As the landscape of cryptocurrency investment continues to evolve, significant expectations are brewing around the approval of altcoin-related exchange-traded funds (ETFs). According to Eric Balchunas, a senior ETF analyst at Bloomberg, the forthcoming period promises to be “pretty wild” for cryptocurrency, especially if we do not face profound market declines. He pointed out that there
Regulation
As the political landscape shifts with the pending second administration of President-elect Donald Trump, one name emerging prominently among potential candidates for chair of the U.S. Securities and Exchange Commission (SEC) is Paul Atkins. A notable figure in financial regulation, Atkins has advocated for deregulation, focusing on market-driven innovation. His appointment could signal a new
In an increasingly digital world, the banking sector is seeing a significant transformation, as evidenced by Iran’s recent announcement regarding its Central Bank Digital Currency (CBDC), known as the Digital Rial. This initiative, revealed by Central Bank Governor Mohammad Reza Farzin, aims not only to modernize Iran’s financial infrastructure but also to enhance the efficacy
Recent data from the Financial Conduct Authority (FCA) reveals a notable uptick in cryptocurrency ownership among UK adults, rising to 12% from 10%. This increase signals a growing acceptance and curiosity towards digital assets within the general populace. Interestingly, awareness levels have soared to an impressive 93%, indicating that the conversation around cryptocurrencies is rapidly
In a bold move to reshape the regulatory landscape for cryptocurrency in the United States, the Blockchain Association recently addressed President-elect Donald Trump and Congress. The nonprofit organization, which advocates for crypto and blockchain businesses, articulated a pressing agenda that highlights the sector’s desire for effective governance. The letter, penned by CEO Kristin Smith, lists
In a significant development for the cryptocurrency sector, a federal court has overturned the Securities and Exchange Commission’s (SEC) contentious dealer rule, marking a pivotal moment in the ongoing struggle between regulators and digital asset innovators. On November 21, the U.S. District Court for the Northern District of Texas ruled that the SEC had exceeded
Gary Gensler’s upcoming departure from the role of Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, marks a significant juncture for the agency as it coincides with the inauguration of President-elect Donald Trump. Gensler, who has been at the helm since April 2021, described his time with the SEC as
In a rapidly evolving digital landscape, the United States is contemplating the creation of a significant role, the “crypto czar,” aimed at establishing robust policies for the burgeoning cryptocurrency market. This initiative, reportedly championed by the Trump administration, comes at a time when the global digital asset market has surged to an impressive $3 trillion.
The digital asset landscape in the UK is undergoing substantial transformation, particularly with the anticipated launch of the GBPA, a stablecoin pegged to the pound sterling. Developed by Agant, this new financial instrument aims to fill a notable void in the digital currency space, which increasingly demands regulated solutions. As millions of individuals and a
In the rapidly evolving landscape of finance, the significance of effective regulatory frameworks cannot be overstated. As the cryptocurrency market continues to mature, the role of the Securities and Exchange Commission (SEC) becomes increasingly vital. Jesse Powell, the founder of the Kraken exchange, has put forth a compelling case for Brian Brooks, the former acting