In a significant move that affects the burgeoning digital finance sector, President Donald Trump signed an executive order on January 23 aimed at establishing a Presidential Working Group on Digital Asset Markets. This initiative signals a strategic pivot towards a potentially comprehensive approach to cryptocurrency regulation in the United States. Importantly, it places a firm
Regulation
Taiwan is taking significant steps toward financial innovation by allowing banks to issue stablecoins, a move that indicates the island’s commitment to integrating digital currencies into its banking system. The Financial Supervisory Commission (FSC) is set to release a draft bill in June that will lay out a regulatory framework specifically targeting virtual asset service
In recent months, the House Committee on Oversight and Government Reform has taken significant steps to investigate the banking sector’s relationship with cryptocurrency firms. A formal letter was issued to multiple organizations, including major players like Coinbase and Uniswap Labs, demanding evidence of systemic debanking practices. This investigation highlights a growing concern over whether political
The landscape of cryptocurrency regulation in the United States is evolving, with the recent introduction of the Staff Accounting Bulletin (SAB) 122 signaling a transformative move by the US Securities and Exchange Commission (SEC). In a marked departure from its predecessor, SAB 121, this new directive seeks to address significant regulatory impediments that have historically
The recent establishment of the Senate Banking Subcommittee on Digital Assets marks a significant turning point in the United States’ engagement with blockchain technology and cryptocurrencies. Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair, positioning her at the forefront of efforts to create a crucial regulatory framework for this rapidly evolving sector.
The U.S. Commodity Futures Trading Commission (CFTC) has made a significant move by appointing Harry Jung to lead its initiatives focused on cryptocurrencies, decentralized finance (DeFi), and digital assets. Announced on January 23, Jung’s new role as head of this critical division comes alongside his appointment as Acting Chief of Staff under Acting Chair Caroline
The recent prosecution of Roman Storm, co-founder of Tornado Cash, highlights the burgeoning conflict between privacy in the cryptocurrency space and regulatory frameworks that struggle to adapt. Describing his legal situation as a “terrifying criminalization of privacy,” Storm’s case has thrown the spotlight on a fundamental issue: the tension between technological innovation and governmental oversight.
The landscape of cryptocurrency regulation has long been fraught with ambiguity, confusion, and inconsistent enforcement. In a striking move aimed at addressing these challenges, the US Securities and Exchange Commission (SEC) has established a specialized crypto task force. Announced on January 21, this initiative is under the stewardship of Commissioner Hester Peirce, a figure known
The cryptocurrency ecosystem is often characterized by its volatility and rapid changes, but recent comments from Jeremy Allaire, CEO of Circle, have sparked a wave of optimism among investors and industry leaders alike. Speaking at the Reuters Global Markets Forum during the World Economic Forum held in Davos, Allaire articulated a vision where the policies
The appointment of Mark Uyeda as the acting chair of the U.S. Securities and Exchange Commission (SEC) marks a pivotal moment for the agency, especially in the realm of digital assets. With President Donald Trump’s decision to appoint Uyeda effective January 20, the SEC is set to transition under a new umbrella of leadership that