Regulation

Galaxy Digital Holdings Inc. (OTCPK:BRPHF) CEO Mike Novogratz voiced his concerns about the US regulatory environment for the crypto industry in a recent interview. According to what Novogratz said in his interview with The Block’s East Coast Managing Editor Nathan Crooks, the crypto industry is “under assault” by U.S. regulators. The Galaxy Digital CEO believes that […]

On March 31, John Deaton, a well-known attorney closely monitoring the U.S. SEC’s lawsuit against FinTech firm Ripple, shared his latest insights on the ongoing case. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory developments for digital asset holders, and the host of […]

Popular cryptocurrency exchange Bittrex has announced that it will wind down its U.S. operations due to the challenging regulatory and economic environment. Founded in 2013 by Bill Shihara, Richie Lai, and Rami Kawach, Bittrex has been a prominent player in the crypto space. However, this decision does not impact Bittrex Global, the international arm of […]

Cardano Foundation CEO Frederik Gregaard recently traveled to London, where he engaged with influential policymakers and stakeholders invested in the UK’s blockchain future. The Cardano Foundation is an independent, non-profit organization dedicated to supporting and promoting the Cardano blockchain ecosystem. Its primary goals are to drive the adoption of the Cardano platform, shape legislation and […]

Real Vision CEO and former Goldman Sachs executive Raoul Pal recently offered his perspective on the future of the global crypto industry. Before founding the macroeconomic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man […]

On Friday (March 24),  Charles Hoskinson, who is Co-Founder and CEO of IO Global (“IOG”), the company responsible for Cardano’s research and development, expressed his support for Messari Co-Founder Ryan Selkis’ recent open letter to U.S. Congressional leaders, which called for effective crypto legislation. Ryan Selkis, Co-Founder of Mesari, recently sent a letter to several U.S. Congressional […]

The crypto community has been reacting to news that the U.S. Securities and Exchange Commission’s Division of Enforcement sent a Wells Notice to Coinbase on Wednesday (March 22). According to Thomson Reuters’ Practical Law website, here is what a Wells Notice means: “A notice enforcement attorneys of financial industry regulators, including the Securities and Exchange […]

The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency entrepreneur Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent) for the unregistered offer and sale of Tronix ($TRX) and BitTorrent ($BTT) crypto asset securities. According to a press release issued by the SEC earlier today, Sun and his companies are […]

Coinbase, a leading cryptocurrency exchange, announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC), signaling that the regulatory body may take enforcement action against the company. According to a blog post published by Coinbase earlier today, this notice comes after a brief investigation into unspecified digital assets listed […]

In an op-ed piece published on CNBC, Former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, explores the ongoing debate surrounding the regulation of the blockchain and cryptocurrency industries. He believes the “too little, too much, or just right” approach to regulation is overly […]

On Monday (March 20), Coinbase, a leading U.S.-based cryptocurrency exchange, submitted a petition to the U.S. Securities and Exchange Commission (SEC) requesting a reevaluation of the notion that staking services should be uniformly considered securities. The petition follows a recent SEC settlement with Kraken, a cryptocurrency exchange, regarding its staking services, which the SEC claims […]

Coinbase, a leading cryptocurrency platform, has praised the UK government’s proactive approach towards the crypto industry in a recent blog post. The UK government has launched the “Future financial services regulatory regime for cryptoassets” consultation to provide regulatory clarity, drive innovation, and prioritize consumer protection. Coinbase’s blog post highlights the potential for the UK to […]

New data controls may require smart contracts to include kill switches, sparking debate among experts and the Web3 community. According to a report by CoinDesk, in a recent development, the European Parliament has given the green light to new data regulations that could potentially necessitate the incorporation of kill switches in smart contracts to halt […]

On Thursday (23 February 2023), the International Monetary Fund (IMF) issued a press release on crypto assets that has some crypto enthusiasts worried. The IMF, established on 27 December 1945, “works to achieve sustainable growth and prosperity for all of its 190 member countries” by “supporting economic policies that promote financial stability and monetary cooperation, which are essential […]

Late last week, Paul Grewal, Chief Legal Officer at Coinbase, shared his thoughts on the recent settlement between the U.S. Securities and Exchange Commission (SEC) and crypto exchange Kraken over the latter’s staking program. On 9 February 2023, the U.S. Securities and Exchange Commission (SEC) issued a press release about Kraken that stated: “The Securities and Exchange […]

Last Friday (10 February 2023), Charles Hoskinson, Co-Founder and CEO at Input Output Global (“IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), shared his thoughts on the U.S. SEC’s stance on crypto staking and how they might impact $ETH or $ADA. On 9 February 2023, the U.S. Securities and Exchange Commission (SEC) issued a press […]

Last week, Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), criticized the agency for the decision to force crypto exchange Kraken to shut down its crypto staking services for all U.S. clients. On 9 February 2023, Kraken announced in a blog post that it had agreed to shut down its crypto staking services for […]

In a recent CNBC interview, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), explained why the SEC forced crypto exchange Kraken to end its crypto staking services for U.S. clients. Last Friday (10 February 2023), Gensler told Andrew Ross Sorkin, co-anchor of CNBC’s “Squawk Box” that any crypto firm that is […]

On Thursday (9 February 2023), Ripple CEO Brad Garlinghouse commented on the exciting developments in the regulation of the cryptocurrency industry worldwide. In a Twitter thread posted yesterday, Garlinghouse noted that while the US lags behind, countries such as Dubai, Australia, the UK, South Korea, and Brazil have taken significant steps to clarify and support […]

