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Policy
Vitalik Buterin Makes $1 Million Donation to Coin Center Following Tornado Cash Ruling
Following a significant US appeals court decision overturning sanctions against Tornado Cash, Ethereum co-founder Vitalik Buterin made a substantial donation of 320 ether, valued at over $1 million, to the cryptocurrency think tank Coin Center. The ruling stated that Tornado Cash's smart contracts do not belong to a foreign entity and therefore cannot be blocked under the International Emergency …
Nov. 27, 2024, 4 p.m.
Policy
Ripple Invests Additional $25 Million in Crypto PAC Ahead of 2026 Congressional Elections
Ripple Labs has made a further $25 million investment in the cryptocurrency industry's Fairshake political action committee, marking one of the most substantial and aggressive campaign finance operations in corporate history. The super PAC has achieved an unprecedented lead in the 2026 election cycle, with commitments from Ripple, Coinbase, and Andreessen Horowitz totaling $73 million, in additio…
Nov. 27, 2024, 12:41 a.m.
Policy
US Appeals Court Overturns Tornado Cash Sanctions, Sparking 500% Surge in TORN Token
A US federal appeals court has ordered the lifting of sanctions against Tornado Cash, a cryptocurrency mixing service that enables anonymous transactions. The ruling resolves a contentious debate over whether the government has the authority to target the technology due to its links to criminal activity. The decision reverses an earlier district court ruling that had supported the government's ef…
Nov. 27, 2024, 12:26 a.m.
Policy
US Research Reveals Crypto Earnings Enable Low-Income Families to Purchase Homes
According to a report released by the US Treasury's Office of Financial Research, cryptocurrency investments have potentially enabled lower-income Americans to purchase homes at a higher rate than the rest of the population. The study discovered a significant increase in mortgage debt in areas with high digital asset activity, but found that delinquency rates have remained low. The research concl…
Nov. 26, 2024, 8:48 p.m.
Policy
Morocco Develops Cryptocurrency Regulations, According to Central Bank Governor
Morocco's central bank has formulated draft regulations for the cryptocurrency sector, as announced by its governor, Abdellatif Jouahri, on Tuesday. Although Jouahri did not elaborate on the specifics of these regulations in his speech, he mentioned that the country, which initially prohibited cryptocurrencies in 2017, is now taking steps to establish a regulatory framework. In collaboration with…
Nov. 26, 2024, 4:21 p.m.
Policy
UK Regulator Sets Sights on Implementing Crypto Framework by 2026
The Financial Conduct Authority, the UK's primary financial regulator, has announced plans to establish a comprehensive crypto regulatory framework by 2026, in response to the growing adoption of cryptocurrencies in the country. A recently released roadmap outlines the regulator's intention to publish discussion papers on key topics such as market abuse and disclosure requirements by the end of t…
Nov. 26, 2024, 12:01 a.m.
Policy
Donald Trump Selects Crypto Advocate Scott Bessent as Treasury Secretary Nominee
President-elect Donald Trump has chosen Scott Bessent, a hedge fund manager with a keen interest in cryptocurrency, as his nominee for Secretary of the Treasury. If confirmed by the Senate, Bessent's signature will be featured on US paper currency, marking a significant milestone for the digital currency ecosystem. As the head of Key Square Group, a macro investment firm, Bessent has an impressiv…
Nov. 22, 2024, 11:28 p.m.
Policy
Democrat Exodus from SEC Continues, Paving Way for Republican-Led Agency
A second Democratic commissioner at the Securities and Exchange Commission has announced their resignation, following Chair Gary Gensler's decision to step down, thereby allowing Republicans to take control of the agency as early as February. Commissioner Jaime Lizárraga will be leaving on January 17, citing family health reasons, which could expedite the redirection of the regulator's policies, …
Nov. 22, 2024, 6:09 p.m.
Policy
UK to Introduce Cryptocurrency Regulations, Including Stablecoins, in Early 2024
The UK government is planning to establish a regulatory framework for the cryptocurrency industry by early next year. This move comes as the European Union's Markets in Crypto Assets (MiCA) regulations come into effect across the EU. According to Economic Secretary Tulip Siddiq, the government aims to engage with firms on draft legal provisions for the crypto asset regime, including stablecoins, …
Nov. 22, 2024, 10:30 a.m.
Policy
Binance Expands Compliance Team by 34% to Align with Industry's Rapid Evolution
By the end of the year, Binance, the world's largest cryptocurrency exchange, anticipates having 645 full-time employees dedicated to compliance, representing a 34% increase from November of the previous year, as it continues to aggressively expand its compliance department. Including contractors, the exchange already boasts over 1,000 employees focused on compliance, according to a recent statem…
Nov. 22, 2024, 10 a.m.