The U.S. Securities and Exchange Commission (SEC) announced on Nov. 20 that it has distributed $4.6 million in restitution to investors affected by the 2017 ICO of BitClave, an Ethereum-based search engine. This payout is part of a settlement the company reached with the SEC in 2020 after being charged for failing to register its…
According to a latest Bloomberg report, President-elect Donald Trump is considering creating a new White House post dedicated entirely to cryptocurrency policy. The role would be the first-ever crypto-specific White House post which highlights the crypto industry’s prominent role in the Trump administration. Trump’s transition team is considering current and former CFTC officials to chair…
Recently, Japan’s Prime Minister, Shigeru Ishiba promised to cut taxes on crypto in his economic stimulus package. As per the latest reports, Ishiba received approval for his economic package after vowing to include annual tax reform proposals from the opposition party, the “Democratic Party for the People (DPP)”. Moreover, the main parties also agreed to…
Rumble Inc., a YouTube alternative known for its appeal to far-right audiences, is exploring adding Bitcoin to its balance sheet. The tweet, which gained strong support from the crypto community, caused Rumble’s stock (RUM) to surge by 9%, reaching $6.20 in after-hours trading on November 19. Earlier, shares had been trading lower but quickly bounced…
The race for the next SEC Chair has some big names, including Brian Brooks, Paul Atkins and Dan Gallagher. However, there’s one name that attorney John Deaton believes should not be considered: Bob Stebbins. Deaton said that Bob Stebbins previously served as the Office of General Counsel under SEC Chairman Jay Clayton. His role involved…
In a latest X post, the pro-XRP lawyer, John Deaton has expressed concerns over the outdated regulatory framework applied by the US SEC in response to Michael Saylor’s interview. He shared that the SEC should be focused on ‘fraud, pump and dump schemes and the bad guys.’ The Need For Modernised Regulatory Framework He pointed out…
The competition for the role of Treasury Secretary in Donald Trump’s administration is intensifying. Though Howard Lutnick, CEO of Cantor Fitzgerald, emerged as top contenders, Trump picked him for commerce chief. Trump Picks Tether’s Wall Street Banker Donald Trump, the incoming U.S. President, prefers Howard Lutnick, the CEO of Cantor Fitzgerald and a big supporter…
In the latest development, Paxos, the leading regulated blockchain and tokenization infrastructure platform, has announced that it has agreed to acquire Membrane Finance (Membrane), an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition is subject to regulatory approval. Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland…
The Ripple-SEC saga seems far from over, but the possibility of a settlement or reduced fine could be on the table, as discussed by legal experts. Attorney Jeremy Hogan recently discussed an interesting aspect of Ripple’s ongoing legal battle with the SEC, particularly regarding the possibility of a settlement. In an interaction with John Deaton…
Trump’s Plans to create a “Crypto Advisory Council” signal a push for clearer Crypto regulations. Armstrong, Coinbase CEO, may influence key crypto regulatory appointments, including SEC leadership. President-elect Donald Trump will meet Coinbase CEO Brian Armstrong to discuss crypto regulations and leadership roles. Trump aims to create a “Crypto Advisory Council” to promote the industry….
In a significant setback for Kraken, a California District Court judge has denied the exchange’s attempt to appeal a previous decision allowing the SEC’s lawsuit to proceed. Judge William Orrick ruled on Nov. 18 that Kraken’s motion for interlocutory appeal would only delay litigation without advancing its resolution. The SEC alleges that Kraken sold unregistered…
Ripple has come a long way since its early days when reaching $1 seemed impossible. Now, with XRP surging past $1, some are even predicting that it could reach previous ATHs at $3.30. While this may sound far-fetched, recent rumors of SEC Chair Gary Gensler’s resignation and Ripple’s potential victory in its legal battle with…
In a significant move for regulated digital payments, Quantoz Payments, backed by Tether, Kraken, and Fabric Ventures, is set to release two MiCA-compliant stablecoins—EURQ and USDQ—on November 18. These euro and dollar-backed tokens are licensed by the Dutch Central Bank (DNB) as e-money tokens (EMTs), marking a major step in Europe’s push for a secure,…
November 18, 2024 at 04:30 AM GST updated: November 18, 2024 at 04:26 AM 2 mins read News XRP surged double digits amid rumors of Ripple CEO’s meeting with President-elect Trump. 18 U.S. states sued the SEC, citing crypto regulation overreach under Gary Gensler. Robinhood relisted XRP after regulatory clarity on Ripple’s SEC lawsuit win….
