Regulations

A collection of 100 posts

Privacy Coins

Tornado Cash Ruling Sparks Potential Surge in Privacy Coin Market

The recent US court decision to overturn sanctions against Tornado Cash has injected a fresh wave of optimism into the market for privacy-focused cryptocurrencies. This pivotal ruling, could bring in a new era of growth and acceptance for privacy coins like Monero and Zano, which have been under regulatory scrutiny

Regulations

AI and Crypto Czar David Sacks Discusses Digital Asset Regulations and US National Stockpile

In an appearance on Fox Business News this morning, David Sacks, President Trump's AI and Crypto Czar, provided insights into the newly established Digital Assets Working Group, its objectives, and the prospective development of a US national stockpile for digital assets. This conversation sheds light on the administration&

Crypto

Trump Reverses SAB 121 Allowing Banks to Custody Crypto Assets

In a significant move for the crypto industry, President Donald Trump has officially eliminated Staff Accounting Bulletin 121 (SAB 121), a guideline previously enforced by the U.S. Securities and Exchange Commission (SEC). This action marks a pivotal shift in U.S. policy, directly impacting how banks can interact with

Crypto

Trump Signs Historic Crypto Executive Order Bolstering US Digital Finance Leadership

BREAKING: In an unprecedented move for the United States, President Donald Trump has signed an executive order that promises to reshape the regulatory environment surrounding cryptocurrencies. This directive comes at a time when cryptocurrencies and digital assets are increasingly becoming a focal point in global finance, signaling a strong push

Bitcoin

CZ Binance Says "Crypto Moving at Crypto Speed" As US Strategic Bitcoin Reserve Comes to Fruition

Changpeng Zhao, commonly known as CZ, the CEO of Binance exchange, has weighed in on the establishment of a US Strategic Bitcoin Reserve. His comments signal a significant step towards the mainstream adoption of Bitcoin as a strategic asset by one of the world's leading economies. The concept

Dogecoin

Bitwise Launches Dogecoin ETF As Trump's Crypto Policies Take Effect

Bitwise Asset Management is actively preparing to file for a Dogecoin ETF, marking a significant step in the evolving landscape of cryptocurrency investments as the United States navigates under a new administration led by President Donald Trump. The news of this potential ETF has stirred excitement within the crypto community,

Exchange

Crypto.com Relaunches US Exchange Under New Trump Crypto-Friendly Administration

Crypto.com has made a significant move by relaunching its "institutional-grade venue" in the United States, just one day following the inauguration of Donald Trump, who is often referred to as the first pro-crypto president. This strategic timing seems to echo the new administration's favorable stance

Crypto

SEC Launches New Task Force to Clarify Crypto Regulations

In a significant move towards shaping the future of cryptocurrency regulation, the U.S. Securities and Exchange Commission (SEC) under the new Trump administration has announced the formation of a new Crypto Task Force. This initiative, spearheaded by Acting Chairman Mark T. Uyeda, aims to provide clarity and structure to

Bitcoin

Coinbase CEO Brian Armstrong Predicts Bitcoin Will Surge to Millions of Dollars

In a recent appearance on CNBC, Coinbase CEO Brian Armstrong shared his bullish outlook on Bitcoin, suggesting that the cryptocurrency could see its value soar into the "multiple millions" in the coming years. Armstrong's optimism is grounded in several pivotal developments he sees on the horizon

Payments

Bank of America CEO Signals Crypto Adoption if Regulatory Green Light Given

In a candid discussion at the World Economic Forum in Davos, Switzerland, Bank of America CEO Brian Moynihan revealed a potential shift in the banking sector's stance on cryptocurrencies. Speaking to CNBC's Andrew Ross Sorkin, Moynihan expressed that the U.S. banking industry is poised to

Strategic Bitcoin Reserve

Massachusetts Senator Proposes Bill to Create State Bitcoin Reserve

In a significant move for the crypto space in the United States, Massachusetts State Senator Peter Durant has introduced legislation aimed at establishing a strategic Bitcoin reserve for the state. This development mirrors actions taken by other states like Texas, Pennsylvania, and Oklahoma, which are also considering similar legislative measures

Bitcoin

California Lawmaker to Draft Bitcoin Legislation

In an exciting bit of news, California State Representative Phillip Chen is collaborating with the nonprofit Proof of Workforce to draft legislation that supports Bitcoin. This action marks a notable step toward integrating crypto into state policy, reflecting a broader national trend under the incoming administration of President-elect Donald Trump,

