33-year-old socialist Zohran Mamdani became a surprise favorite among the NYC mayoral candidates from the Democratic Party and is considered a likely winner in the election. Mamdani’s socialist platform is criticized for being naive and unrealistic. However, his popularity is…
A little-known SEC consultation could scrap months of bureaucratic delays for crypto ETFs. Instead of dual filings, issuers may soon need just an S-1 and patience, setting the stage for an unprecedented wave of listings. FOX Business reporter Eleanor Terrett…
Malaysia is planning an overhaul of its regulatory framework for digital asset exchanges, aiming to expedite token listings and enhance investor safeguards. On Monday, Malaysia’s Securities Commission has released a consultation paper proposing significant updates to its regulations for digital…
Circle Internet Group the issuer of the USDC stablecoin, has formally applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency. The move was made public via a June 30 press release by…
The SEC’s hesitation speaks volumes. As Bitwise pushes for staking-enabled Ethereum ETFs, regulators are digging deeper into whether passive crypto investors should earn yield or if it’s a risk too far. On June 30, the U.S. Securities and Exchange Commission…
Avery Ching isn’t just shipping code anymore. The Aptos co-founder and CEO has been appointed to the CFTC’s digital asset panel, signaling a new era where those who build the infrastructure help shape its regulation. On June 30, Aptos Labs…
With over 40 billion-dollar deals closed this year, crypto mergers have surged past anything the market has seen before. Areta co-founders trace the forces pushing institutional buyers to pick “buy” over “build” at a record pace. At a June 30…
Kazakhstan plans to establish a state crypto reserve, contingent on the creation of a legal framework to govern its formation and management. Kazakhstan’s National Bank is currently working on a detailed concept for forming and managing the reserve, potentially within…
Lately, the Internal Revenue Service has ramped up the frequency of warning letters sent to cryptocurrency investors. Reports indicate that most recipients receive one of three letter types: 6173, 6174, or CP2000. But what do these letters mean, and do…
The Senate is racing toward a September finish line for crypto rules. But with the House stuck at the starting block, this legislative marathon might take longer than anyone expected. At a Thursday press briefing, Senate Banking Committee Chair Tim…
Hong Kong is stepping up its digital asset push with a new policy roadmap designed to scale innovation, regulation, and adoption. On June 26, the Hong Kong government issued Policy Statement 2.0 on the Development of Digital Assets, outlining the…
SoFi Technologies is relaunching spot cryptocurrency trading on its platform, with users able to buy, sell, and hold crypto as well as undertake global remittances. The online banking and financial services company’s move to relaunch crypto trading will see its…
Deputy Managing Director at the IMF Bo Li sees two unresolved issues in the global fight over stablecoin dominance, specifically in the way stablecoins are classified. During his panel speech at the World Economic Forum’s Summer Davos meeting as reported…
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