Kraken founder Jesse Powell made headlines recently after donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that the donation was intended to help the US maintain its leadership position in blockchain technology. His decision to support Trump, who has shown a more favorable stance towards crypto,
Regulation
In a recent statement to the media, Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, emphasized that crypto is not a partisan issue. She highlighted that crypto has garnered bipartisan support and has captured the attention of voters throughout the United States. Bottoms noted that crypto and blockchain technologies are
Paradigm, a prominent firm in the blockchain ecosystem, recently raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). One of the key issues highlighted by Paradigm is the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. ESMA categorized MEV
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. This stage of the lawsuit is typically where a resolution is expected, but the timeline for the conclusion remains uncertain. Recent developments have unfolded as of June 27th, shedding light on the progress of the
Nigeria’s Securities and Exchange Commission (SEC) has recently made a bold move by issuing a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. They have warned of enforcement actions against non-compliance, signaling a stricter stance towards the rapidly growing crypto industry. The SEC announced the initiation of the Accelerated Regulatory
Scott Matherson is a notable figure in the cryptocurrency world, recognized for his ability to explain complex topics in a clear and engaging manner. With a background in industries such as banking and investment, Scott brings a wealth of experience to his writing in the crypto space. His in-depth knowledge allows him to break down
Louisiana Governor Jeff Landry recently made headlines by signing a bill that has significant ramifications for the world of cryptocurrency. The bill, named HB 488, goes beyond just prohibiting central bank digital currencies (CBDCs) and delves into protecting crypto mining. This move has sparked discussions and debates within the crypto community about the implications of
Ripple, a prominent cryptocurrency company, is facing new legal challenges following a ruling by a US judge in California. The judge approved a lawsuit against Ripple, specifically targeting the company’s CEO, Brad Garlinghouse, for allegedly making misleading statements. The lawsuit alleges that Garlinghouse misled investors into investing in Ripple’s digital asset, XRP, based on comments
Binance, the world’s largest crypto exchange, has been dealing with a growing number of regulatory hurdles in various countries such as India, Canada, and the United States. Most notably, the Financial Intelligence Unit (FIU) of India recently fined Binance 188.2 million Indian Rupees for failing to comply with the nation’s Anti-Money Laundering (AML) regulations. The