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Policy
Unicoin CEO Refuses SEC's Settlement Offer Over Ongoing Investigation
In a recent letter to shareholders, Unicoin CEO Alex Konanykhin disclosed that the company has rejected the US Securities and Exchange Commission's attempt to settle an ongoing investigation. The SEC had issued an ultimatum for Unicoin to attend a settlement meeting, but the company declined, citing unacceptable demands. This investigation, which began with a Wells notice in December, alleges vio…
April 22, 2025, 8:02 p.m.
Policy
European Central Bank and European Commission Disagree on MiCA Revisions Due to US Crypto Regulations
A recent report reveals that the European Central Bank is pushing for amendments to the European Union's Markets in Crypto Assets (MiCA) legislation, citing fears that US backing for cryptocurrency could have detrimental effects on the EU's financial stability. This move has put the bank at odds with the European Commission. The ECB's concerns stem from impending US legislation, such as the Stabl…
April 22, 2025, 3:23 p.m.
Policy
Paul Atkins Takes Office as New U.S. SEC Chairman, Replacing Gary Gensler
Paul Atkins has been sworn in as the new chairman of the U.S. Securities and Exchange Commission, marking a significant shift in leadership. Atkins replaces Gary Gensler, who was widely viewed as a key adversary to the crypto industry within the U.S. government. Prior to Atkins' appointment, Commissioner Mark Uyeda had been serving as the agency's acting chief for three months. Uyeda will now ret…
April 22, 2025, 2:23 p.m.
Policy
US Regulatory Body Considers Round-the-Clock Derivatives Trading Amid Crypto Oversight
As the leading asset in the cryptocurrency sector, Bitcoin is widely recognized by US regulators and courts as a commodity, placing it under the Commodity Futures Trading Commission's jurisdiction. The agency is now soliciting public feedback on the potential expansion of derivatives trading to a 24/7 model, akin to the trading of Bitcoin and other digital assets. Although the CFTC is poised to b…
April 21, 2025, 11:43 p.m.
Policy
Binance and SEC Seek to Pause Lawsuit in Pursuit of Swift Resolution
In a recent court filing, the U.S. Securities and Exchange Commission (SEC), Binance, and its former CEO Changpeng Zhao (CZ) have jointly requested a 60-day stay in their ongoing case, aiming to facilitate an early resolution and conserve resources. The lawsuit, initiated in 2023, alleges that Binance and its affiliated entities, including BAM Management, breached securities laws. The introductio…
Feb. 11, 2025, 12:24 p.m.
Policy
Hong Kong Recognizes Bitcoin and Ether as Valid Assets for Investment Visa Applications
According to a representative from Invest Hong Kong, the government agency responsible for facilitating foreign investments, cryptocurrencies such as bitcoin and ether can be utilized as proof of assets when applying for the New Capital Investment Entrant Scheme visa. To be eligible, applicants must demonstrate ownership of net assets valued at a minimum of HK$30 million over a specified period. …
Feb. 11, 2025, 12:05 p.m.
Policy
North Carolina Enters the Ranks of US States Exploring Cryptocurrency Investments
A newly introduced bill in North Carolina, supported by House Speaker Destin Hall, proposes allocating up to 10% of the state's general and highway funds to digital assets, with a focus on high-market-capitalization cryptocurrencies like Bitcoin. This move joins similar efforts in 18 other states, many of which are exploring investment opportunities in cryptocurrency for their state retirement fu…
Feb. 10, 2025, 8:35 p.m.
Policy
US States Make Headway in Crypto Reserve Efforts
A significant development in the US crypto landscape has unfolded as Utah becomes the first state to pass a bill through a legislative chamber, enabling the investment of public funds in digital assets. This move has prompted lawmakers in Kentucky and Maryland to introduce their own initiatives, further expanding the list of states exploring crypto investment opportunities. The Utah bill, which n…
Feb. 7, 2025, 9:03 p.m.
Policy
US Regulatory Body Explores Tokenization Pilot Program Utilizing Stablecoins as Collateral
Acting Chairman of the US Commodity Futures Trading Commission, Caroline Pham, is spearheading a pioneering initiative to introduce a tokenization pilot program backed by stablecoins, with an upcoming CEO summit featuring prominent digital asset companies such as Coinbase, Ripple, and Crypto.com. The concept, first proposed by Pham's advisory committee in November, aims to leverage distributed le…
Feb. 7, 2025, 4:20 p.m.
Policy
Tornado Cash Developer Alexey Pertsev Granted Prison Release to Pursue Appeal
Following his conviction for money laundering in 2024, Tornado Cash developer Alexey Pertsev has been released from prison to begin preparing his appeal, as announced in a recent post. The 31-year-old Russian national received a 64-month prison sentence in a Dutch court last May, with the indictment stating that Pertsev had a history of money laundering and should have been aware of suspicious tr…
Feb. 7, 2025, 8:37 a.m.