Regulation

US Senator Cynthia Lummis (R-WY) recently announced a groundbreaking proposal to supercharge the US dollar and address the national debt crisis by creating a strategic Bitcoin reserve. This proposal, known as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act,” aims to establish a transparent management system for the Federal Government’s Bitcoin

Recently, The Bahamas Securities Commission announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This legislation comes nearly two years after the collapse of FTX, a major crypto exchange headquartered in the country. The collapse of FTX raised questions about the effectiveness of the nation’s crypto regulations and caused a

Jonathan Mann and Brian L. Frye have taken a bold step by filing a lawsuit against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs representing digital art as securities. Mann, famous for creating a song daily for over sixteen years, expressed his protest by stating, “This song is a security.” The

The recent charges brought by the US Securities and Exchange Commission (SEC) against Nader Al-Naji, the founder of the BitClout blockchain protocol, have shed light on a fraudulent scheme allegedly orchestrated by him. The SEC claims that Al-Naji amassed over $257 million from investors through the unregistered offering and sale of crypto asset securities under

Goldman Sachs CEO David Solomon recently expressed his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While he acknowledged the potential of Bitcoin as a store of value, he maintained a cautious stance towards the cryptocurrency, viewing it primarily as a speculative investment without a clear

Former President Donald Trump recently expressed his support for digital assets during the Bitcoin2024 conference in Nashville. He made a pledge that the US government will hold onto the 210,000 Bitcoin it already possesses and any future BTC it acquires, ensuring that it will “never sell” them. Additionally, Trump outlined his administration’s plan to develop

In a groundbreaking move, Senator Cynthia Lummis recently introduced new legislation that proposes the establishment of a Bitcoin strategic reserve for the United States. The bill aims to allocate at least 1 million BTC, which accounts for 5% of the total Bitcoin supply, to enhance the country’s financial position and address national debt concerns. This

A group of Democrat politicians recently penned a letter to the Democratic National Committee (DNC) calling for a shift in the party’s stance on crypto and blockchain technologies. The letter, advocating for a more “forward-looking approach,” highlighted the vast potential these technologies hold for American innovation, economic growth, and financial inclusion. Despite some Democratic leaders

President Donald J. Trump has expressed his ambition to establish the United States as a dominant force in the world of Bitcoin and cryptocurrency. He has pledged to maintain the US’s lead over competitors like China and vowed to make the country a “Bitcoin superpower.” Trump’s vision includes ensuring that the US government holds onto

Coinbase and Revolut, two key players in the crypto industry, recently faced vastly different regulatory outcomes in the UK. While Coinbase subsidiary CB Payments Limited (CBPL) was fined a substantial sum of £3.5 million for Anti-Money Laundering breaches, Revolut obtained a restricted banking license from the UK’s Prudential Regulation Authority (PRA). The UK’s Financial Conduct