Democrats Shift Stance on GENIUS Act: Senate Advances Bipartisan Deal on Stablecoin Rules In a surprising turn of events, Democrats in the Senate have shifted their stance on the GENIUS Act, leading to the advancement of the bill after reaching a bipartisan deal on new stablecoin rules. This move marks a significant shift in the […]
SEC plans fresh rules for crypto securities
SEC Plans Fresh Rules for Crypto Securities The Securities and Exchange Commission (SEC) is gearing up to implement new regulations for crypto securities in response to what Chair Gary Gensler has deemed a regulatory failure. Currently, only four crypto issuers have registered with the SEC, highlighting a significant gap in oversight and investor protection within […]
SEC official says crypto ETF process was mishandled
Missed Opportunities: SEC Official Criticizes Mishandling of Crypto ETF Approval Process SEC Commissioner Hester Peirce recently voiced her concerns over the mishandling of the approval process for Bitcoin exchange-traded funds (ETFs). Peirce, known for her support of innovation in the financial sector, criticized the Securities and Exchange Commission for the prolonged delays in greenlighting crypto […]
SEC hears proposal on tokenised securities from Ondo Finance
Tokenised Securities: Ondo Finance Proposal Under Review by SEC The world of finance is constantly evolving, with new technologies and innovations reshaping the way we think about investments and assets. One such innovation that has been making waves in recent years is tokenised securities. These digital assets represent ownership in real-world assets such as stocks, […]
SEC targets crypto executive in $198 million Ponzi case
SEC Targets Crypto Executive in $198 Million Ponzi Case The world of cryptocurrencies has been a hotbed of innovation and opportunity, but it is not without its pitfalls. Recently, the SEC set its sights on a prominent crypto executive in a staggering $198 million Ponzi case. PGI Global, a company that promised lucrative returns on […]
The Trump administration ends the crypto enforcement team
The Trump Administration Ends the Crypto Enforcement Team In a surprising move that has sparked debates across the financial and technological sectors, the Trump administration has decided to disband the crypto enforcement team. This decision marks a significant shift in the approach towards regulating digital currencies and blockchain technology. Instead of focusing on cracking down […]
Law firm investigates potential fraud in Libra meme coin launch
Law Firm Investigates Potential Fraud in Libra Meme Coin Launch The world of cryptocurrency has once again found itself under scrutiny as a recent scandal involving the Libra meme coin has come to light. Over 75,000 wallets have reportedly lost a staggering $280 million in what is being deemed as a potential case of fraud […]
Japan’s FSA aims to classify crypto as financial assets
Japan’s FSA Aims to Classify Crypto as Financial Assets The world of cryptocurrencies is a rapidly evolving landscape, with regulatory bodies around the globe scrambling to keep up with the pace of innovation. In Japan, the Financial Services Agency (FSA) is taking a significant step forward by proposing to classify cryptocurrencies as financial assets. This […]
Russian hackers exploit smart home devices for crypto mining and cyberattacks
Russian Hackers Exploit Smart Home Devices for Crypto Mining and Cyberattacks In the ever-evolving landscape of cybersecurity threats, Russian hackers have found a new way to exploit unsuspecting victims – through their smart home devices. With the rise of crypto fraud in Russia, scammers are increasingly turning to sophisticated tactics to deceive individuals into investing […]
Coinbase presents proposal for digital asset regulation to US SEC
Coinbase Proposes Clear Guidelines for Cryptocurrency Regulation to US SEC In the ever-changing landscape of digital assets, regulation has become a pressing issue for many stakeholders. Cryptocurrency exchange giant Coinbase has recently stepped up to the plate by presenting a comprehensive proposal to the US Securities and Exchange Commission (SEC). The blueprint sets out to […]