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Policy
Crypto Industry Advocates Argue Staking Is a Vital Practice, Not a Security
A coalition of prominent industry players, including Kraken, a16z, and Paradigm, is urging the US Securities and Exchange Commission to exempt staking from securities regulations. In a letter to the agency, the group contends that staking is a crucial component of digital asset markets and should be treated similarly to proof-of-work crypto mining, which the SEC has previously determined is not a…
April 30, 2025, 2 p.m.
Policy
Crypto Legislation Expected to Heat Up in Congress This Summer
Former US lawmakers and regulators have emphasized the need for comprehensive crypto legislation, with Patrick McHenry predicting a 'wicked hot summer' for Congress. McHenry, who previously championed the Financial Innovation and Technology for the 21st Century Act, believes that solid laws will provide better protection for the industry than regulatory stopgaps. He expects a significant battle b…
April 29, 2025, 10:49 p.m.
Policy
Texas Judge Rules Tornado Cash Cannot Face Sanctions Again
A federal court has ruled that Tornado Cash is now officially protected from U.S. sanctions. This decision comes after the Treasury Department's Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, following an appeals court ruling that OFAC had overstepped its authority by sanctioning the service's smart contracts in 2022. However, the way in which OFAC d…
April 29, 2025, 6:43 p.m.
Policy
Prosecutors May Drop Charges Against Samourai Wallet Founders Due to New DOJ Crypto Policy
According to a recent court filing, New York prosecutors are considering dropping their case against Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet. The case has been put on hold for 16 days to allow the government to reassess its position in light of a recent memo from US Deputy Attorney General Todd Blanche. The memo, issued on April 7, announced the disbanding of th…
April 29, 2025, 4:46 p.m.
Policy
Arizona Takes the Lead in Establishing a Bitcoin Reserve, Awaiting Governor's Approval
In a groundbreaking move, Arizona has emerged as a frontrunner among US states in the race to establish a cryptocurrency reserve as part of its fiscal strategy. The legislation, which was largely supported by Republican lawmakers, has been approved and now awaits the governor's decision. However, Governor Katie Hobbs, a Democrat, has been critical of several bills in this session and may veto thi…
April 29, 2025, 4:11 p.m.
Policy
US Department of Justice Demands 20-Year Prison Term for Celsius Founder Alex Mashinsky
The founder and former CEO of the now-defunct cryptocurrency lending platform Celsius Network, Alex Mashinsky, may face up to 20 years in prison if the US Department of Justice's sentencing request is approved. In a memo filed on Monday, the DOJ requested that the court impose a 20-year prison term, describing the crimes as a premeditated and calculated fraud that caused nearly $7 billion in cust…
April 29, 2025, 7:43 a.m.
Policy
Pierre Poilievre, Advocate for Bitcoin, Loses Parliamentary Seat as Liberals Secure Victory in 2025 Canadian Election
Pierre Poilievre, the Conservative leader known for his support of Bitcoin, will no longer hold a seat in Parliament following an election that saw the Liberal Party, led by Mark Carney, gain sufficient seats to form a minority government at the very least. According to data from Elections Canada, as reported by the CBC, Poilievre lost his seat in the Ottawa area to Liberal candidate Bruce Fanjo…
April 29, 2025, 4:26 a.m.
Policy
Nexo Announces US Relaunch Amid Renewed Crypto Confidence Under Trump Administration
Two years after exiting the US market due to regulatory challenges, Nexo has announced its return, citing a more favorable environment for crypto innovation under the Trump presidency. At a recent press conference in Bulgaria, attended by Donald Trump Jr., Nexo Co-founder Antoni Trenchev expressed gratitude towards the Trump administration for fostering an environment that supports innovation. …
April 28, 2025, 9:45 a.m.
Policy
New SEC Chairman Atkins Signals Agency Will Not Delay in Implementing Crypto Regulations
Paul Atkins, the newly appointed chairman of the U.S. Securities and Exchange Commission, has reassured the crypto industry that he will continue to drive securities policy reform to foster digital asset innovation. During his first public event as chairman, a crypto roundtable held at the SEC's Washington headquarters, Atkins emphasized the agency's commitment to establishing a rational and purp…
April 25, 2025, 5:55 p.m.
Policy
Nasdaq Urges SEC to Implement Precise Crypto Classification for Future Regulatory Framework
Nasdaq, a prominent U.S. stock exchange operator and crypto index provider, has submitted a 23-page letter to the Securities and Exchange Commission's crypto task force, advising regulators to focus on categorizing digital assets into four distinct buckets. This classification will determine which agency oversees each category. The letter, signed by John Zecca, Nasdaq's chief regulatory executive…
April 25, 2025, 3 p.m.