Bitcoin Mining

Arkansas Legislature Considers Banning Bitcoin Mining Near Military Bases

The state of Arkansas is on the brink of passing legislation that could reshape the landscape for Bitcoin and crypto mining operations, particularly those near military installations. Senate Bill 60, introduced by Senator Ricky Hill and House Speaker Brian Evans, seeks to amend the Arkansas Data Centers Act of 2023

Strategic Bitcoin Reserve

Oklahoma State Representative Proposes Bitcoin as Strategic Reserve Asset

In a bold move to safeguard the financial future of its citizens, Oklahoma's State Representative Cody Maynard introduced House Bill 1203, which is aimed at being a strategic Bitcoin reserve. This legislative proposal aims to diversify the state's financial reserves by including Bitcoin as a hedge

Regulations

Sen. Elizabeth Warren Sends Letter to Trump Treasury Nominee Advocating for Tighter Crypto Regs

US Senator Elizabeth Warren has recently dispatched a comprehensive open letter to Donald Trump's nominee for Treasury Secretary, Scott Bessent, pushing for a reevaluation and potential tightening of regulations concerning crypto assets. In her extensive 31-page letter dated January 12, Warren poses critical questions about the scope and

Donald Trump

Donald Trump Plans to Push for Crypto Policy Reform on Inauguration Day

Donald Trump, a vocal advocate for the crypto industry during his campaign, is set to issue executive orders concerning crypto policies on his very first day in office, according to the Washington Post. This move is seen as a direct response to the needs and expectations of the growing cryptocurrency

Bitcoin

New Hampshire Explores Bitcoin for State Treasury Investments

New Hampshire is venturing into the world of crypto with a legislative proposal that would allow the state to establish a strategic Bitcoin reserve within its treasury. This initiative, spearheaded by State Representative Keith Ammon, aims to diversify state investments and potentially generate passive revenue, aligning with the state'

Crypto

Consumer Financial Protection Bureau Suggests Refunds for Hacked Crypto Users

The Consumer Financial Protection Bureau (CFPB) has recently unveiled a proposal that could significantly alter the landscape of digital asset protection, aligning them closely with the security measures afforded to traditional bank (TradFi) account holders. Under this proposed rule, cryptocurrency service providers such as exchanges might be obligated to refund

Crypto

Gary Gensler Takes One Final Jab at Crypto Before Quitting the SEC

As Gary Gensler prepares to step down from his role as the Chair of the U.S. Securities and Exchange Commission (SEC), he has not shied away from delivering one last critique of the cryptocurrency sector. In his parting remarks, Gensler described the crypto industry as a field "rife&

Legal

Blockchain Association Files Lawsuit Over Controversial IRS DeFi Regulations

In a significant development, the U.S. Internal Revenue Service (IRS) has recently introduced new regulations that classify a variety of decentralized finance (DeFi) protocols as brokers. These regulations mandate that these platforms adhere to Know Your Customer (KYC) requirements for transactions involving digital assets. The IRS has projected that

DeFi

What the New IRS Regulations Mean for Crypto and DeFi

The U.S. Internal Revenue Service (IRS) has introduced new tax regulations set to take effect in 2027, which will significantly impact decentralized finance (DeFi) platforms. These rules mandate that DeFi brokers report all gross proceeds from digital asset sales and gather extensive user information, including names and addresses. This

Bitcoin

Japan Rejects Satoshi Proposal for National Strategic Bitcoin Reserve

In a clear and decisive stance, the Japanese government has declared its disinterest in adopting Bitcoin as part of its foreign exchange reserves. This announcement, comes as a response to queries by Senator Satoshi Hamada, a member of the Party to Protect the People from NHK. The government, through its

Crypto

IRS Declares Crypto Staking Taxable Amid Legal Battle

A new twist has emerged that could significantly impact crypto investors – the Internal Revenue Service (IRS) has officially declared that staking cryptocurrency is a taxable event. This ruling comes at a time when the crypto market is soaring, with Bitcoin recently breaching the $100,000 mark for the first time,

Bitcoin

Michael Saylor Proposes Game-Changing Digital Assets Strategy for U.S. Economic Leadership

Michael Saylor, a well-known advocate for Bitcoin published a comprehensive framework designed to integrate digital assets into the fabric of U.S. financial markets. This document, titled "Digital Assets Framework, Principles, and Opportunity for the United States," is not just a policy proposal; it's a vision

Bitcoin

Ohio Lawmaker Proposes State Bitcoin Reserves for Financial Future

Ohio's legislative landscape is poised for a digital transformation as Derek Merrin, the Leader of the Ohio House Republicans, introduces the Bitcoin House Bill 703. This groundbreaking bill aims to establish an "Ohio Bitcoin Reserve" within the state treasury, marking a significant step towards integrating Bitcoin