Will UK Crypto Strategy Compete with Trump’s US Market?

The government is developing new regulations for the cryptocurrency industry, focusing on areas like stablecoins and staking services. These efforts aim to clarify rules for crypto companies and create a more predictable environment for digital assets. As competitive pressures from…

SEC Stablecoin Probe Ends Marking Major Win for Crypto

As the crypto industry evolves, the quest for regulatory clarity regarding SEC stablecoin remains paramount. A recent decision by the Securities and Exchange Commission (SEC) to end its investigation into New York stablecoin issuer Paxos suggests that stablecoins, typically pegged…

SEC Sues Consensys Over Brokerage and Staking Practices

The US Securities and Exchange Commission (SEC) has recently taken action against Consensys Software Inc., a prominent player in the cryptocurrency industry. This move marks another significant step in the SEC’s ongoing efforts to regulate the digital asset market. In…

The SEC Closed in Salt Lake City Struggling with a Crypto Case

Key Highlights: The SEC (US Securities and Exchange Commission) is set to close its regional office in Salt Lake City. This decision stems from its ongoing crackdown on the crypto industry and unfavorable case outcomes. SEC cited “significant attrition” as…

Oklahoma Senate Approves Tax Exemption for the Bitcoin Miners

Key Highlights: Oklahoma Senate Passes House Bill 1600 The Oklahoma Senate has approved House Bill 1600, offering tax exemptions to Bitcoin and crypto mining. The bill passed the Senate on May 30 with a vote of 29 to 15 and…

Mark Cuban Believes Cryptocurrency Will Influence 2024 Election and Criticizes SEC Regulations

In a recent social media post, billionaire entrepreneur Mark Cuban shared his perspective on the role of cryptocurrency in the upcoming 2024 election. Cuban’s comments were directed at Donald Trump, the former Republican presidential candidate, who has been actively engaging…

U.S. Department of Justice Charges Cryptocurrency Wallet Developers in Major Legal Shift

In recent developments, the U.S. Department of Justice (DOJ) has initiated criminal charges against cryptocurrency wallet developers, marking a significant shift from the longstanding governmental stance that such developers are not money transmitters. This article delves into the intricacies of…

U.S. Government Shifts Stance on Cryptocurrency Wallet Developers as DOJ Pursues Criminal Charges

The U.S. government has long maintained a clear policy regarding cryptocurrency wallet developers and their users, categorizing them as non-money transmitters. However, recent developments have taken the industry by surprise. The Department of Justice (DOJ) is now pursuing criminal charges…

Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case

In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…

Lithuania Steps Up Crypto Regulation as It Prepares for Licensing Shift

Over the past decade, Lithuania has emerged as a prominent hub for financial-technology startups, particularly in the field of cryptocurrencies. However, the country is now poised to undergo a significant transformation as it prepares to award licenses to crypto companies…