In a recent Senate Agriculture Committee hearing, CFTC chair Rostin Behnam expressed openness to the idea of the agency becoming a primary regulator for cryptocurrencies. This proposal, if implemented, would involve changes to the definitions of securities and commodities. Senator Roger Marshall suggested that the CFTC take on the role of primary regulator for digital
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The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.
The crypto market intelligence platform, Messari, recently made headlines by declaring independence from the Securities and Exchange Commission (SEC). CEO Ryan Selkis boldly stated that the company will be waging a war against the regulator, citing the SEC’s stringent approach to the emerging industry. This move signifies a significant shift in the relationship between crypto
Opeyemi is a dedicated writer who has found his passion in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply immersed in it over the past two years. His enthusiasm for unraveling the complexities of blockchain technology and staying updated on the latest trends in the cryptocurrency world
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against cryptocurrency exchange Binance. According to Akinwumi’s testimony in a legal case brought by the Economic and Financial Crimes Commission (EFCC), Binance and its executive, Tigran Gambaryan, are being accused of conducting transactions that are typically reserved for authorized banks
In a recent statement on July 4th, the European Banking Authority (EBA) announced updates to their Travel Rule guidelines. This update now includes regulations for crypto service providers and intermediaries in the European Union. Starting on December 30, 2024, all crypto exchanges operating within the EU will be required to adhere to the Travel Rule
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges and opportunities for regulators across the globe. One of the largest government bodies to tackle this issue is the European Union, which has implemented the Markets in Crypto-Assets regulation (MiCAR). However, a critical gap has emerged in the
Opeyemi is deeply involved in the world of cryptocurrency, despite it not being his initial career choice. His fascination with blockchain technology has kept him engaged in the industry for over two years. He takes pride in his ability to demystify the complexities of cryptocurrency and share his insights with others. Opeyemi’s dedication to analyzing
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission (SEC) and its regulatory authority over the crypto industry. The Chevron doctrine, established in the 1984 case Chevron v. Natural Resources Defense Council, outlined a framework for federal courts to defer to agency
Binance, one of the largest cryptocurrency exchanges in the world, recently announced that it is implementing stricter measures to address account misuse. The company stated that certain account features on the platform are being misused or exploited to gain unfair advantages such as better fee rates and higher API limits over other users. While it