U.S. Treasury Secretary Calls For Regulation Following TerraUSD’s Epic Collapse

U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD’s epic collapse in price last week.  Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market’s financial […]

Coin Bureau: Here’s Why the U.S. SEC Is Going After Ripple and XRP

The host of popular crypto commentary and market analytics show Coin Bureau has shed some light on why the U.S.’s top financial regulator is targeting Ripple (which is headquartered in San Francisco, California) and digital asset XRP. In December 2020, the U.S. Securities and Exchange Commission (SEC) charged payments start-up Ripple and two executives — […]

Panama’s National Assembly Passes Crypto Bill, Exempts Crypto From Capital Gains Tax

On Thursday (April 28), the National Assembly of Panama (in Spanish: “Asamblea Nacional de Panamá”) approved (with a 40-0 vote) a bill that provides a regulatory framework for cryptoassets in the Central American nation. According to a pair of tweets from the National Assembly sent out around 13:36 UTC on April 28, “Bill 697, which regulates the […]

Ripple CEO Says Demand for His Firm’s $XRP-Powered ODL Product Has “Skyrocketed”

On Tuesday (April 26), Brad Garlinghouse, CEO of Californian FinTech firm Ripple, talked about his company’s court battle with the U.S. Securities and Exchange Commission (SEC), which is arguing that $XRP is an unregistered security, as well as how $XRP is being used outside the U.S. As you may remember, on 22 December 2020, the […]

Ripple CEO on How ‘Tribalism’ Is Stopping Crypto Space From Achieving Its Full Potential

Recently, Ripple CEO Brad Garlinghouse explained how “tribalism” is holding back the entire crypto market. On April 14, during a fireside chat with CNBC reporter Ryan Browner at this year’s Paris Blockchain Week event, Garlinghouse talked about crypto regulation. According to CNBC’s report, Garlinghouse argued that crypto tribalism is to blame for the weak lobbying […]

InvestAnswers Host Predicts Privacy Coins Will Be Crushed by Upcoming Crypto Regulations

The host of popular crypto analysis and market commentary show InvestAnswers claims that privacy-focused altcoins will likely be hammered by the impact of government regulations.  Speaking in a recent interview, the host of InvestAnswers explained that he is skeptical about investing in privacy coins, which he believes are going to come under greater scrutiny by […]

Ripple CEO on Use of $XRP for Payments, Macro Factors Affecting Crypto, and SEC Lawsuit

On Thursday (April 15), Ripple CEO Brad Garlinghouse explained why his firm uses the $XRP token for payments, why he is “incredibly bullish” on crypto, and why Biden’s executive order about crypto regulation is “very significant”. Garlinghouse, who was in France for Paris Blockchain Week Summit (PBWS), made these comments during an interview with CNBC. […]

Michael Saylor: Biden Effectively Greenlit Bitcoin With His Recent Executive Order

On Thursday (April 7), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), explained why he is more bullish than ever on Bitcoin. His comments were made while speaking with Catherine Wood — Founder, CIO, and CEO at ARK Investment Management, LLC — in Miami, Florida on day two of the four-day […]

U.S. Treasury Secretary on ‘Digital Assets Policy, Innovation, and Regulation’

On Thursday (April 7), U.S. Treasury Secretary Dr. Janet Yellen gave a speech on “digital assets policy, innovation, and regulation” at American University’s Kogod School of Business Center for Innovation. Below are some key highlights from Yellen’s speech (based on the press release issued by the U.S. Department of the Treasury). Yellen started by reminding the attendees […]

U.S. SEC Chairman: ‘Most Crypto Tokens’ Are Securities

On Monday (April 4), Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), expressed his concerns about the crypto market during a keynote speech for the annual conference of Penn Law Capital Markets Association of the University of Pennsylvania Carey Law School. Gensler was nominated by President Joe Biden to Chair the […]

