Senate Banking Committee chairman Tim Scott announced on Thursday that the markup of the digital asset market legislation, originally scheduled for today, has been postponed. “I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith,” he said. “The […]
“This is a big week for crypto – Congress is on the cusp of upgrading our financial markets for the 21st century,” said Atkins on Fox Business on Monday. The market structure bill “fits in with the President’s focus on making America the crypto capital of the world, so if you have clear legislation and […]
“We’ve come so far, and we are close to a bipartisan legislation that will stand the test of time,” said Wyoming Senator Cynthia Lummis on Wednesday. She pointed out that the industry has come a long way over the past five years, highlighting the FTX collapse, the Federal Reserve hating crypto, market volatility, and the […]
Turkmenistan has officially legalized cryptocurrency mining and trading, in a significant policy transformation for one of the world’s most isolated countries with a little over 7 million people. The new law was signed on Thursday by President Serdar Berdimuhamedov. New Legislation According to the report by Associated Press, the law places virtual assets under civil […]
Total market capitalization is in danger of dropping below $3 trillion following a $140 billion exodus from the digital asset space over the past several hours. The metric dropped to a three-week low of $3.02 trillion in late trading on Monday, with Bitcoin leading the decline in what was expected to be a volatile week. BTC […]
Japan has officially finalized amendments to its crypto regulatory framework that have the potential to increase global Bitcoin demand. The reforms aim to clarify custodial liability, stimulate institutional participation, and position the country as a safe haven for digital assets. Reform Could Boost Bitcoin Demand According to crypto research and education institution XWIN Research Japan, […]
Kraken Co-CEO Arjun Sethi has criticized the crypto promotion rules enacted by the UK’s Financial Conduct Authority (FCA), warning that the strict regulatory framework is slowing transactions and limiting access to services for users. Over the past few months, UK financial watchdogs have come under fire from crypto executives for what many see as an […]
The U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has detailed the next phase of “Project Crypto,” guiding how digital assets will be regulated under federal securities laws. The effort builds on work led by Commissioner Hester Peirce and the Crypto Task Force, which focuses on transparent and economically fair treatment of cryptocurrencies. SEC […]
The U.S. Treasury and the IRS have announced a new safe harbor that allows crypto exchange-traded funds (ETFs) to stake digital assets without paying extra tax. The guidance resolves a regulatory challenge that previously prevented asset managers from participating in staking networks due to concerns about potentially violating tax laws. Safe Harbor Guidance Under Revenue […]
A new bipartisan discussion draft from the U.S. Senate Committee on Agriculture, released on November 10, proposes a clear regulatory framework for digital assets. The legislation could formally place XRP and other major cryptocurrencies under the oversight of the Commodity Futures Trading Commission (CFTC) as a commodity, a move that could have significant consequences for […]