The recent announcement from the Office of the Comptroller of the Currency (OCC) is nothing less than a seismic shift in how national banks are allowed to interact with the crypto landscape. This policy change signifies a liberation from the stringent restrictions that previously shackled banks, allowing them to dive headfirst into the burgeoning crypto
Regulation
On March 6, President Donald Trump signed an executive order that many are calling a landmark moment for the future of digital finance in the United States. The establishment of a Strategic Bitcoin Reserve along with a Digital Asset Stockpile signals an unprecedented commitment to cryptocurrency within federal policy. By choosing to retain seized Bitcoin
Japan’s ruling Liberal Democratic Party (LDP) is on the brink of an economic transformation with its proposal to significantly reduce crypto tax rates. This marks a pivotal moment in the nation’s financial landscape, as legislation that positions cryptocurrencies as an independent asset class is gaining traction. The proposed shift from the burdensome 55% tax rate
The recent announcement from Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham about a rejuvenated collaboration between the CFTC and the U.S. Securities and Exchange Commission (SEC) could be a watershed moment for crypto regulation in the United States. The two agencies are coming together, driven perhaps more by necessity than choice, in the
The recent establishment of the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force heralds a significant paradigm shift in the regulation of digital assets. With a series of roundtables aimed at dissecting key regulatory challenges, the SEC seems poised to unravel the complexities that have often bogged down this burgeoning sector. As Commissioner Hester
In a surprising turn of events, the US Securities and Exchange Commission (SEC) has decided to wrap up its investigation into Yuga Labs, the powerhouse behind the iconic Bored Ape Yacht Club and the enigmatic CyberPunks NFT collections. The SEC’s declaration of no imminent enforcement actions has not only validated Yuga Labs but also sent
The landscape of cryptocurrency has witnessed tremendous evolution over the past decade, often marked by breathtaking innovation and equally swift regulatory responses. Coinbase has now taken an audacious step to bring transparency to the often murky waters of government intervention, particularly the Securities and Exchange Commission’s (SEC) actions under former Chairman Gary Gensler. By filing
Tether’s announcement of Simon McWilliams as the new Chief Financial Officer may have been hailed as a step towards transparency, but one can’t help but view this move through a skeptical lens. While it’s commendable to bring in a seasoned finance executive who has experience navigating audits, the mere appointment of McWilliams does not inherently
As Ukraine navigates the complexities of legalizing cryptocurrencies, the nation stands on the brink of a monumental shift in its economic landscape. Reports emerging in late February 2023 indicate that lawmakers are gearing up to vote on a crucial piece of legislation that could pave the way for the formal recognition of digital assets within
In the rapidly evolving world of cryptocurrency, regulatory measures are crucial for maintaining market integrity and investor confidence. However, recent actions by the U.S. Securities and Exchange Commission (SEC) have raised eyebrows, particularly among its own commissioners. Caroline Crenshaw, a commissioner at the SEC, has voiced strong criticism regarding the agency’s decision to dismiss several