Georgia’s Central Bank Working With IMF to Develop Regulatory Framework for Crypto

Koba Gvenetadze, the governor of the National Bank of Georgia (NBG), which is the central bank of Georgia (a former republic of the Soviet Union), said in a recent interview that NBG is working on a regulatory framework for crypto. In an interview published on Monday (April 4) in Georgian news outlet “The Financial”, Gvenetadze […]

UK Government Issuing NFT as a Symbol of Its ‘Forward-Looking Approach’ to Regulating Crypto

On Monday (April 4), the UK government’s finance ministry announced “moves that will see stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment.” Her Majesty’s Treasury (HM Treasury), also known as the Exchequer or the Treasury, is “the department of […]

SkyBridge Capital Founder: Next Batch of Presidential Candidates Will Be Pro-Crypto

Former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), is predicting that both candidates in the 2024 U.S. presidential election will be supporters of crypto.  During in an interview on Crypto Banter, Scaramucci gave the prediction that the White House will become increasingly favorable […]

Former U.S. Presidential Candidate Ron Paul Believes Bitcoin Could Still Be Banned

Texas Libertarian Dr. Ron Paul, who is a former U.S. presidential candidate (three times, in 1988, 2008, and 2012), says that the risk of Bitcoin still getting banned one day still exists, while arguing that crypto should “obviously” be permitted.  Paul discussed the future of the U.S. dollar and Bitcoin during an interview with Kitco News […]

‘Pepper’ Set to Become First Israeli Banking Platform To Offer Crypto Trading

Pepper Invest, the investment app of Pepper, Bank Leumi’s digital bank, will soon offer crypto trading.  According to Bank Leumi’s press release, the new service is the result of a collaboration between Israel’s Leumi Group and U.S. company Paxos, a leading regulated blockchain infrastructure platform. Following completion of regulatory approvals, the service will allow Pepper Invest […]

U.S. Treasury Secretary Janet Yellen: Crypto Has ‘Grown by Leaps and Bounds’

Earlier today (March 25), U.S. Treasury Secretary Dr. Janet Yellen shared her thoughts on crypto during an interview with CNBC. Yellen’s comments about crypto were made while she was being interviewed by CNBC “Squawk Box” co-anchor Andrew Ross Sorkin. After Sorkin told Yellen that Russia’s energy chief had expressed on Thursday (March 24) the idea […]

U.S. Senate Will Vote on the ‘Accountability for Cryptocurrency in El Salvador’ Act, CZ Arrives in El Salvador

On Wednesday (March 23), U.S. Senator Jim Risch (R-Idaho) commented on the passage of proposed legislation on El Salvador out of the U.S. Senate Committee on Foreign Relations, which means that now the full U.S. Senate will need to vote on this bill. As you may remember, the bill to make Bitcoin legal tender in El […]

Bitwise CIO Predicts ‘A Bull Market That Could Last at Least Through This Year’

Matt Hougan, chief investment officer at crypto-focused investment firm Bitwise Asset Management, is predicting a big rally following President Joe Biden’s Executive Order on “Ensuring Responsible Development of Digital Assets”, which was signed on March 9. Here were the main objectives of this executive order: “We must protect consumers, investors, and businesses in the United States.“ […]

Crypto Exchange Binance Granted Virtual Asset License by Dubai

Binance, the world’s largest cryptoasset exchange, has been granted a license to conduct operations in Dubai following the country’s recent legislation regarding digital assets.   According to a report by Reuters, the company announced that it had obtained a Virtual Asset license from Dubai’s recently formed Virtual Asset Regulatory Authority (VARA), allowing the exchange to […]

Ethereum Co-Founder: Ukraine-Russia War Setting Stage for Mainstream Crypto Adoption

Ethereum co-founder Joe Lubin says that digital assets are proving to be a powerful weapon for Ukraine as it continues to resist Russian invasion.  Speaking in an interview with Decrypt’s editor-in-chief Dan Roberts, the founder and CEO of ConsenSys said that the crisis in Eastern Europe is creating a “point of no return” for crypto’s […]

