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Policy
Texas Takes Step Closer to Creating Strategic Bitcoin Fund
Texas is one step closer to setting up a strategic bitcoin reserve after the state's House of Representatives approved a senate bill aimed at creating a fund for investing in digital currencies. The bill, which was passed with a 101-42 vote, proposes the establishment of a 'Texas Strategic Bitcoin Reserve' to oversee cryptocurrency investments and manage the state's financial assets. Following Ho…
May 22, 2025, 1:39 p.m.
Policy
Trump's Cryptocurrency Gala Sparks Protest from Democratic Lawmakers
President Donald Trump is set to host a dinner for over 200 prominent investors in his memecoin, with attendees potentially facing protests outside the Trump National Golf Club in Washington, D.C. The event has sparked outrage among Democratic lawmakers, who accuse the president of exploiting his position for personal financial gain through his involvement in various cryptocurrency ventures. Repr…
May 21, 2025, 10:45 p.m.
Policy
Founder of Amalgam Accused of Operating a Fake Blockchain, Defrauding Investors of $1 Million
Jeremy Jordan-Jones, the founder of the defunct cryptocurrency startup Amalgam, has been accused of fraud by prosecutors, who claim he deceived investors in his 'sham blockchain' out of over $1 million, using the funds to finance his extravagant lifestyle. According to prosecutors, Jordan-Jones portrayed Amalgam as a technology firm that developed blockchain-based payment systems, claiming it had…
May 21, 2025, 8:22 p.m.
Policy
New York Prosecutors Dismiss FinCEN Opinion as 'Irrelevant' in Roman Storm Case
Prosecutors in the Roman Storm case are attempting to circumvent a potential court order to hand over additional evidence that could aid Storm's defense. In a recent court filing, prosecutors countered Storm's lawyers' claims that they had failed to fulfill their obligations under the Brady doctrine, which requires prosecutors to disclose any potentially helpful evidence to the defense. The dispu…
May 21, 2025, 8:11 p.m.
Policy
Stablecoins on the Verge of Reaching a Tipping Point, with 2027 Set to be a Crucial Year
The quest to redefine the future of money is gaining momentum, with stablecoins at the forefront, according to industry leaders. Sergio Mello, head of stablecoins at Anchorage Digital, emphasized the importance of understanding the rapid development of digital assets, stating that the next three years will be the most critical. Mello predicted that 2025 and 2026 will bring clarity to different as…
May 21, 2025, 7:53 p.m.
Policy
US CFTC Commissioner Johnson to Depart, Leaving Agency with Potential Vacancy
The primary regulator of the US crypto industry, the Commodity Futures Trading Commission, is experiencing a staffing shortage at the top, with the last of its sitting commissioners, Kristen Johnson, revealing her plans to depart before the arrival of the agency's new chairman, chosen by President Donald Trump. Johnson, a Democrat, has joined her colleagues in announcing her departure, which may …
May 21, 2025, 6:50 p.m.
Policy
Hong Kong Enters Global Stablecoin Market with New Licensing Legislation
The Hong Kong government has successfully passed a bill that paves the way for a licensing system to be established for issuers of stablecoins backed by traditional currencies. According to Legislative Council member Johnny Ng, "Hong Kong's stablecoins are supported by fiat currency, and we invite international companies and institutions to apply for stablecoin issuance licenses in our region." I…
May 21, 2025, 5:29 p.m.
Policy
Crypto.com Expands European Presence with Acquisition of Allnew Investments for MiFID License
Crypto.com has announced the acquisition of Allnew Investments, a move that enables the exchange to offer derivatives across the European Economic Area. The acquired company holds a MiFID license issued by the Cyprus Securities and Exchange Commission, allowing Crypto.com to provide a range of financial products to 27 European Union nations, as well as Iceland, Liechtenstein, and Norway. This str…
May 21, 2025, 2:18 p.m.
Policy
Australia's Financial Watchdog Seeks to Challenge High Court Ruling on Block Earner
The Australian Securities and Investments Commission is pursuing an appeal against the High Court's decision regarding Block Earner's Access product, arguing it should be classified as a financial product. The High Court previously dismissed ASIC's allegations in March 2024, stating that Block Earner's decentralized finance product did not constitute unlicensed financial services. ASIC aims to cl…
May 21, 2025, 8:50 a.m.
Policy
South Korea Introduces New Regulations Allowing Non-Profits and Exchanges to Sell Cryptocurrency
The Financial Services Commission of South Korea has announced that, starting in June, non-profit organizations and virtual asset exchanges will be permitted to sell their cryptocurrency holdings under new regulations. These rules aim to enhance oversight while providing operational flexibility. In February, the FSC, the country's primary financial regulator, disclosed plans to lift a 2017 ban th…
May 21, 2025, 8:32 a.m.