In a groundbreaking decision, Tether, a prominent player in the stablecoin landscape, has announced its strategic plan to relocate its global headquarters to El Salvador. This move comes after the company secured a Digital Asset Service Provider (DASP) license, showcasing Tether’s commitment to deepening its roots in a nation recognized for its pioneering stance on
Regulation
In a significant development for the state of New Hampshire, State Representative Keith Ammon has put forth a groundbreaking piece of legislation aimed at creating a strategic reserve of digital assets within the state treasury. This proposal places a specific focus on cryptocurrencies, particularly Bitcoin, alongside US-pegged stablecoins, emphasizing a potential paradigm shift in how
On January 31, the UK Treasury enacted a pivotal amendment to the Financial Services and Markets Act 2000 (FSMA), a decision poised to reshape the landscape of cryptocurrency staking. This amendment marks a definitive separation of crypto staking from traditional pooled investment schemes, acknowledging it instead as a process integral to blockchain validation. By specifically
On January 9th, Standard Chartered announced its receipt of a license to provide crypto custody services in Luxembourg. This pivotal move is underpinned by the Markets in Crypto-Assets (MiCA) framework, designed to regulate cryptocurrency activities within the European Union. With MiCA in place, crypto businesses are now mandated to obtain a Crypto Asset Service Provider
The relationship between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency sector has become increasingly fraught, particularly under the tenure of Gary Gensler, who is set to depart as Chair on January 20. In a recent appearance on Bloomberg, Gensler expressed his persistent concerns regarding the crypto landscape, characterizing it as a space
South Korea is poised to make significant adjustments to its cryptocurrency regulatory framework, particularly for institutional investors. Recent reports from Yonhap, a prominent news outlet, indicate that the Financial Services Commission (FSC) is preparing to implement gradual regulatory changes aimed at allowing institutional players greater access to the cryptocurrency trading arena. Historically, South Korea’s stringent
In a landmark decision, Judge Katherine Polk Failla from the Southern District of New York has allowed Coinbase to pursue an interlocutory appeal against the U.S. Securities and Exchange Commission (SEC). On January 7, 2023, Judge Failla recognized the need for clarity regarding significant legal questions emerging from the ongoing litigation, particularly concerning the nature
Rostin Behnam’s decision to resign as Chair of the US Commodity Futures Trading Commission (CFTC) on January 20th marks a pivotal point for the agency, especially in light of the incoming Trump administration. Over the past few years, Behnam has been at the forefront of crypto regulation, facilitating crucial discussions about the state of digital
In a recent development within the cryptocurrency sector, Tyler and Cameron Winklevoss, founders of the cryptocurrency exchange Gemini, have agreed to a $5 million settlement with the Commodity Futures Trading Commission (CFTC). This settlement addresses allegations that Gemini misled regulators during its pursuit to launch the first U.S.-regulated Bitcoin (BTC) futures contract. As reported by
The recent developments in the cryptocurrency landscape in the United States have evoked images of a new space race, driven by the ambitious agenda of President-elect Donald Trump. Ari Redbord, the head of legal and government affairs at TRM Labs, articulated this sentiment during a discussion on CNBC, referring to the fervor and excitement surrounding
