In recent years, the United Kingdom has witnessed a remarkable surge in interest and participation in digital assets. With approximately 6 million individuals and 32% of UK institutions venturing into this dynamic domain, the rationale for a regulated digital currency solution has become increasingly evident. Amidst this backdrop, Agant’s initiative to launch GBPA, a stablecoin
Regulation
In a notable display of support within the cryptocurrency realm, Jesse Powell, the CEO and founder of the Kraken crypto exchange, has publicly backed Brian Brooks as a strong candidate for the role of Chair of the Securities and Exchange Commission (SEC). This endorsement, articulated through a recent post on social media platform X, underscores
In an unprecedented move, Major Jason Lowery of the U.S. Space Force is seeking to bridge the divide between cryptocurrency and national security. His application to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy (OSTP) has sparked discussions about the implications of
With Donald Trump’s election as President once again, substantial transformations in policy, particularly concerning cryptocurrency, are anticipated. During his campaign, Trump demonstrated a clear intention to soften regulation and enforcement associated with cryptocurrency, prioritizing other areas like immigration law enforcement. This shift raises important questions about the future of cryptocurrency oversight and the implications for
The actions of Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), have ignited a firestorm of criticism from various quarters, most notably from Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini. Winklevoss asserts that Gensler’s decisions cannot simply be dismissed as mistakes made in good faith, but rather are calculated moves driven
The landscape of cryptocurrency enforcement in the United States is entering a transformative phase, particularly within the U.S. Attorney’s Office for Manhattan. Recent statements from Scott Hartman, co-chief of the Securities and Commodities Task Force for the Southern District of New York (SDNY), indicate that the focus on prosecuting crypto-related crimes will be dialed back.
In a recent notice issued on November 15, the Hong Kong Monetary Authority (HKMA) has raised a significant red flag regarding the conduct of certain foreign cryptocurrency firms operating within its jurisdiction. These entities are deceitfully marketing themselves as legitimate banks to deceive individuals in Hong Kong and gain their trust. This situation highlights a
The world of cryptocurrency regulation is fraught with speculation and uncertainty, particularly with individuals who have significant influence over the regulatory landscape. Former Chair of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has recently found himself at the center of such speculation. Giancarlo firmly rejected rumors suggesting he was being considered for the top
In a landscape increasingly dominated by digital assets, the Digital Chamber of Commerce is raising a crucial point regarding the current guidelines that prohibit federal employees from holding cryptocurrencies. This issue, brought to light in a correspondence to the US Office of Government Ethics, underscores a significant discrepancy between existing asset management standards for government
In a world where the digital currencies constantly evolve, the potential ramifications of political decisions on cryptocurrency markets cannot be understated. Xiao Feng, the CEO of Hashkey Group, recently shared his views on how a pro-cryptocurrency administration in the United States could lead to significant changes in China’s regulatory stance on digital assets. In a