Este artículo también está disponible en español. As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be…
November 17, 2024 at 03:45 AM GST updated: November 17, 2024 at 03:33 AM 2 mins read News Despite inconsistent asset classification policies, GOP lawmakers question SEC’s approval of Prometheum’s Ethereum custody services. Prometheum labels Ethereum security, while SEC acknowledges ETH as non-secure in approving a spot ETF earlier. Republicans urge the SEC to clarify…
US President-elect Donald Trump recently announced the creation of a new initiative known as the Department of Government Efficiency (DOGE) which will be led by Elon Musk and Vivek Ramaswamy. Its ultimate goal is to streamline federal operations and cut significant government spending by at least $2 trillion. The Winkelvoss Twin, Cameron Winklevoss took to…
Billionaire Elon Musk and Robert F. Kennedy Jr. sided with investor Howard Lutnick on Saturday in the debate over who President-elect Donald Trump should pick as his treasury secretary, as per a Reuters report. Musk’s endorsement has further amplified the debate over the Treasury Secretary pick. While Trump has not announced his nominee for the…
US President-elect Donald Trump recently announced the creation of a new initiative known as the Department of Government Efficiency (DOGE) which will be led by Elon Musk and Vivek Ramaswamy. Its ultimate goal is to streamline federal operations and cut significant government spending by at least $2 trillion, a target that various budget experts have…
The ongoing Ripple case could be dismissed by the SEC, especially in light of recent shifts in political leadership. With the outcome of the election possibly influencing the SEC’s regulatory approach, there is growing speculation that the agency may adopt a more flexible stance on high-profile crypto lawsuits, including those involving Ripple, Coinbase, Binance and…
November 17, 2024 at 04:55 AM GST updated: November 17, 2024 at 04:53 AM 2 mins read News Eighteen US states sue the SEC, alleging overreach in crypto regulation and violation of state rights. The lawsuit claims that the SEC bypassed Congress to enforce crypto rules, undermining state-led innovation. States argue that the SEC’s crypto…
Manhattan U.S. Attorney’s Office plans to reduce focus on crypto cases and prioritize immigration enforcement. Former SEC Chair Jay Clayton is set to become Manhattan U.S. Attorney, possibly changing crypto regulations. The U.S. is made an important move in its enforcement priorities as President-elect Donald Trump prepares to take office. Current and former government lawyers…
According to the latest report from Reuters, The U.S. Attorney’s Office in Manhattan will now devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday. Fewer Prosecutors To Work On Crypto Cases Scott Hartman, co-chief of the securities and commodities…
While many countries are rushing to adopt central bank digital currencies (CBDCs), Norway is taking its time. A government committee has advised politicians to hold off on introducing a digital currency, even as cash use continues to decline. The group, in its report to Finance Minister Trygve Slagsvold Vedum, suggested that while there’s no immediate…
The Hong Kong Monetary Authority, in its latest press release, has cautioned the public about certain crypto firms that are posing as banks. This comes as local regulators intensify efforts to combat fraud amid the region’s push to establish itself as a crypto hub. It noted two overseas crypto firms that are not licensed banks…
South Korea’s Financial Intelligence Unit (FIU) is reportedly investigating Upbit, one of the country’s leading cryptocurrency exchanges, over a staggering 600,000 alleged Know Your Customer (KYC) violations. The probe arises as the exchange seeks to renew its business license, with potential implications for its operations. Monopoly Concerns and Regulatory Scrutiny As per local news reports,…
