Bootstrap Gallery
  1. Home
  2. Policy
Latest Policy News 🔥
Policy
Major Breakthrough for Coinbase in Ongoing Court Battle with SEC
In a significant development, Coinbase has been granted permission to bypass the normal appeals process and take its case to the US Court of Appeals for the Second Circuit, where it will argue that the SEC's accusations about its trading of unregistered securities are unfounded. This move has the potential to have far-reaching implications for the cryptocurrency industry as a whole. The decision,…
Jan. 7, 2025, 10:35 p.m.
Policy
CFTC Chairman Rostin Behnam Announces Official Departure on Inauguration Day
U.S. Commodity Futures Trading Commission Chairman Rostin Behnam has formally announced his departure, making January 20 the official last day for both heads of the U.S. markets regulators. Behnam will join Securities and Exchange Commission Chair Gary Gensler in leaving his post on the final day of President Joe Biden's administration, as President-elect Donald Trump is sworn in and his new admi…
Jan. 7, 2025, 3:57 p.m.
Policy
Gemini Reaches $5M Settlement with CFTC
Gemini, a cryptocurrency exchange, has agreed to pay a $5 million settlement to the U.S. Commodity Futures Trading Commission, resolving a case that stemmed from allegedly deceptive statements made about the potential manipulation of bitcoin futures contract prices over seven years ago. The settlement, which does not involve an admission or denial of liability, was outlined in a letter from CFTC …
Jan. 7, 2025, 11:57 a.m.
Policy
Federal Reserve's Michael Barr to Resign as Vice Chair of Supervision
The U.S. Federal Reserve announced on Monday that Michael Barr, Vice Chair for Supervision, will be stepping down from his role by February 28, or sooner if a replacement is confirmed. Barr will continue to serve on the Federal Reserve Board of Governors. In a statement, Barr cited the potential for disputes with the incoming administration as a reason for his resignation, stating that he could b…
Jan. 6, 2025, 5:35 p.m.
Policy
European Regulator Grants MiCA License to Four Firms
Four prominent digital asset firms have been awarded the highly sought-after Markets in Crypto Assets (MiCA) license in the Netherlands, enabling them to operate freely across all 27 EU member states. The recipients of the Crypto Asset Service Provider (CASP) license from the Dutch Authority for the Financial Markets (AFM) include MoonPay, a leading crypto platform, BitStaete, a digital asset man…
Jan. 6, 2025, 12:12 p.m.
Policy
Mike Johnson Retains House Speakership with Republican Support
Representative Mike Johnson of Louisiana has been re-elected as Speaker of the House, following a vote by his Republican colleagues on Friday. Johnson, who has received public endorsement from former President Donald Trump, secured the required 218 votes in the first round of voting. He had to convince two fellow Republicans, Representatives Ralph Norman and Keith Self, to switch their votes in h…
Jan. 3, 2025, 8:30 p.m.
Policy
Founder of Terraform Labs, Do Kwon, Enters Not Guilty Plea in US Extradition Case
Following his extradition to the United States on December 31, Do Kwon, the founder of the now-defunct Terra Luna cryptocurrency ecosystem, has entered a not guilty plea to the fraud charges against him, as reported by Reuters on Thursday. Kwon's company, Terraform Labs, was responsible for developing the luna cryptocurrency and the algorithmic stablecoin terraUSD, which experienced a significant…
Jan. 3, 2025, 10:54 a.m.
Policy
Tron's T3 Unit Seizes $100M in Frozen USDT in Fight Against Financial Crime
The T3 Financial Crime Unit, established through a partnership between the Tron blockchain, Tether, and TRM Labs, has successfully frozen $100 million in USDT linked to illicit activities since its inception in September. By analyzing millions of transactions across five continents, totaling over $3 billion in USDT, the unit has made substantial strides in identifying and freezing funds tied to i…
Jan. 2, 2025, noon
Policy
Looking Ahead to 2025: Crypto Trends and Regulations
As we welcome a new year, the CoinDesk policy team reflects on the key developments expected to shape the crypto landscape in 2025. With the European Union's Markets in Crypto Assets legislation now in effect and the U.K. poised to publish draft legislation, the coming year promises to be pivotal for the industry. This newsletter edition explores the potential implications of these regulatory shi…
Dec. 31, 2024, 8:15 p.m.
Policy
Montenegro Approves Extradition of Terraform Founder Do Kwon to the United States
The extradition of Terraform founder Do Kwon to the US has been approved by Montenegro's Minister of Justice, Bojan Božović. This decision comes after both the US and South Korean governments sought custody of Kwon to face charges related to the collapse of the Terra/Luna algorithmic stablecoin system in 2022. Kwon was arrested in Montenegro in March 2023 and sentenced to several months in prison…
Dec. 27, 2024, 7:18 p.m.