Ripple’s General Counsel: SEC’s ‘Regulation by Enforcement’ Hurts Crypto Space

Stuart Alderoty, General Counsel at Ripple, says that if U.S. Congress and regulators do not “work together to provide regulatory clarity to the crypto industry,” 2023 could be the first year “a country other than the U.S. leading the digital asset revolution.” In an op-ed piece published on Friday (March 18) on, Alderoty started […]

Ripple CEO Names 5 Jurisdictions That ‘Have Acknowledged XRP Is a Currency’

In a recent interview, Ripple CEO Brad Garlinghouse talked about how the U.S. Securities and Exchange Commission (SEC) views cryptoasset XRP vs how it looked at by financial regulators in other major jurisdictions. As you may remember, on 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and two of its […]

South Korean Pro-Crypto Candidate Yoon Suk-yeol Becomes President

South Korea has elected the pro-crypto, conservative candidate Yoon Suk-yeol as their nation’s next president.  According to a report by The Block, citing data from the BBC’s coverage, Yoon and his opposition People Power Party won the presidential election by a margin of less than 1% of votes. Yoon’s presidential election win presents potential ramifications […]

Russian Parliamentary Group Supports Crypto Regulation, Opposes Outright Banning

A working group from Russia’s Parliament has declared that there should be “mechanisms” in place to control crypto transactions.  According to a report by Cointelegraph, citing sources from local media, a State Duma (the lower chamber of Russia’s Parliament) working group has given its support in favor regulating, as opposed to outright banning, cryptoassets. The […]

XRP: Former SEC Exec Is “Very Sympathetic” to Ripple’s “Fair Notice” Argument

In a recent interview, Joseph A. Hall, a former executive at the U.S. Securities and Exchange Commission (SEC), talked about his former employer’s lawsuit against Ripple Labs. Hall has been partner in U.S. law firm Davis Polk since September 2005. Before that, between October 2003 and June 2005, he was working at the SEC, where he […]

U.S. Lawyer on SEC vs Ripple Lawsuit: ‘SEC Could Lose Both Its Pawn and Its Bishop’

Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely following and commenting on the U.S. SEC’s lawsuit against Ripple, says that the SEC lawyers’ latest move seems like a huge mistake. As you may remember, on 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and […]

Russian Minister of Finance Suggests Local Banks Should Be Able To Sell Crypto

Russia’s Minister of Finance Anton Siluanov has suggested local banks should be able to sell cryptocurrencies at a time in which the country’s central bank is pushing to ban cryptoassets and the ministry is opting for regulation. Siluanov’s suggestion came in a letter sent to Prime Minister Mikhail Mishustin, reported on by Russian newspaper Kommersant […]

India Announces 30% Tax on Income From Transfer of Virtual Digital Assets

Indian Finance Minister Nirmala Sitharaman has announced the country will enforce a 30% tax on any income from the transfer of virtual digital assets.  According to a report by CoinDesk, India has announced a first-of-its kind measure for the nation to impose a flat tax on cryptoasset income in response to the massive increase in […]

Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’

A former U.S. government regulator turned crypto adviser claims that Bitcoin is “absolutely a tool for social justice”. Speaking in an interview with Yahoo Finance, Charlene Fadirepo, a former audit manager at the Federal Reserve Board of Governors, said that Bitcoin is “absolutely a tool for social justice,” particularly in relation to Black Americans. Fadirepo, […]

Charles Schwab CEO: ‘Crypto Is Hard To Ignore’

In an interview on Wednesday (January 19), Walter W. Bettinger II, the CEO of Charles Schwab Corporation (NYSE: SCHW) — which is “the largest publicly traded investment services firm in the United States”) — shared his thoughts on crypto. Bettinger has been CEO of Schwab since late 2008 and he was President from 2007 to […]