Consensys CEO Joe Lubin anticipates a favorable shift for the crypto industry with Donald Trump’s reelection, expecting that many SEC cases against crypto firms could be “dismissed or settled.” Speaking at DevCon 2024 in Thailand, Lubin suggested that Trump’s pro-crypto stance and his pledge to remove SEC Chair Gary Gensler could potentially save the industry…
The post Donald Trump’s Plan to Eliminate Capital Gains Tax on U.S. Cryptocurrencies appeared first on Coinpedia Fintech News Donald Trump is reportedly considering a groundbreaking plan to eliminate capital gains taxes on U.S.-issued cryptocurrencies. If implemented, this could make profits from popular digital assets like Cardano (ADA), Algorand (ALGO), Ripple (XRP), and Hedera (HBAR)…
In a speech during the Practicing Law Institute and the 56th Annual Institute on Securities Regulation held in New York on Thursday, November 14, US SEC Chair Gary Gensler hinted he may be leaving the agency soon. In regards to the crypto market, Gensler highlighted that Bitcoin, Ethereum, and stablecoins are not securities. However, the…
Former SEC chairman predicts Trump’s administration could drive crypto-friendly legislation, easing regulatory constraints and fostering innovation within the digital asset industry. SEC Shake-Up: Could Trump’s Team Transform Crypto Legislation? Ex-SEC Chief Weighs In Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said on Wednesday that cryptocurrency legislation is likely to emerge…
President-elect Donald Trump’s proposal to create a national bitcoin reserve is gaining popularity across the country as several states are now considering implementing their own cryptocurrency reserves. In a remarkable development, The Pennsylvania House of Representatives introduced a bill today that, if passed, would allow the state to hold Bitcoin as a reserve asset on…
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, reiterated his call for cryptocurrency exchanges to register with the agency and highlighted the need for proper disclosures from those selling securities, as his tenure at the SEC may be nearing its conclusion. This comes amid Trump’s victory in the election and his threat…
As the U.S. races to establish itself as a global crypto hub, China could face pressure to adapt its policies. If China does relax its crypto ban, the impact on the global crypto market could be substantial, opening new avenues for investment and adoption across Asia. While a complete policy reversal is uncertain, industry leaders…
The UK government is set to introduce new crypto regulations this month, aiming to keep startups from being lured by Donald Trump’s pro-crypto policies in the US. The Treasury is preparing legislation focused on stablecoins and staking, to offer a clearer framework that could enhance the UK’s appeal as a digital asset hub. Industry insiders,…
In a groundbreaking move, Coincheck, a Japanese cryptocurrency exchange owned by Monex Group, has secured SEC approval to list on the Nasdaq, which makes it the first Japanese crypto exchange to do so. Coincheck is anticipated to make its debut as early as December 10th. Through a merger with Thunder Bridge Capital Partners IV (TBCP),…
President-elect Trump has nominated Fox News host Pete Hegseth as Secretary of Defense, marking a surprising choice. Hegseth, a decorated military veteran with combat experience in Iraq, Afghanistan, and Guantanamo Bay, is known for his “America First” non-interventionist stance on foreign policy. Trump praised him as “a Warrior for the Troops,” emphasizing his leadership qualities….
