Ripple, a prominent player in the cryptocurrency sector, has made headlines with its acquisition of two Money Transmitter Licenses (MTLs) in major financial hubs: New York and Texas. This strategic move not only broadens Ripple’s operational footprint but also emphasizes the company’s commitment to establishing robust frameworks for cross-border payment solutions. With these new additions,
Regulation
In a significant move towards digital finance, Taiwan’s Financial Supervisory Commission (FSC) has announced plans to authorize the issuance of stablecoins by banks as part of a comprehensive regulatory initiative for virtual asset service providers (VASPs). This decision, anticipated to be formalized in a draft bill by June, underscores Taiwan’s intent to create a regulated
The recent policy adjustment by the US Securities and Exchange Commission (SEC) through the introduction of Staff Accounting Bulletin (SAB) 122 marks a turning point in the regulatory landscape for crypto custodians. This article examines the implications of this significant change, particularly in light of its predecessor, SAB 121, which has faced substantial criticism since
In a significant development for the blockchain and cryptocurrency landscape in the United States, Senator Cynthia Lummis has been appointed the inaugural chair of the newly formed Senate Banking Subcommittee on Digital Assets. Announced on January 23, this position places Lummis at the forefront of efforts to establish a comprehensive regulatory framework governing an industry
In an age where digital privacy is under constant threat, the case of Roman Storm, co-founder of Tornado Cash, represents more than just a legal battle; it signifies a potential turning point in how software development, especially in the cryptocurrency realm, is perceived and regulated. Storm’s assertion of facing a “terrifying criminalization of privacy” encapsulates
On January 21, the U.S. Securities and Exchange Commission (SEC) made a significant announcement regarding the formation of a specialized crypto task force. Spearheaded by Commissioner Hester Peirce, known affectionately in the industry as “Crypto Mom,” this initiative aims to provide a clear and comprehensive regulatory framework for the rapidly evolving cryptocurrency landscape. As a
The recent appointment of Mark Uyeda as the acting chair of the U.S. Securities and Exchange Commission (SEC) marks a significant shift in regulatory oversight, particularly regarding digital assets. The action, announced by President Donald Trump on January 20, 2025, comes in the wake of Gary Gensler’s resignation. With a term set to last until
Caroline Pham has been appointed as acting chair of the Commodity Futures Trading Commission (CFTC), marking a significant transition in the regulatory landscape for the United States and its approach to the cryptocurrency industry. This decision, as reported by Bloomberg News, emerges from a vote among the CFTC’s five commissioners, highlighting a tradition of alignment
The cryptocurrency landscape in Europe is on the brink of a significant transformation. With the impending implementation of the Markets in Crypto-Assets Regulation (MiCA), the governance of crypto assets is slated for a rigorous revamp. This landmark regulatory framework by the European Union is not merely a new set of rules; it’s a foundational shift
The legal saga surrounding Ripple Labs and the United States Securities and Exchange Commission (SEC) continues to unfold, casting a long shadow over the cryptocurrency landscape. Recently, the SEC filed an appeal against a court ruling that had ostensibly favored Ripple, a significant player in the crypto market. This development signifies not only the complexities