Singapore Bans Crypto ATMs, UK Promises To Clamp Down on Misleading Crypto Ads

On Monday (January 17), the financial regulator of one of the world’s most crypto-friendly nations, the Monetary Authority of Singapore (“MAS”), published PS-G02, which was titled “Guidelines on Provision of Digital Payment Token Services to the Public”. In the Introduction part of this document, the MAS pointed out that it has “consistently warned the public […]

Ripple CEO Says 2021 Was His Firm’s Strongest Year Despite SEC Lawsuit

Ripple CEO Brad Garlinghouse say 2021 was the FinTech firm’s strongest year ever despite the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).  In a series of tweets sent out on December 22, Garlinghouse called 2021 a “watershed year for crypto,” noting that acceptance and awareness for digital assets is providing […]

SEC’s XRP Lawsuit: Crypto Analyst Says “We Should All Be Rooting for Ripple To Win”

In a recent video full of interesting predictions for 2022, prominent New Zealand based crypto analyst and influencer Lark Davis explained to the over 476K subscribers of his YouTube channel why the crypto community should be “rooting for Ripple to win” the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against the Californian […]

Former Goldman Exec Says XRP Has ‘Use Cases’ and ‘Phenomenal Risk/Reward’ Ratio

In a recent interview, former Goldman Sachs executive Raoul Pal explained why he has invested in XRP shortly after the U.S. Securities and Exchange Commission (SEC) brought a lawsuit against Californian FinTech firm Ripple over the allegedly illegal sales of XRP (which it considers to be an unregistered security). Prior to founding macro economic and investment […]

Ripple Proposes a ‘Real Approach’ to Cryptocurrency Regulation

San Francisco-based FinTech firm Ripple recently explained “how existing financial regulatory frameworks can be usedto advance innovation and enhance consumer and market protections.” In a three page document published by Ripple, the Californian firm described its “vision of a pragmatic regulatory framework for cryptocurrencies, blockchain-enabled payments and digital assets.” Ripple mentioned that it hopes for […]

FDIC Chair Says U.S. Banks Should Be Allowed to Hold Crypto

Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams said earlier this week that U.S. banks should be allowed to hold cryptoassets. The Federal Deposit Insurance Corporation (FDIC) is “an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.” To achieve its goals, the FDIC “insures deposits; examines and […]

Mike Novogratz: $XRP Community ‘Damn Resilient’ in the Face of SEC’s Lawsuit

Billionaire investor Mike Novogratz  says a “new phenomenon” of community resilience has led XRP’s price to triple despite an ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC).  Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain […]

Shark Tank Star Kevin O’Leary Explains How the U.S. Will Regulate Stablecoins

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently talked about how he thinks the U.S. will regulate stablecoins in the future. In an interview with Kitco News on October 6, O’Leary said he was open to crypto regulations and welcomed the input of government bodies to provide institutional investors with […]

What SEC Chair Gary Gensler Is Saying About Crypto and How It Should Be Regulated

The U.S. Securities and Exchange Commission (“the SEC”) Chairman Gary Gensler has expressed his thoughts on the crypto space quite a few times since he was sworn into office on April 17. Gensler was nominated by President Joe Biden to Chair the U.S. SEC on February 3, confirmed by the U.S. Senate on April 14, […]

How Texas Is Planning to Become a Leader in the Use of Blockchain Technology and Cryptocurrency

The state of Texas is reportedly aiming to become a world leader in blockchain technology in general and cryptoasset mining in particular following the latest crypto crackdown in China.  According to a report by Forbes published yesterday (October 2), former U.S. Army Captain Lee Bratcher, who is the Founder and President of the Texas Blockchain […]

Shark Tank Star Predicts Bitcoin ETFs Will Lead to Trillion Dollar Inflow

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently predicted that a trillion dollars could flow into Bitcoin with the approval of an exchange-traded fund (ETF).  Speaking in an interview with CNBC, O’Leary said the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin ETF could lead to “another trillion dollars” […]

