin its next crypto sprint initiative for “implementation of the recommendations in the President’s Working Group on Digital Asset Markets report.” Starting on August 21, 2025, Acting Chairman Pham will… Read More

August 22, 2025 @ 10:37 am By JD Alois  |  

In a speech delivered at Jackson Hole today, Federal Reserve Chairman Jerome Powell messaged a possible rate cut next month. As data has been contradictory regarding whether inflation was at risk of rising or unemployment heading lower, expectations for a rate cut in September have… Read More

August 21, 2025 @ 8:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has selected Judge Margaret “Meg” Ryan to become the new Director of the Division of Enforcement. This Division is the largest at the SEC and in many ways the most public aspect of the regulator. SEC Chairman Paul Atkins… Read More

August 21, 2025 @ 3:40 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is seeking feedback on reopened rulemaking under Section 1033 of the Dodd-Frank Act. This has to do with personal financial data generated by a user and who controls this information, and the potential for fees charged by a financial… Read More

August 20, 2025 @ 9:44 pm By Omar Faridi  |  

Linqto Inc., a once-promising startup that facilitated investments in private companies, has received court approval to liquidate valuable stakes in hard-to-access private firms to fund its ongoing bankruptcy proceedings. As first reported by Bloomberg, the decision comes as the company navigates financial distress and a… Read More

August 20, 2025 @ 8:20 am By Omar Faridi  |  

A significant regulatory update approved by Brazil’s National Monetary Council (CMN) took effect, allowing a single property to be used as collateral in multiple credit transactions. This measure, outlined in CMN Resolution No. 5,197 builds on provisions introduced by Law No. 14,711 and aims to… Read More

August 19, 2025 @ 2:45 pm By JD Alois  |  

In the summer of 2022, NFT (non-fungible token) platform OpenSea saw a former employee charged with pursuing a digital asset insider trading ploy. The former Product Manager was arrested and charged with wire fraud and money laundering. As outlined by the US Department of Justice,… Read More

August 19, 2025 @ 12:00 pm By Nick Morgan  |  

In an era defined by distrust in traditional institutions, the economic scoreboard Americans rely on—government-issued statistics like the Consumer Price Index (CPI) and Producer Price Index (PPI)—is under growing scrutiny. With inflation impacting everything from grocery bills to mortgage rates, the accuracy and timeliness of… Read More

August 19, 2025 @ 9:33 am By Omar Faridi  |  

The Digital Currency Group (DCG) has initiated legal action against its subsidiary, Genesis Global Capital LLC, in a dispute centered on a $1.1 billion promissory note issued during the crypto market turmoil of 2022. The lawsuit, filed on Thursday in the U.S. Bankruptcy Court for… Read More

August 19, 2025 @ 1:09 am By JD Alois  |  

The European ERC-3643 Association, a group that advocates on behalf of pursuing a standard for real-world asset tokenization, has visited with the Securities and Exchange Commission (SEC) to discuss this very topic. ERC 3643 is an Ethereum-based protocol standard for creating and managing permissioned tokens… Read More

August 18, 2025 @ 3:05 pm By JD Alois  |  

The U.S. Department of the Treasury has initiated a request for comments on stablecoins. The initiative is mandated under the GENIUS Act, which was recently signed into law. The GENIUS Act outlines the process to establish regulations for payment stablecoins. The regulatory framework will provide a federal… Read More

August 18, 2025 @ 8:32 am By Omar Faridi  |  

The U.S. Supreme Court’s decision to uphold the IRS’s access to Coinbase (NASDAQ: COIN) user data without a warrant marks a pivotal moment for crypto. While technically a procedural case, it carries bigger implications: in an industry built on decentralization and individual autonomy, user privacy is… Read More

August 18, 2025 @ 8:25 am By Omar Faridi  |  

TaxBit noted that this past month, the Organization for Economic Co-operation and Development (OECD) released updated guidelines for its Crypto-Asset Reporting Framework (CARF), delivering clarifications for crypto / digital assets platforms navigating the global compliance environment. These updates address ambiguities in decentralized finance (DeFi), non-fungible… Read More