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Policy
Trump's Crypto Ventures Complicate Legislative Efforts: Rep. French Hill
The crypto endeavors of US President Donald Trump, including the introduction of his TRUMP memecoin, have added complexity to bipartisan attempts to pass stablecoin legislation, according to Rep. French Hill, a key figure in the crypto industry's efforts in Washington. Hill, who chairs the House Financial Services Committee, expressed optimism that a stablecoin bill and a market structure bill co…
May 14, 2025, 6:51 p.m.
Policy
Leading Democrats Seek Information from Treasury on Trump's Cryptocurrency Transactions, Citing 'Corruption' Concerns
Senior House Democrats have submitted a formal request to the US Treasury Department, seeking the disclosure of all suspicious activity reports related to President Donald Trump's cryptocurrency ventures. In a letter addressed to Treasury Secretary, Representatives Gerald Connolly, Joe Morelle, and Jamie Raskin, who are ranking members of key House committees, have urged an immediate investigatio…
May 14, 2025, 5:18 p.m.
Policy
Thailand to Launch $150 Million Digital Token Offering
The Thai Ministry of Finance plans to introduce its digital investment token, the G-Token, with an initial offering of 5 billion baht ($150 million) within a two-month period, as announced by Finance Minister Pichai Chunhavajira during a briefing. This move is intended to raise public funds and follows the cabinet's endorsement of the token initiative as part of the current budget borrowing plan.…
May 14, 2025, 2:44 p.m.
Policy
CFTC Commissioner Mersinger to Lead Blockchain Association as CEO
Summer Mersinger, a Republican commissioner at the Commodity Futures Trading Commission, is poised to take the reins as CEO of the Blockchain Association, a prominent crypto lobbying group in Washington, following confirmation by Marta Belcher, the association's board president and chair. This move comes as the organization's current CEO, Kristin Smith, prepares to step down and assume the presid…
May 14, 2025, 2:03 p.m.
Policy
Gibraltar Introduces Groundbreaking Regulations for Crypto Derivatives Clearing and Settlement
The government of Gibraltar has announced plans to establish a pioneering set of rules for the clearing and settlement of cryptocurrency derivatives, thereby creating a robust regulatory framework aimed at enhancing market integrity and mitigating key risks. Over the past six months, the government has worked closely with the Gibraltar Financial Services Commission and Bullish to develop a framew…
May 13, 2025, 3:16 p.m.
Policy
Wyoming Collaborates with Inca Digital to Introduce the Nation's First State-Issued Stablecoin, Set to Debut in July
In preparation for its July launch, the Wyoming Stable Token Commission has formed a partnership with Inca Digital, a leading analytics provider, to enhance the security and integrity of the Wyoming Stable Token (WYST) by mitigating fraud risks and detecting potential threats. According to a recent statement, Inca Digital will provide the Commission with cutting-edge analytics and cross-market ov…
May 13, 2025, 2:02 p.m.
Policy
Dubai Government Embraces Cryptocurrency Payments for Services
In a significant move towards a cashless economy, Dubai has partnered with Crypto.com to facilitate cryptocurrency payments for government services. Upon completion of the technical arrangements, individuals and businesses will be able to pay fees using Crypto.com's digital wallets, which are licensed by the Virtual Assets Regulatory Authority (VARA). The cryptocurrency will then be converted int…
May 13, 2025, 11:58 a.m.
Policy
New York City Rolls Out the Red Carpet for Crypto Businesses
New York City Mayor Eric Adams is actively courting crypto companies to set up operations in the city, touting its potential as a premier destination for the industry. At a recent press briefing, Adams emphasized the importance of embracing technological advancements, stating that the city should focus on building a thriving crypto ecosystem. To achieve this goal, Adams plans to collaborate with …
May 12, 2025, 8:08 p.m.
Policy
U.S. Financial Regulatory Framework for Crypto Could Eventually Govern Core Financial Markets
The long-awaited U.S. crypto regulations are poised to have a profound impact on the financial industry, according to TuongVy Le, a seasoned compliance expert and former Securities and Exchange Commission lawyer. Le argues that the forthcoming rules will not only govern the digital assets space but will also shape the future of traditional finance. The convergence of crypto and traditional financ…
May 12, 2025, 4:29 p.m.
Policy
Malaysia Sees 300% Surge in Power Theft by Unlawful Crypto Mining Operations Since 2018
A significant increase of 300% in electricity theft cases has been observed in Malaysia from 2018 to 2024, primarily driven by the proliferation of illicit cryptocurrency mining activities, as reported by The Star on Monday. These cases were identified through collaborative efforts involving Tenaga Nasional Berhad, the country's primary electricity utility, the Energy Commission, and law enforcem…
May 12, 2025, 1:40 p.m.