On January 16, 2025, Nasdaq completed a significant filing of a 19b-4 Form aimed at listing and trading a spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. This move marks a pivotal moment in the cryptocurrency and financial space, as it signals a potential acceptance of altcoin ETFs into mainstream investing. Historically, Bitcoin
Regulation
In the realm of digital finance and asset management, few topics are as contentious as the fate of seized cryptocurrencies, particularly Bitcoin. Senator Cynthia Lummis has recently placed herself in the spotlight regarding significant concerns over the proposed liquidation of a substantial amount of Bitcoin tied to the notorious Silk Road marketplace and troubling allegations
As the political landscape shifts in the United States with the transition between administrations, the regulatory framework governing cryptocurrency could be on the verge of substantial change. Reports indicate that the Securities and Exchange Commission (SEC), under the auspices of President-elect Donald Trump, may initiate reforms that could significantly alter the current enforcement environment for
In a noteworthy shift, the TON Foundation—an innovative blockchain project associated with Telegram—is poised for expansive growth in the United States. The announcement made on January 14 indicates that this initiative follows a robust performance in 2024 and aligns with a generally optimistic crypto environment anticipated under the incoming Donald Trump administration. This transformation marks
In a significant development for Robinhood, the online brokerage firm has agreed to a hefty $45 million settlement to resolve allegations of violations against securities laws. The U.S. Securities and Exchange Commission (SEC) initiated an investigation into the practices of Robinhood’s subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC. This settlement, made public on January
In a move to strengthen the regulatory environment surrounding digital assets, the New York Department of Financial Services (NYDFS) has officially partnered with the Bank of England (BOE). This collaboration, announced on January 13, heralds the launch of the Transatlantic Regulatory Exchange (TRE). This initiative aims to harmonize regulations for cryptocurrencies and emerging payment systems,
In a momentous decision, Tether, the premier stablecoin issuer in the cryptocurrency sphere, has announced plans to relocate its global headquarters to El Salvador. This strategic move comes on the heels of acquiring a Digital Asset Service Provider (DASP) license, enabling the company to operate within a regulatory framework distinctly favorable to blockchain and digital
On January 10, 2023, the Consumer Financial Protection Bureau (CFPB) introduced an interpretive rule that seeks to expand the protections of the Electronic Fund Transfer Act (EFTA) to digital assets, specifically targeting crypto wallets. This move would mark a significant shift in the regulatory landscape for cryptocurrencies and would hold wallet providers accountable in the
As the landscape of finance continues to evolve, traditional banking regulations are being scrutinized, particularly in the context of emerging technologies like cryptocurrency. Recently, interim Chair Travis Hill of the Federal Deposit Insurance Corporation (FDIC) addressed the agency’s controversial practice of debanking, specifically its impact on legitimate crypto businesses. In his speech, delivered in St.
The recent amendment introduced by the UK Treasury to the Financial Services and Markets Act 2000 (FSMA) represents a significant regulatory evolution in the realm of cryptocurrency. Effective from January 31, this change specifically excludes crypto staking from being classified as a collective investment scheme. Such a distinction is crucial, as it permits entities engaged