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Policy
SEC Gives Green Light to Bitwise's Crypto Index Fund Conversion, Only to Immediately Put it on Hold
In a surprise move, the Securities and Exchange Commission initially approved Bitwise's proposal to transform its Bitwise 10 Crypto Index Fund into a spot exchange-traded fund, only to promptly put the plan on pause. This sudden reversal has created fresh uncertainty surrounding the agency's standards for cryptocurrency ETFs. The fund in question, which holds a significant portion of its assets i…
July 22, 2025, 9:50 p.m.
Policy
Kraken Founder Jesse Powell Cleared of Criminal Probe by FBI
The FBI has concluded its criminal investigation into Jesse Powell, former CEO and co-founder of Kraken, a leading cryptocurrency exchange. The probe, initiated in 2023, centered on allegations made by the Verge Center for the Arts, a nonprofit organization, that Powell had hacked into their computer systems and blocked access to emails. As part of the investigation, Powell's home was searched, a…
July 22, 2025, 7:21 p.m.
Policy
US Senate Releases Draft Bill to Clarify Crypto Market Regulations
The US Senate is progressing in its efforts to establish rules for the majority of the cryptocurrency market, releasing a draft bill that provides clearer definitions for digital assets. The 35-page draft bill proposes new definitions for digital assets that are not considered securities and instructs the Securities and Exchange Commission (SEC) to create rules exempting these assets and their is…
July 22, 2025, 4:06 p.m.
Policy
UK Warns of Underreported Sanctions Breaches in Crypto Sector
The UK's Office of Financial Sanctions Implementation has stated that cryptocurrency companies in the UK have likely been underreporting sanctions breaches since 2022. This assertion was made in a recent report, which coincides with the UK imposing additional sanctions on Russia. The report suggests that most instances of non-compliance among UK crypto firms are unintentional and occur due to exp…
July 22, 2025, 3:40 p.m.
Policy
Citadel Securities Urges Caution on Tokenized Securities Amid Regulatory Overhaul
Citadel Securities is advocating for a more measured approach to the regulation of tokenized securities, citing potential disruptions to the market and confusion among investors. In a letter addressed to the U.S. Securities and Exchange Commission's Crypto Task Force, the company emphasized the need for a comprehensive regulatory framework to prevent unfair advantages for cryptocurrency platforms…
July 22, 2025, 12:27 p.m.
Policy
Trump Enacts Landmark Crypto Legislation with GENIUS Act
On July 18, 2025, President Trump officially enacted the GENIUS Act, a groundbreaking law regulating stablecoins, marking a pivotal moment as the first major crypto legislation to become law in the United States. The signing ceremony, which lasted approximately an hour, was attended by lawmakers and prominent figures from the crypto industry.
July 21, 2025, 7:34 p.m.
Policy
Roman Storm Trial: Defense Considers Mistrial Amid Allegations of Misleading Witness Testimony
In a surprising turn of events, the defense team for Roman Storm, the developer of Tornado Cash, is considering filing a motion for a mistrial due to potentially misleading testimony from a scam victim. The victim, Hanfeng Ling, claimed that her money was funneled through Tornado Cash, but blockchain sleuths, including Taylor Monahan and ZachXBT, have found that this was not the case. The prosecu…
July 21, 2025, 7:30 p.m.
Policy
Tether and Circle CEOs Outline Plans to Comply with New US Stablecoin Law
In the aftermath of President Donald Trump signing the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law, key stablecoin industry leaders have expressed their intentions to comply with the new legislation. Tether CEO Paolo Ardoino stated that his company will adjust its operations to meet the requirements of the GENIUS Act, including implementing a new auditing regime…
July 19, 2025, 12:22 a.m.
Policy
Trump Enacts Landmark Legislation: The GENIUS Act Signed Into Law
US President Donald Trump has officially signed the GENIUS Act into law, a landmark piece of legislation aimed at regulating stablecoins and promoting the growth of the crypto industry. Prior to the signing, the President delivered a speech that touched on various topics, including the bill, crypto regulation, and his political allies. The full transcript of the speech has been analyzed using AI …
July 18, 2025, 11:59 p.m.
Policy
Trump Enacts Landmark Crypto Legislation, Paving the Way for Regulatory Framework
In a ceremony held at the White House, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which aims to establish a regulatory framework for stablecoin issuers. The legislation, which garnered significant bipartisan support, is seen as a crucial step towards creating a more comprehensive regulatory regime for the crypto industry. The GENIUS …
July 18, 2025, 7:26 p.m.