In a recent interview on CNBC’s Squawk Box, Wyoming Senator Cynthia Lummis shared her insights regarding the possibility of Securities and Exchange Commission (SEC) Chair Gary Gensler stepping down. Despite the hosts’ belief that Gensler is content in his role, Lummis casts doubt on his longevity as the SEC’s leader. Particularly, she suggests that a
Regulation
On September 27, the United States Securities and Exchange Commission (SEC) reached a significant settlement with Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation. The SEC had previously accused these entities of selling unregistered securities, a notable point of concern that emerged after a massive $100 million exploit took place on the Mango
The intersection of law and technology has always been a contentious space, but recent rulings have illuminated a particularly challenging area: the legal classification of cryptocurrency protocols and the protections extended to their developers. A recent decision by US District Judge Katherine Polk Failla has become a focal point of debate, particularly as it relates
The ongoing conversation surrounding cryptocurrencies often centers on regulatory frameworks that aim to provide a clear view of how these digital assets fit within traditional financial laws. A recent commentary by the U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, has significant implications for the cryptocurrency market, particularly concerning Bitcoin. Gensler emphasized during a
The landscape of cryptocurrency in Australia is poised for significant changes as the Australian Securities and Investments Commission (ASIC) prepares to introduce a licensing regime for crypto service providers. This move, reported by the Australian Financial Review on September 23, signals a shift towards more stringent oversight in a sector that has seen explosive growth
As the digital economy continues to evolve, the necessity for strong regulatory frameworks around cryptocurrencies, especially stablecoins, has gained urgency. Congresswoman Maxine Waters, who serves as the leading Democrat on the House Financial Services Committee, has championed a call for a bipartisan agreement designed to establish more comprehensive regulations for stablecoins by the end of
Swiss crypto banking group Sygnum has achieved a significant milestone by acquiring a crypto license in Liechtenstein through its subsidiary, Sygnum Europe AG. This development marks a crucial step in the firm’s strategy to expand its operations within the European Union. The Financial Market Authority (FMA) of Liechtenstein has recognized the subsidiary as a service
The infusion of political figures into the crypto space, with former President Donald Trump’s World Liberty Financial project as a prime example, raises significant questions about the intersection of governance, regulation, and innovation. As highlighted by SEC Commissioner Mark Uyeda, the project will not enjoy any preferential treatment amidst the stringent regulatory framework that governs
In recent years, the rapid growth of cryptocurrency has transformed the financial landscape, attracting millions of users worldwide due to its promise of anonymity and decentralization. However, this same allure has also made cryptocurrencies a prime target for criminal enterprises seeking to exploit their features for illicit gains. As digital currencies gain traction, the risk
In a progressive move that reflects the growing acceptance of cryptocurrency, Louisiana has introduced a new initiative allowing residents to make payments to state agencies using Bitcoin and Circle’s stablecoin, USDC. Announced via a press release on September 18, this shift opens the door to modernizing public transactions, with the Department of Wildlife and Fisheries