Regulation

The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug. “The thing people don’t really know about is that the government, in many cases, went to founders of

The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister Muhammad Aurangzeb had a meeting on digital assets with a foreign delegation that included US President Donald Trump’s

Brian Moynihan, the CEO of Bank of America, recently told an audience at the Economic Club of Washington DC that the commercial bank will likely launch a stablecoin if comprehensive legislation is passed in the United States. According to Fortune, the CEO told an audience at the Economic Club of Washington DC, “If they make

An exchange-traded fund (ETF) designed to offer leveraged long exposure to shares of Strategy, formerly MicroStrategy, is down approximately 81% since peaking on Nov. 20, according to The Kobeissi Letter.  The T-REX 2X Long MSTR Daily Target ETF (MSTU) lost some 40% of its value in the past three trading sessions alone, the investment researcher

Update (Feb. 26, 6:05 am UTC): This article has been updated to add information on the SEC’s suit, the Trump administration’s crypto policies and responses from the SEC and Tron. The US Securities and Exchange Commission and Justin Sun have asked a federal court to pause the regulator’s case against the crypto entrepreneur to allow

The United States Securities and Exchange Commission has closed its investigation into crypto exchange Gemini, adding to a growing list of firms that have escaped the regulator’s scrutiny for now.  In a Feb. 26 notice shared by Gemini co-founder and president Cameron Winklevoss, the SEC said it had concluded its investigation and “based on the

US lawmakers in the House of Representatives have advanced a resolution to repeal the “DeFi broker rule,” requiring brokers to report digital asset transactions to the Internal Revenue Service. Set to take effect in 2027, the IRS regulation approved on Dec. 5 would expand existing reporting requirements to include decentralized exchanges and require brokers to

The founder of a so-called crypto hedge fund and market marker called Gotbit has been extradited from Portugal to the US, where he is facing charges related to market manipulation and wire fraud conspiracy. Aleksei Andriunin was arrested by Portuguese authorities on Oct. 8, and was extradited to the US on Oct. 25. Sometime after,

The US Federal Bureau of Investigation has urged crypto node operators, exchanges and the private sector to block transactions from addresses used to launder funds from the $1.4 billion Bybit hack. The FBI confirmed earlier industry investigation that North Korea was responsible for the hack, which the US law enforcement agency dubbed as “TraderTraitor” in

Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and

Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The

FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement agreement in the United States Bankruptcy Court for the District of Delaware. Trabucco has maintained a low profile since leaving FTX just months before its collapse. Agreeing to save time and money In a motion that will be heard on

Lawyers representing Alex Mashinsky, the former CEO of the crypto platform Celsius facing a criminal indictment in the United States, have lost a motion to drop two charges related to commodities fraud and manipulating the price of the Celsius (CEL) token. In a Nov. 8 filing in the US District Court for the Southern District

Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and

Roman Sterlingov, the founder of Bitcoin Fog, the darknet’s oldest cryptocurrency mixer, has been sentenced to 12.5 years in prison as part of the United States government’s broader crackdown on cryptocurrency mixers. It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence following Sterlingov’s March conviction by a jury on charges of

Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA),

A second Trump administration is likely to elevate the crypto sector — both in the United States and overseas — informed market observers told Cointelegraph in the aftermath of the Nov. 5 presidential election. It raises the odds for digital asset market structure legislation, and will probably bring along a stablecoin payment act as well.

Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank. Lee argued that Federal Reserve Chair Jerome Powell’s recent assertion that he would not

The crypto arm of venture capital firm Andreessen Horowitz (a16z) said there will be  “greater flexibility to experiment” as the regulatory landscape for crypto improves in the United States following the Nov. 5 elections. “While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain

The Coinbase-backed crypto advocacy group Stand With Crypto has expanded to Australia as part of a broader move to push for regulatory clarity and crypto-friendly policy in the country.  Tom Duff Gordon, vice president of international policy at Coinbase, said the overarching goal of the new offshoot of Stand With Crypto is to bring political