The TON Foundation, which operates within the realm of blockchain technology linked to the popular messaging app Telegram, is poised for dramatic growth in the United States. This development, announced on January 14th, comes in the wake of a robust performance in 2024 and reflects an altered regulatory climate that will soon be influenced by
Regulation
In a significant development, Robinhood has agreed to pay $45 million to resolve allegations of securities law violations as mandated by the U.S. Securities and Exchange Commission (SEC). This hefty settlement, disclosed in a statement on January 13, 2023, stems from a comprehensive investigation targeting the company’s subsidiaries—Robinhood Securities LLC and Robinhood Financial LLC. The
Tether, the largest issuer of stablecoins, is embarking on a significant transition by relocating its global headquarters to El Salvador. The announcement, made on January 13, highlights the firm’s acquisition of a Digital Asset Service Provider (DASP) license, reinforcing its commitment to the burgeoning digital asset market. This strategic decision signals a deeper engagement with
In a pioneering move towards the integration of digital assets into public finance, New Hampshire State Representative Keith Ammon has put forth a bill aimed at establishing a strategic reserve of digital assets for the state treasury. Introduced on January 9, the legislation seeks to reserve up to 10% of the total public funds—approximately $360
The recent amendment to the Financial Services and Markets Act 2000 (FSMA) by the UK Treasury marks a pivotal shift in how crypto staking is perceived within the regulatory framework. Effective from January 31, the new regulation explicitly excludes crypto staking from the category of collective investment schemes. This move is considered revolutionary for stakeholders
In a significant development for the cryptocurrency sector, Standard Chartered has received authorization to provide crypto custody services in Luxembourg, as announced on January 9. This move is a direct response to the European Union’s Markets in Crypto-Assets (MiCA) framework, a robust regulatory structure designed to harmonize regulations for cryptocurrency businesses throughout the EU. The
As we approach the departure of Gary Gensler from his position as Chair of the U.S. Securities and Exchange Commission (SEC), it becomes important to examine the tumultuous relationship that has developed between his administration and the burgeoning cryptocurrency industry. His outspoken disapproval of crypto practices has sparked widespread criticism among industry stakeholders, leading to
Recent reports indicate a potential transformation in South Korea’s regulatory framework concerning cryptocurrency trading, particularly aimed at institutions. Historically, the nation enforced strict limitations on digital asset trading, confining it predominantly to verified individual investors. However, the Financial Services Commission (FSC) is now poised to initiate a phased relaxation of these restrictions, targeting a broader
In a noteworthy decision, U.S. District Judge Katherine Polk Failla of the Southern District of New York has allowed Coinbase to pursue an interlocutory appeal in its ongoing litigation against the U.S. Securities and Exchange Commission (SEC). This ruling, made on January 7, signifies a crucial moment in the cryptocurrency realm, as it addresses a
Rostin Behnam, the sitting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced his forthcoming resignation effective January 20, as reported by the Financial Times. This decision aligns with the inauguration of President-elect Donald Trump, allowing the new administration to initiate the appointment of an interim leader. The timing raises questions about the immediate