El Salvador: Bitcoin Day ‘One Giant Leap for Mankind’? Starbucks Accepts BTC Lightning Payments

On 7 September 2021, also known as “Bitcoin Day” in El Salvador, Bitcoin became legal tender in the small Central American. Bitcoin advocate Jack Mallers called this day “One small step for Bitcoin, one giant leap for mankind.” So how did we get here? It all started on June 5 when Zap Solutions (a Bitcoin […]

El Salvador: ‘Buying the Dip’, McDonald’s Accepting Bitcoin via Lightning Network

Three months ago, this small Central American nation passed a bill to make Bitcoin legal tender. Today, that law became effective, and President Nayib Bukele announced that his country had taken advantage of the flash crash to buy more Bitcoin. It all started on June 5 when Zap Solutions (a Bitcoin payments startup that uses […]

U.S. SEC Signs Deal With Blockchain Firm To ‘Analyze and Trace Smart Contracts’

The U.S. Securities and Exchange Commission (SEC) has reportedly signed a six-figure deal with a blockchain analytics startup AnChain.AI in order to be able to better monitor and regulate the fats-growing decentralized finance (DeFi) space. AnChain.AI was founded by Dr. Victor Fang (who is the CEO) and Ben Woo (who is the COO). Fang, who […]

SEC Chair Wants ‘Additional Plenary Authority’ To Regulate Crypto Trading and Lending

On Wednesday (August 11), American attorney John E. Deaton, the Managing Partner of the Deaton Law Firm, as well as the Founder of CryptoLaw, talked about the significance of the recent written communication between Senator Elizabeth Warren and Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler was nominated (on 3 […]

U.S. Senate Fails To Give Crypto Industry Amendment to Infrastructure Bill. Now What?

On Monday (August 9), Jerry Brito, Executive Director at the DC-based crypto think tank Coin Center, delivered the bad news that the U.S. Senate had failed to amend the wording of the crypto tax reporting section of the infrastructure bill. Earlier in the day, U.S. Senators Rob Portman (R-OH), Mark Warner (D-VA), Pat Toomey (R-PA), Kyrsten Sinema […]

SEC Chairman Calls on U.S. Congress to Grant Increased Crypto Oversight

The U.S. Securities and Exchange Commission (SEC) Chairman has called upon Congress for additional legislative authority in order to protect cryptoasset investors.  Speaking at the Aspen Security Forum, SEC Chair Gary Gensler outlined his views on digital assets and the crypto industry, saying that investors needed more protection.  Gensler, who taught a course on blockchain […]

U.S. Lawyer on SEC’s Lawsuit Against Ripple Over Sale of XRP: ‘This Is a War’

Late last week, American attorney James K. Filan, who has been following the SEC’s lawsuit against Ripple, explained to XRP HODLers and other interested parities why they should not be expecting some kind of settlement any time soon. Filan is the founder of Filan LLC. He “represents individual and corporate clients in federal white collar […]

What Binance Is Doing To Be More Compliant With Local Regulations

On Tuesday (July 27), crypto exchange Binance announced a number of steps it is taking to improve the company’s regulatory compliance. It should be noted that this is just the start and that Binance plans to do even more in the future to make financial regulators around the world happy. Here are the measures that […]

Ripple Handed a ‘Gift’ That Could Help Them Win Against the SEC, Says American Attorney

Jeremy Hogan, a partner at the American law firm Hogan & Hogan, says a recent public statement by two “brave” members of the U.S. Securities and Exchange Commission (SEC) could help Ripple win the lawsuit filed against them by the SEC in December 2020. On 22 December 2020, the SEC announced that it had “filed an action […]

Former CFTC Chair: ‘A Bitcoin ETF Would Be Good for Investors and Regulators’

