The Bahamas Securities Commission recently made an announcement regarding the passage of new crypto legislation, known as the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This move comes nearly two years after the collapse of FTX, a major crypto exchange. The goal of DARE 2024 is to bring regulatory clarity to the digital
Regulation
Jonathan Mann, popularly known for creating a daily song for over sixteen years, along with conceptual artist Brian L. Frye, recently filed a lawsuit against the US Securities and Exchange Commission (SEC). The lawsuit revolves around the question of whether NFTs (Non-Fungible Tokens) representing digital art, like the ones created by Mann and Frye, should
The US Securities and Exchange Commission (SEC) recently made headlines by filing charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, now known as Decentralized Social (DeSo). The SEC accuses Al-Naji of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, resulting in the amassing of over $257
Goldman Sachs CEO David Solomon recently expressed his views on Bitcoin, stating that it could “very well” serve as a store of value similar to gold. While Solomon acknowledged the potential of Bitcoin as a store of value, he maintained a cautious stance towards the flagship cryptocurrency, viewing it primarily as a speculative investment with
Tron founder Justin Sun has recently urged China to reconsider its Bitcoin policies in response to former President Donald Trump’s expressed support for digital assets and his vision of the US becoming a leading force in the crypto world. During the Bitcoin2024 conference in Nashville, Trump made promises to uphold the 210,000 Bitcoin already held
A recent letter signed by a group of Democrat politicians has called on the Democratic National Committee (DNC) to shift away from its anti-crypto stance. The letter highlights the potential of digital assets and blockchain technology in fostering American innovation, economic growth, and financial inclusion. Despite some Democratic leaders already supporting pro-crypto legislation, the general
President Donald J. Trump recently expressed his commitment to making the US a “Bitcoin superpower” and maintaining its dominance in the cryptocurrency market. He emphasized the importance of the US government holding onto the 200,000 Bitcoin it currently possesses, representing approximately 1% of the total supply. Trump believes that selling these assets would go against
Senator Cynthia Lummis recently introduced groundbreaking legislation at the Bitcoin2024 conference, aiming to establish a Bitcoin strategic reserve for the US. This reserve would total at least 1 million BTC, representing 5% of the total global supply. The announcement, made following former President Donald J. Trump’s keynote speech at the conference, has sparked significant interest
Coinbase, a prominent crypto company, faced a setback when the UK’s Financial Conduct Authority (FCA) imposed a hefty fine of £3.5 million for Anti-Money Laundering breaches. This fine was a result of CB Payments Limited (CBPL), a Coinbase Group subsidiary, repeatedly violating the FCA’s guidelines. Despite an initial fine of £5 million, CBPL managed to
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently spoke out about the challenges faced by the crypto industry under the current administration. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out a series of regulatory issues that they believe are hindering innovation and growth in the industry.