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Policy
SEC Acting Chair Uyeda Announces Key Appointments to Crypto Task Force
The U.S. Securities and Exchange Commission, under the leadership of Acting Chairman Mark Uyeda, has unveiled its newly appointed executive staff, including three key members of the agency's Crypto Task Force. Two of the appointees, Richard Gabbert and Taylor Asher, are internal promotions, with Gabbert serving as chief of staff and senior advisor to Uyeda, and Asher as chief policy advisor. Land…
Feb. 4, 2025, 8:25 p.m.
Policy
US Crypto Regulator David Sacks Envisions a 'Golden Age' for Digital Assets
In a significant development, the US House of Representatives and Senate are set to establish a joint working group to drive forward crypto legislation. David Sacks, appointed by President Donald Trump as the crypto czar, expressed his ambition to 'ensure American dominance in digital assets' during a joint press conference in Washington. Sacks, along with the leaders of key congressional committ…
Feb. 4, 2025, 7:58 p.m.
Policy
New Stablecoin Bill Introduced by Senator Hagerty
A new congressional session has begun, and the crypto space is already witnessing significant developments. Senator Bill Hagerty is set to introduce a stablecoin oversight bill on Tuesday, marking the beginning of a new effort to establish a regulatory framework for dollar-denominated tokens in the United States. The proposed legislation, backed by the Senate Banking Committee's chairman, Tim Sco…
Feb. 4, 2025, 4:53 p.m.
Policy
Hong Kong Intensifies Crypto Oversight with New Recruitment Drive
The Hong Kong Securities and Futures Commission is set to expand its workforce, with a significant portion of the new positions focused on cryptocurrency regulation, as outlined in a two-year budget proposal submitted to the Legislative Council. Despite a hiring freeze in recent years, the commission plans to add 15 new staff members, with eight dedicated to crypto regulation. This move is part o…
Feb. 4, 2025, 1:04 p.m.
Policy
Expert Predicts US Crypto Regulation by November
Former White House communications director Anthony Scaramucci anticipates the US will introduce crypto-friendly regulations by November. Scaramucci, founder of SkyBridge Capital, expressed his views at the Digital Assets Forum in London and elaborated in an interview with the Financial Times. He believes that politicians seeking re-election will propose positive crypto legislation to avoid opposi…
Feb. 4, 2025, 11:14 a.m.
Policy
Canadian National Charged by US Authorities for $65M Crypto Heists
US prosecutors have filed charges against a 22-year-old Canadian individual, accusing him of orchestrating two major decentralized finance (DeFi) hacks, resulting in the theft of $65 million in cryptocurrency. The indictment, recently unsealed in the Eastern District of New York, alleges that Andean 'Andy' Medjedovic was the mastermind behind the 2021 Indexed Finance exploit and the 2023 KyberSwa…
Feb. 4, 2025, 3:12 a.m.
Policy
Trump Initiates Establishment of National Wealth Fund
On Monday, US President Donald Trump issued an executive order instructing the Treasury and Commerce Departments to establish a sovereign wealth fund. Although the details of the fund are still emerging, Treasury Secretary Scott Bessent has shown interest in cryptocurrency, while Commerce Secretary nominee Howard Lutnick has been a vocal supporter of the sector, with his company Cantor Fitzgerald…
Feb. 3, 2025, 6:34 p.m.
Policy
Coinbase Gains Approval to Operate in the UK
Following its successful registration with the UK's Financial Conduct Authority, Coinbase has become the first major cryptocurrency exchange to be granted permission to operate in the country. This development enables the company to expand its services, offering both cryptocurrency and traditional currency options to investors and traders in the UK. According to Keith Grose, Coinbase's UK CEO, th…
Feb. 3, 2025, 10:39 a.m.
Policy
India Reassesses Its Stance on Cryptocurrency as Global Attitudes Shift
According to a report by Reuters on Monday, the Indian government is reconsidering its position on cryptocurrency as the global perception of digital assets begins to change. Despite the lack of regulation, India introduced a 1% tax deducted at source and a 30% capital gains tax on crypto transactions in 2022. Since then, the crypto industry has been urging the government to relax taxation and pr…
Feb. 3, 2025, 7:07 a.m.
Policy
Bitcoin Plunges to $100K Amid US-Imposed Tariffs on Key Trading Partners
In a move that has sparked concerns of a trade war, the US president has announced the implementation of tariffs on imports from Canada, Mexico, and China, effective immediately. The tariffs, set at 25% for Canada and Mexico and 10% for China, have been imposed in an effort to curb the influx of illicit opioids into the US. As traditional markets remain closed for the weekend, the cryptocurrency …
Feb. 1, 2025, 11:41 p.m.