In a significant milestone for its growth strategy, Ripple has secured two Money Transmitter Licenses (MTLs) in the key markets of New York and Texas. These states, known for their rigorous regulatory environments, are pivotal for companies involved in financial transactions. With this acquisition, Ripple’s total number of MTLs in the United States has now
Regulation
In a bold step towards melding traditional finance with digital innovation, Taiwan’s Financial Supervisory Commission (FSC) has announced intentions to create a regulatory framework that will enable banks to issue stablecoins. Scheduled for unveiling in June, this legislative proposal aims to define stablecoins as a crucial link between the New Taiwan dollar (TWD) and various
In a significant development for the cryptocurrency sector, the US Securities and Exchange Commission (SEC) has unveiled Staff Accounting Bulletin (SAB) 122, effectively replacing its predecessor, the much-maligned SAB 121. This policy change comes as a relief for financial institutions and crypto stakeholders, who have long viewed the previous regulations as cumbersome hurdles to their
In a pivotal move for the future of cryptocurrency and blockchain technology in the United States, Senator Cynthia Lummis from Wyoming has been appointed as the inaugural chair of the new Senate Banking Subcommittee on Digital Assets. This groundbreaking announcement was made public on January 23 and marks a significant commitment from Congress to engage
The prosecution of Roman Storm, co-founder of Tornado Cash, has sparked serious debates about privacy, software development, and regulatory overreach in the cryptocurrency space. In a recent statement, Storm characterized his legal challenges as an alarming “criminalization of privacy,” raising questions about the implications for developers who create privacy-enhancing technologies. Tornado Cash itself serves as
On January 21, the U.S. Securities and Exchange Commission (SEC) took a significant step toward comprehensively addressing the complexities of the cryptocurrency landscape by instituting a specialized crypto task force. Spearheaded by the outspoken Commissioner Hester Peirce, popularly dubbed “Crypto Mom,” this task force aims to forge a coherent regulatory framework designed to navigate the
In a notable shift within the U.S. Securities and Exchange Commission (SEC), President Donald Trump appointed Mark Uyeda as the acting chair on January 20, marking a critical juncture for the regulatory body. This change came alongside the formal resignation of Chair Gary Gensler, whose tenure has been marked by contention particularly around digital assets
In a significant move that is poised to reshape the landscape of cryptocurrency regulation in the United States, Caroline Pham has reportedly been appointed as the acting chair of the Commodity Futures Trading Commission (CFTC). This development, first reported by Bloomberg News, highlights a transition in leadership as the agency navigates the dynamically evolving crypto
The landscape of cryptocurrency in Europe is currently undergoing a significant shift as regulatory frameworks evolve. Central to this transformation is the Markets in Crypto-Assets Regulation, commonly referred to as MiCA. This landmark legislation aims to create a standardized approach to cryptocurrency governance across the European Union. With its synchronized rules governing transparency, consumer protection,
In the evolving world of cryptocurrency, the approval of exchange-traded funds (ETFs) represents a significant milestone towards legitimizing and integrating digital assets within traditional financial systems. On January 16, Nasdaq submitted a 19b-4 Form to list and facilitate the trading of a spot Litecoin (LTC) ETF, a move that has garnered considerable attention and speculation