Ripple’s case against the SEC, long seen as a landmark legal struggle for the crypto industry, may be nearing a resolution — or even a dismissal. Speculation has intensified following Donald Trump’s re-election and his pro-crypto stance, with Ripple CEO Brad Garlinghouse expressing hope for a favorable outcome. Garlinghouse, optimistic about a fresh approach from…
XRP is showing signs of a major price rally, with experts predicting that it could be on the verge of a massive pump. This potential surge has traders and analysts excited, as they believe the current moment is the perfect time for XRP to explode in value. The altcoin has broken out of a falling…
November 12, 2024 at 01:15 AM GST updated: November 11, 2024 at 11:52 PM 2 mins read News FTX estate sues Binance for $1.8B, claiming fraudulent transfers in a 2021 share repurchase deal. Changpeng Zhao allegedly led a campaign to harm FTX, impacting its market stability. FTX argues that Binance’s actions in Nov 2022 accelerated…
Nate Geraci, the CEO of ETFStore has predicted filing of multiple crypto ETFs this week. He shared from his X account that multiple issuers have been waiting for this moment. What does he mean by this, let’s explore. Victory of Donald Trump Everybody in the crypto industry has been waiting for the results of US…
November 11, 2024 at 04:55 AM GST updated: November 11, 2024 at 03:36 AM 2 mins read News Charles Hoskinson launches policy office to guide US crypto regulation, aiming for clear industry rules. Cardano’s ADA jumps 33% as Hoskinson moves to shape US crypto policy with lawmakers. Hoskinson’s Input Output sets up the DC office…
November 10, 2024 at 04:40 PM GST updated: November 10, 2024 at 12:48 PM 2 mins read News In 2025, Charles Hoskinson will collaborate with US senators to draft crypto legislation, aiming for unambiguous, bipartisan rules. Cardano’s IOG will create a new policy office to push for fair crypto laws, boosting industry growth without subsidies….
Ethereum (ETH) recorded its largest three-day gain of 2024, as it surged 21% after Trump won the U.S. presidential elections. Despite institutions actively accumulating Bitcoin through spot Bitcoin ETFs, sentiment towards Ethereum has been mixed. However, the recent surge in ETH prices has attracted the interest of ‘smart money’, with a net inflow of $132…
In the latest development, Norway is currently considering the potential adoption of a central bank digital currency (CBDC). In the process, Norway’s Central Bank, Norges Bank, has endorsed the Markets in Crypto-Assets (MiCA) regulation, which is a landmark framework created by the European Commission (EC) that focuses on maintaining financial stability. The Markets in Crypto-Assets…
Bitcoin may be gearing up for a massive rally as it enters “Phase 2” of its historic bull run. On-chain data from CryptoQuant reveals a striking pattern similar to 2017, with long-term holders (LTHs) reversing their recent sell-off. This suggests fresh capital is flooding in, and Bitcoin could soon experience a second phase of explosive…
In order to strengthen its ailing economy, China has approved a 10 trillion yuan ($1.4 trillion) plan by allowing local governments to refinance their debt, revealing additional stimulus measures to counter a potentially volatile growth path as Trump is all set to return to the White House. Efforts To Stabilise Faltering Economy The world’s second-largest…
SEC Commissioner Mark Uyeda, known for his vocal criticism of the agency’s approach to crypto regulation, is backing President-elect Donald Trump’s pledge to end what many see as the Biden Administration’s anti-crypto crackdown. Uyeda, who joined the SEC in 2022, could assume the acting chair role when Trump takes office in January 2025. Speaking with…
Detroit’s got something different in store for 2025: it’s letting residents pay taxes and fees in cryptocurrency. This makes Detroit the largest U.S. city aiming to add crypto to its accepted payment methods. This is a bold move for a city eager to embrace tech innovation. The Detroit crypto payment plan is set to work…
Poland’s financial regulator, the KNF, has issued a warning about Crypto.com’s operations, raising concerns over possible regulatory issues. The alert targets Foris DAX MT, the Malta-based company behind Crypto.com, for unauthorized financial activities but stops short of banning the platform. Polish Bitcoin advocate Tomek Kolodziejczuk explained that the warning is just a precaution for investors,…
The SEC Chair is expected to be replaced soon as promised by Donald Trump. The regulatory body has been taking a hostile approach towards crypto regulations over the past years. A change in leadership, especially a nationwide one can instigate a wave of changes. With new presidential terms incoming in the USA, its leading crypto…