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Policy
Grayscale Disputes SEC's Delay of GDLC ETF Launch, Alleging Unlawful Stay Order
Grayscale is contesting the U.S. Securities and Exchange Commission's (SEC) decision to postpone the launch of its large-cap cryptocurrency ETF, deeming the agency's stay order unlawful and detrimental to investors. In a letter filed with the SEC on Friday, the asset manager responded to the unexpected pause on its plan to convert the Grayscale Digital Large Cap Fund (GDLC) into an exchange-trade…
July 11, 2025, 2:49 p.m.
Policy
Robinhood's Tokenization of Pre-IPO Stocks Raises Concerns Over Regulatory Compliance
Robinhood's initiative to make private equity more accessible through tokenized shares of startups like OpenAI has drawn attention for its potential legal implications. According to crypto lawyer John Montague, this approach could lead to unintended consequences, including lawsuits, regulatory issues, and potential losses for investors if the platform faces bankruptcy. The tokens, which represent…
July 11, 2025, 3:14 a.m.
Policy
Jonathan Gould to Lead U.S. Banking Agency Following Senate Confirmation
The United States Senate has confirmed Jonathan Gould, a seasoned executive with experience in blockchain technology, to lead the Office of the Comptroller of the Currency. This move is seen as a significant development in the Trump administration's efforts to ease regulatory hurdles for the cryptocurrency sector. Gould, who previously served as a senior official at the OCC and later as chief leg…
July 10, 2025, 7:02 p.m.
Policy
Australian Central Bank Ventures into Wholesale Tokenized Asset Market Development
The Reserve Bank of Australia is collaborating with industry partners to explore the creation of wholesale tokenized asset markets through 'Project Acacia', which involves testing 24 use cases for tokenizing different asset classes, such as fixed income and private markets, using stablecoins, pilot wholesale central bank digital currency, and bank deposit tokens. Tokenization is the process of co…
July 10, 2025, 8:47 a.m.
Policy
US Digital Asset Taxation Policy to be Discussed in Upcoming 'Crypto Week' Hearings
As part of the US House of Representatives' focus on digital asset policy during 'Crypto Week', the committee responsible for tax policy will convene to discuss the best approach for taxing cryptocurrency. The chairman of the House Ways and Means Committee, Representative Jason Smith, has announced a July 16 hearing to examine the necessary steps for creating a tax policy framework for digital as…
July 9, 2025, 9:27 p.m.
Policy
US Senators Discuss Crypto Market Regulation with Industry Experts
Industry leaders, including Ripple CEO Brad Garlinghouse, presented their views on regulating digital assets in the US, while Senator Elizabeth Warren highlighted key Democrat objections during the hearing. Garlinghouse emphasized the need for clear rules, citing the negative impact of regulatory uncertainty on the industry. The hearing is part of a broader effort to establish a regulatory framew…
July 9, 2025, 4:17 p.m.
Policy
UK Cryptocurrency Users Face Penalty for Non-Compliance with Information Requirements
As of January 1, 2026, individuals in the UK will be mandated to disclose specific details to cryptocurrency service providers regarding their digital asset transactions, or else face a potential fine. The required information includes full name, birthdate, residential address, country of residence, and tax identification number. Failure to comply may result in a penalty of up to £300. This measu…
July 9, 2025, 10:32 a.m.
Policy
New Zealand Aims to Prohibit Cryptocurrency ATMs as Part of Anti-Money Laundering Reform
The New Zealand government is planning to outlaw cryptocurrency ATMs as a key component of its effort to revamp the country's anti-money laundering and counter-terrorism financing framework. According to Associate Justice Minister Nicole McKee, the government seeks to disrupt the methods used by criminals to convert cash into high-risk assets, including cryptocurrencies. To further restrict t…
July 9, 2025, 8:36 a.m.
Policy
US DOJ Charges OmegaPro Founder and Associate in $650 Million Crypto Ponzi Scheme
The US Department of Justice has taken action against two individuals involved in OmegaPro, a cryptocurrency and investment scheme that resulted in losses of over $650 million for investors. The scheme's founder, Michael Shannon Sims, and Juan Carlos Reynoso, who oversaw OmegaPro's operations in Latin America and parts of the US, face charges of conspiracy to commit wire fraud and money launderin…
July 9, 2025, 5:26 a.m.
Policy
Judge Blocks Discussion of OFAC Sanctions Against Tornado Cash at Upcoming Trial
In a recent court ruling, the US Treasury Department's Office of Foreign Asset Control (OFAC) sanctions against the privacy tool Tornado Cash will not be admissible as evidence in the upcoming trial of developer Roman Storm. This decision was made by District Judge Katherine Polk Failla, who initially considered allowing expert witnesses to testify about the sanctions. However, after hearing argu…
July 8, 2025, 10:27 p.m.