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Policy
Trump's Nominee for CFTC Chairman Pledges to Foster Crypto Innovation While Protecting Consumers
During his Senate confirmation hearing, President Trump's nominee for Chairman of the Commodity Futures Trading Commission, Brian Quintenz, faced a barrage of questions regarding cryptocurrency, underscoring the agency's potential role in regulating the sector. Quintenz, a former CFTC commissioner and head of policy at venture capital firm a16z, assured lawmakers that the agency can strike a bala…
June 10, 2025, 10:04 p.m.
Policy
US Crypto Market Regulation Bill Clears House Committees, Stablecoin Legislation Advances
The US House of Representatives' Agriculture and Financial Services Committees have given their approval to a bipartisan bill aimed at regulating the country's crypto market. This development marks a significant step forward in the US government's efforts to establish a clear framework for the oversight of digital assets. The bill, known as the Digital Asset Market Clarity Act, seeks to provide c…
June 10, 2025, 4:53 p.m.
Policy
Sarah Pritchard Appointed as FCA's Deputy CEO to Enhance Crypto and Stablecoin Oversight
In a move to strengthen its regulatory oversight of the cryptocurrency and digital assets sector, the UK's Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its first deputy chief executive. This new role reflects the FCA's expanding responsibilities, including the regulation of stablecoin and crypto firms, as well as 'buy now, pay later' activities. The FCA aims to create a more…
June 10, 2025, 4:30 p.m.
Policy
South Korea's Ruling Party Proposes Legislation to Permit Companies to Issue Stablecoins
According to a report by Bloomberg, the Democratic Party of South Korean President Lee Jae-myung has introduced a bill to the parliament, which would allow eligible companies to issue stablecoins. The proposed Digital Asset Basic Act aims to enhance transparency and promote competition within the cryptocurrency sector. To be eligible, companies must have a minimum of 500 million won ($368,000) in…
June 10, 2025, 2:47 p.m.
Policy
SEC Chairman Announces Plans for 'Innovation Exemption' to Support DeFi Platforms
The U.S. Securities and Exchange Commission is exploring exemptions for decentralized finance (DeFi) platforms to reduce regulatory hurdles, according to Chairman Paul Atkins. Atkins emphasized that software developers creating DeFi tools should not be held accountable for how their products are utilized. This stance was echoed by other SEC Republicans during the agency's final cryptocurrency rou…
June 9, 2025, 6:28 p.m.
Policy
Hacker Targets Paraguayan President's Social Media, Spreads Fake Bitcoin News
On Monday, the X account of Paraguay's President, Santiago Peña, fell victim to a cyber attack. The hacked account falsely announced that Paraguay would be adopting bitcoin as a legal tender, establishing a bitcoin reserve, and launching bitcoin bonds. Additionally, it solicited donations to a bitcoin wallet from potential investors, stating, 'Your investment today will shape the future of this i…
June 9, 2025, 6:11 p.m.
Policy
UK Insolvency Service Engages Expert for Cryptocurrency Insolvency Cases
The UK Insolvency Service, tasked with recovering assets for creditors in insolvency cases, has appointed its first specialist in cryptocurrency intelligence. This move aims to improve the tracing of cryptocurrencies as they become increasingly common. Andrew Small, a former police investigator, will fill this role, primarily focusing on cases involving criminal activity. Over the past five years…
June 9, 2025, 4:15 p.m.
Policy
Argentine President Javier Milei Exonerated of Wrongdoing in LIBRA Promotion Case
President Javier Milei of Argentina has been cleared of misconduct allegations related to his promotion of the LIBRA cryptocurrency in February, according to a report by the Buenos Aires Herald on Saturday. A resolution issued by the country's anti-corruption office on Friday stated that the president was speaking in his capacity as an economist, rather than as a public official, when he shared i…
June 9, 2025, 9:13 a.m.
Policy
Coinbase and BiT Global Settle Dispute Over WBTC Token Delisting
BiT Global has put an end to its legal battle with Coinbase regarding the removal of its wrapped bitcoin token, WBTC, from the exchange. A recent joint court filing reveals that BiT Global has agreed to drop the lawsuit, with prejudice, meaning it cannot be reopened in the future. Both companies will bear their own legal expenses. The dispute began when Coinbase delisted WBTC, citing 'unacceptabl…
June 7, 2025, 5:21 p.m.
Policy
Crypto Legislation Update: Progress and Prospects
The US House Financial Services Committee is expected to review and vote on the Digital Asset Market Clarity Act next week, while the Senate may advance its stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins of 2025 Act. This development could mark a crucial step towards providing the crypto industry with long-awaited regulatory clarity. Lawmakers have been worki…
June 7, 2025, 1:30 p.m.