Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently expressed strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. This act has been hailed for providing regulatory clarity to the crypto industry, but Gensler argues that it would actually weaken consumer protections in the market. The
Regulation
Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
After closely examining the report from Coinbase Institutional Research Analyst David Han, it is evident that the chances of the SEC approving spot Ethereum ETFs by the end of the month are estimated between 30% to 40%. The correlation between CME futures product and spot exchange rates, which was a significant factor in the approval
Oklahoma has made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin through the passing of a groundbreaking bill. This new legislation signed by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill (HB3594), solidifies the ability of residents to possess, control, and utilize digital
Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters. The cryptocurrency market as a
The US Treasury Department is set to prioritize addressing the risks posed by cryptocurrencies and emerging technologies in the near future through the implementation of comprehensive regulations. The department’s 2024 National Strategy for Combating Terrorist and Other Illicit Financing report includes digital assets as a key focus area. The strategy aims to combat the misuse
France’s financial regulator, the Autorité des Marchés Financiers (AMF), recently issued a warning to French crypto investors regarding the digital asset trading platform Bybit. The platform, despite being one of the largest in terms of trading volume, is not registered in France and is therefore not authorized to provide its services to residents in the
Recently, Oklahoma made a significant move in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. This legislation, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and will come into effect on Nov. 1. The new law prohibits the Oklahoma state government from placing any
Recently, Senators Cynthia Lummis and Ron Wyden raised concerns about the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argued that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. This has sparked a debate on the implications of such a move. The Department of Justice’s argument
As the U.S. presidential election approaches, cryptocurrency is starting to emerge as a significant topic of discussion among voters. A recent survey conducted by Digital Currency Group (DCG) revealed that approximately one in five voters considers crypto to be a major issue in the upcoming 2024 election. Moreover, 40% of voters expressed a desire for