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
Regulation
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
The digital age has ushered in a myriad of technological advances, many of which have profound implications for national security. Among these technologies, the Proof-of-Work (PoW) mechanism utilized by Bitcoin and other cryptocurrencies stands out, with emerging advocates in the military seeking to incorporate its principles into defense frameworks. Major Jason Lowery of the U.S.
In the wake of Donald Trump’s election to the presidency, significant changes to the regulatory landscape of cryptocurrency are anticipated. As Trump reshapes priorities within the Justice Department and various regulatory agencies, the approach toward cryptocurrency enforcement is likely to pivot. Trump’s campaign has already indicated a commitment to deprioritizing these digital assets and refocusing
The actions of Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC), have sparked significant outcry, particularly from critics within the cryptocurrency realm. Among the most vocal is Tyler Winklevoss, co-founder of the crypto exchange Gemini and a former Olympic rower, who has positioned himself as a significant adversary to Gensler’s
The Manhattan US Attorney’s Office is undergoing a significant transformation regarding its approach to cryptocurrency-related crimes. In a recent announcement, Scott Hartman, co-chief of the securities and commodities task force for the Southern District of New York (SDNY), acknowledged a strategic pivot away from the intense scrutiny that characterized the post-Fall 2022 environment. Hartman articulated
The Hong Kong Monetary Authority (HKMA) has recently issued a stern warning regarding foreign cryptocurrency companies that misrepresent themselves as legitimate banking institutions. This advisory, released on November 15, aims to educate the public on the deceptive practices employed by some overseas firms, which are using banking terminology to build trust among potential users in
Former CFTC Chair Christopher Giancarlo has recently quashed speculation surrounding his potential appointment as the next Chair of the US Securities and Exchange Commission (SEC) or in any role within the US Treasury with a focus on cryptocurrency. Giancarlo, known as ‘Crypto Dad’ for his favorable perspective on digital currencies, firmly stated that he has