The market seems to be underestimating the evolving attitude of Washington towards cryptocurrencies, according to Bitwise CIO Matt Hougan. In a memo dated June 4, he pointed out that the political landscape in the US has been shifting towards a more positive stance on crypto in recent weeks. If the impact of this change had
Regulation
The upcoming House Appropriation budget has the potential to hinder the implementation of the US SEC’s controversial Staff Accounting Bulletin 121 (SAB 121). According to FOX Business reporter Eleanor Terrett, the bill includes a policy rider that prohibits the SEC from using appropriated funds to enforce the rule. The inclusion of this provision raises questions
In a recent blog post, Coinbase CEO Brian Armstrong stressed the need for regulatory clarity in the crypto industry. He highlighted the significant investment Coinbase has made in policy efforts and emphasized the company’s commitment to continuing these investments as regulations evolve globally. Armstrong outlined two primary paths to achieving regulatory clarity: creating new case
President Joe Biden recently vetoed H.J. Res. 109, a move that stirred controversy within the financial and political spheres. The resolution aimed to overturn the SEC’s SAB 121 rule, which has been a subject of heated debate. Biden defended his veto by stating that SAB 121 represents the technical views of SEC staff and plays
The launch of spot Ethereum ETFs in the US has been eagerly anticipated, with experts speculating that it could happen as early as June. Bloomberg ETF analyst Eric Balchunas has indicated that there is a legitimate possibility of spot Ethereum ETFs launching by the end of June. However, he also mentioned that an earlier mid-June
In a recent development, SEC commissioner Hester Peirce put forward an intriguing proposal for a shared digital securities sandbox between the US and the UK on May 29. This proposal aims to expand the existing joint digital securities sandbox (DSS) of the Bank of England and the FCA to include US firms. The idea behind
Senator Cynthia Lummis has been a key figure in advocating for pro-crypto legislation in the United States. Her efforts to educate fellow senators about digital assets have not gone unnoticed. Lummis has been instrumental in establishing a financial innovation caucus and a framework for managing the crypto sector. Her emphasis on Bitcoin as a store
The US District Court for the District of Utah has recently made a decision to dismiss the Securities and Exchange Commission’s (SEC) case against DEBT Box without prejudice. In addition, the court has imposed fines totaling over $1.8 million against the SEC for what it deemed as bad faith conduct. The fines, which will be
The European Securities and Markets Authority (ESMA) has recently raised concerns regarding Maximum Extractable Value (MEV) as a form of illegal market abuse in the context of the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. Patrick Hansen, a well-known figure in the crypto regulation space, has drawn attention to this issue on
In a recent case, the U.S. District Court for the Western District of Texas sided with the Securities and Exchange Commission (SEC) in a legal battle against well-known crypto influencer Ian Balina. The court held that Balina had unlawfully offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating U.S. securities laws. This