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Policy
US Federal Reserve Withdraws Cryptocurrency Warnings for Banks
The US Federal Reserve has withdrawn its cryptocurrency guidance from previous years, including requirements for banks to obtain pre-approval before engaging in cryptocurrency activities. This move is in line with the actions of other US banking regulatory agencies, such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, which have also reversed their …
April 24, 2025, 10:38 p.m.
Policy
El Salvador's Chief Crypto Regulator Holds Talks With US SEC, Hails Productive Meeting
El Salvador's Comisión Nacional de Activos Digitales (CNAD), the primary agency responsible for overseeing digital assets in the country, is working to establish a collaborative regulatory framework with the US Securities and Exchange Commission (SEC). According to Juan Carlos Reyes, president of the CNAD, the goal is to foster international cooperation, emphasizing that digital assets transcend …
April 24, 2025, 7:29 p.m.
Policy
Senator Dave McCormick Increases Bitcoin Investment Amid Congressional Regulatory Efforts
Senator Dave McCormick, a former executive at Bridgewater Associates, has been investing heavily in bitcoin, with recent disclosures revealing investments worth between $310,000 and $700,000 in the Bitwise Bitcoin ETF. This investment follows his previous disclosure of up to $450,000 in the same ETF in February, potentially bringing his total investment to nearly $1 million. As a member of the Se…
April 24, 2025, 7:24 p.m.
Policy
Shaq Reaches Settlement with FTX Investors Over Promotion of Defunct Cryptocurrency Exchange
A settlement has been reached between Shaquille O'Neal and a group of FTX investors, who alleged that the former basketball star contributed to the cryptocurrency exchange's fraudulent activities through his promotional efforts. The terms of the agreement, including the amount O'Neal will pay, have not been disclosed. The plaintiffs are seeking damages of up to $21 billion from O'Neal and other d…
April 24, 2025, 3:33 p.m.
Policy
Russian Finance Ministry to Introduce Cryptocurrency Trading for Accredited Investors
The Russian finance ministry and central bank are reportedly planning to launch a cryptocurrency exchange, catering to a niche group of 'highly-qualified' investors, as stated by news agency Interfax. During a recent ministry board meeting, Finance Minister Anton Siluanov emphasized that the exchange aims to 'regulate cryptocurrency assets and transition crypto operations into the mainstream'. Si…
April 24, 2025, 10:24 a.m.
Policy
Dubai Regulator Issues Warning Over Misleading Real Estate Tokenization Claims
The Virtual Assets Regulatory Authority of Dubai has sounded the alarm over companies making false claims about their participation in the city's high-profile real estate tokenization pilot. This warning comes as a response to several entities misrepresenting their affiliation with the project, which may be in breach of the emirate's virtual asset regulations. In a joint statement with the Dubai …
April 24, 2025, 6:32 a.m.
Policy
Canada's Crypto Landscape in the Upcoming Election
As Canada prepares to hold its election, voters will consider various issues, including the economy, housing, and trade relations with the US, to choose their elected officials who will, in turn, select the country's next prime minister. The intersection of cryptocurrency and government is a notable aspect, given the significant crypto exchange collapses in Canada over the past few years, prompti…
April 23, 2025, 8:25 p.m.
Policy
Founder of PGI Global Faces Fraud Allegations in $200M Cryptocurrency Scam
The Securities and Exchange Commission (SEC) has filed charges against Ramil Palafox, the founder of the now-defunct cryptocurrency and foreign exchange investment company PGI Global, for allegedly violating federal securities laws. The SEC claims that Palafox operated a Ponzi-like scheme, defrauding investors of nearly $200 million, and used $57 million of customer funds for personal expenses, i…
April 23, 2025, 7:30 p.m.
Policy
Crypto Investment Growth Remains Positive but Sluggish Under Trump
Despite initial optimism, the crypto investment sector has yet to experience the anticipated boost from the Trump administration, according to a report by the Crypto Insight Group. The report states that the momentum remains positive but slower than expected, with net inflows continuing but at a pace that lags behind early-year projections. The Trump administration's seemingly pro-crypto stance h…
April 23, 2025, 1 p.m.
Policy
SEC Abandons Case Against HEX Founder Richard Heart, According to Lawyer
The U.S. Securities and Exchange Commission has suffered a rare legal setback, as it has officially withdrawn its fraud allegations against Richard Schueler, also known as Richard Heart, the founder of several cryptocurrency projects, including HEX, PulseChain, and PulseX. The SEC notified the Eastern District Court of New York on April 21 that it would not revise its complaint, thereby e…
April 23, 2025, 7:16 a.m.