On Wednesday (July 7), Timothy Massad, who served as the Chairman of the Commodity Futures Trading Commission (CFTC) under President Obma, said that granting conditional approval to a Bitcoin exchange-traded fund (ETF) would help both investors and the crypto industry. Here is what Massad wrote in an op-ed piece (published yesterday) for Bloomberg about the […]

Bitwise CEO on Crypto: Regulation Is ‘The Single Biggest Driver of the Bull Market’

On Tuesday (June 29), Matt Hougan, CIO at Bitwise Asset Management, the world’s largest crypto index fund manager, talked about the present and the future of the crypto markets. His comments about crypto were made during an interview on “Bloomberg Technology“, a daily news program on Bloomberg Television hosted by Emily Chang. Below are a […]

Bitcoin Becoming Legal Tender in Paraguay? ‘Impossible’, Says Congressman

On Friday (June 25), Paraguayan congressman Carlos Rejala, who on June 17 got the crypto community excited when he tweeted about upcoming Bitcoin-related legislation, now says that he was not talking about making Bitcoin legal tender in his country. According to a report by Reuters, El Salvador President Nayib Bukele announced during a national address on Thursday (June 24) […]

Bitcoin and Open Banking Pioneer ‘Mode Global Holdings’ Achieves Major Milestone

On Thursday (June 24), FinTech group Mode Global Holdings (“Mode”) announced that it had become the only company listed in the London Stock Exchange (LSE) to receive from the UK’s financial regulator an Electronic Money Institution (EMI) licence and an AMLD5 registration. This article explains why this is important for both Mode and its customers. […]

Millions of People in El Salvador Could Soon Receive Free Bitcoin

According to a report by Reuters, El Salvador President Nayib Bukele announced during a national address on Thursday (June 24) that the bill to make Bitcoin legal tender will become effective on September 7. As you may remember, the “Bitcoin Law” got passed by the Legislative Assembly on June 9. Here are a few highlights from President […]

Mike Novogratz on Bitcoin: ‘Less Happy’ Now Than When $BTC Was Above $60K, but ‘Not Nervous’

On Tuesday (June 22), the day that the Bitcoin price briefly fell below the psychologically-important $30K level, billionaire investor Mike Novogratz explained why his long-term bullishness on Bitcoin is justified. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and […]

VanEck CEO Explains Why the U.S. SEC ‘Should Approve a Bitcoin ETF’

On Tuesday (June 22), Jan F. van Eck, the President and CEO of global investment manager Van Eck Associates Corporation (“VanEck” for short), explained why it is important for the U.S. Securities and Exchange Commission (SEC) to “approve a Bitcoin ETF.” His comments came just six days after the SEC delayed for the second time […]

Denmark’s Largest Bank Clarifies Its Position on Crypto

On Friday (June 18), Copenhagen-headquartered Danske Bank A/S published an article to clarify its position on “trading and investing in cryptocurrencies”. The bank started this article by acknowledging the value in blockchain technology and cryptocurrencies: “Cryptocurrencies represent a significant digital innovation in financial services and we recognise that there is a significant global market for crypto […]

World Bank Says It Can’t Help El Salvador With Regard to Bitcoin

According to a report by Reuters, the World Bank says it cannot help El Salvador with the implementation of Bitcoin as legal tender. On June 9, the proposed bill to make Bitcoin legal tender in the small Central American nation got passed by the Legislative Assembly (with 62 out 84 voting in favor of it). […]

Dutch Finance Minister on Crypto: ‘Supervision Is More Effective Than a Total Ban’

Last week, Dr. Pieter Hasekamp, the Director of the CPB Netherlands Bureau for Economic Policy Analysis (“CPB” for short) called for a complete ban on crypto; however, finance minister Wopke Hoekstra does not agree. Here is a little information about the CPB and its goals: “Literally translated, CPB stands for ‘Central Planning Bureau’. This has […]

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