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Representative French Hill, the next House Financial Services Committee chair, foreshadowed crypto policy pain points to focus on under the next U.S. administration.
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The Wall Street Journal reported that incoming President Donald Trump’s transition team is exploring plans to alter or potentially eliminate the Federal Deposit Insurance Corporation. According to sources that spoke to the WSJ, Trump’s advisers have questioned candidates for regulatory…
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Stefan Berger, a key figure in the European Parliament’s digital euro discussions, has stepped aside to pave the way for progress without controversy. The man leading Parliament’s work on the digital euro, who became one of its biggest critics, has…
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Rep. French Hill has won the Republican race to become the next Chair of the U.S. House Financial Services Committee. Crypto-friendly Hill defeated Rep. Andy Barr of Kentucky, Rep. Frank Lucas of Oklahoma, and Rep. Bill Huizenga of Michigan to…
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While meme coins sparked a frenzy among retail traders, stablecoins seem to emerge as crypto’s most promising innovation so far. The meme coin craze keeps going strong, even though regulators are being cautious because of their wild price swings. While…
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South Korea’s financial watchdog is investigating the Coinone crypto exchange over Movement’s token sharp price swings, raising concerns over potential unfair trading. A major investigation is underway into Korean crypto exchange Coinone after the price of the Movement (MOVE) token…
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Kraken’s Australian entity, Bit Trade, is facing a multi-million fine for failing to comply with rules requiring a target market determination for its margin extension product. The Australian operator of the Kraken crypto exchange, Bit Trade, has been fined AUD…
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On December 11, Vancouver councilors voted in favor of Mayor Ken Sim's motion to make the city "Bitcoin-friendly" and authorize staff to look into holding cryptocurrency in reserve.
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Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector. The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up…
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The South Korean National Assembly reportedly decided to put all discussions regarding crypto-related regulations on hold, following the aftermath of martial law and impeachment plans for the current president. According to a Chosun report, a South Korean National Assembly official…
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The digital som, Kyrgyzstan’s future national virtual currency, moved closer to reality with parliamentary approval of a draft law outlining its framework. Kyrgyzstan’s Parliament has approved a draft law defining the status and legal framework for the digital som, the…
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U.S. President-elect Donald Trump decided to pick Paul Atkins as the chairman of the SEC last week; now, the commissioner has urged for crypto reform. Securities and Exchange Commission (SEC) commissioner Hester Pierce calls for the next government to reform…
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Tether has announced that Abu Dhabi’s Financial Services Regulatory Authority has approved the company’s U.S. dollar-pegged stablecoin as an accepted virtual asset. According to the announcement on Dec. 10, Tether (USDT) is now available to authorized individuals and entities regulated…
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The international financial center in Abu Dhabi, Abu Dhabi Global Market is collaborating with Polygon Labs in establishing an international token disclosure process for the web3 ecosystem. According to the press release received by crypto.news, the ADGM aims to use…
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Eric Trump, son of President-elect Donald Trump, has called for “sensible regulation” to position the United States as a global leader in the crypto industry. Speaking to CNBC in Abu Dhabi, Trump emphasized he importance of clear guidelines to encourage…
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El Salvador is negotiating a $1.3 billion loan with the IMF that reportedly could bring significant changes to its Bitcoin legal tender law. In the coming weeks, El Salvador could finalize a multi-billion dollar deal with the International Monetary Fund…
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