On Wednesday (February 8), Coinbase Co-Founder and CEO Brian Armstrong expressed his worries about rumors of the U.S. Securities and Exchange Commission (SEC) considering a ban on crypto staking for retail investors. Armstrong believes that such a ban would have a negative impact on the growth of the crypto industry in the U.S. Crypto staking, […]

Although the XRP community seems to believe that the U.S. SEC’s lawsuit against Ripple does not go to verdict, American lawyer John Deaton, the owner of the Deaton Law Firm, now thinks that “we will get a decision by Judge Torres.” As you may remember, on 22 December 2020, the SEC announced that it had “filed an action […]

In a recent interview, Sir Jon Cunliffe, Deputy Governor for Financial Stability at Bank of England (BoE), shared his thoughts on crypto and how it should be regulated. According to his BoE bio, Sir Jon Cunliffe “became Deputy Governor for Financial Stability on 1 November 2013.” He is “a member of the Bank’s Financial Policy and Monetary […]

Brazil President Jair Bolsonaro has signed into law a bill that “provides for the inclusion of virtual currencies and air mileage programs in the definition of ‘payment arrangements’ under the supervision of the Central Bank.” This bill was passed by Brazil’s Chamber of Deputies on 29 November 2022. The Brazilian Parliament, which is called the National […]

Earlier this week, Brian Armstrong, Co-Founder and CEO of crypto exchange Coinbase, shared his thoughts on crypto regulation in the U.S. In a blog post published on 19 December 2022, Armstrong said that, in the wake of the collapse of crypto exchange FTX, the U.S. and other major jurisdictions needed to take the aforementioned steps […]

During a recent interview, U.S. Senator Jon Tester (D-MT) shared his thoughts on crypto. Tester’s comments about crypto were made in response to a question by Chuck Todd, the host of NBC’s “Meet the Press” program. When Todd asked Tester if crypto should be banned or regulated, the senior senator of Montana replied: “Look, one […]

On Wednesday (14 December 2022), U.S. Senator Cynthia Lummis (R-WY) explained during a hearing of the Senate Banking Committee that the failure of FTX does not mean that crypto is guilty since fraud is fraud regardless of how it is committed. According to a press release issued on 7 June 2022, “U.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture […]

On Wednesday (14 December 2022), U.S. Senator Pat Toomey (R-PA) explained during a hearing of the Senate Banking Committee that what caused the collapse of FTX was not crypto but the exchange’s bad behavior. Toomey’s comments were made during the “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers” hearing of the U.S. Senate Committee on Banking, […]

Recently, Dr. Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB), talked about crypto finance during a speech given at the Insight Summit held at the London Business School (LSB). Panetta, whose speech was titled “Crypto dominos: the bursting crypto bubbles and the destiny of digital finance”, mentioned that we […]

The latest comments about altcoins from Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), makes U.S. SEC Chair Gary Gensler look quite crypto-friendly by comparison. This is because although Gesler has said on several occasions that Bitcoin is definitely a commodity while most altcoins are unregistered securities, Saylor seems […]

On 4 December 2022, entrepreneur David Gokhshtein, who is Founder and Chairman of crypto-focused media outlet Gokhshtein Media, predicted victory for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (“SEC”). 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 […]

On Tuesday (29 November 2022), Brazil’s Chamber of Deputies passed a bill that “provides for the inclusion of virtual currencies and air mileage programs in the definition of ‘payment arrangements’ under the supervision of the Central Bank.” The Brazilian Parliament, which is called the National Congress, is composed of the Chamber of Deputies and the Federal […]

On Wednesday (30 November 2022), Ulrich Bindseil, who is Director General for Market Infrastructure and Payments (DG-MIP) at the European Central Bank (ECB), shared his thoughts on Bitcoin. The ECB is “the central bank of the European Union countries which use the euro.” Its main purpose is “to maintain price stability”, which it tries to […]

On Monday (21 November 2022), Sir Jon Cunliffe, Deputy Governor for Financial Stability at Bank of England (BoE), shared his thoughts on crypto and its regulation during a speech given at Warwick Business School’s Gilmore Centre Policy Forum Conference on DeFi & Digital Currencies. According to his BoE bio, Sir Jon Cunliffe “became Deputy Governor […]

Last week, at the 17th G20 Heads of State and Government Summit, which was held November 15-16, 2022 in Bali, Indonesia, the world leaders present made a joint declaration that had some interesting things to say about the “crypto-assets ecosystem”. In a joint declaration released by the White House on 16 November 2022, the G20 […]

In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation, which is “what’s necessary to build back confidence for people.” According to a report by The Daily Hodl, the outgoing CEO […]

U.S. Treasury Secretary Dr. Janet Yellen has spoken out on regulation of crypto markets in the wake of the recent collapse of crypto exchange FTX. On 11 November 2022, FTX issued the following press release: And here is how — on the same day — Sam Bankerman-Fried (aka “SBF”) announced the collapse of the FTX empire: The […]

Stuart Alderoty, who is FinTech firm Ripple’s General Counsel, says that although his firm still has quite a lot of employees inside the U.S. (presumably since the headquarters are in San Francisco), it is “effectively” operating outside the U.S. On 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and […]

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“), who was also an investor in and spokesperson for insolvent crypto exchange FTX.com, shared his thoughts on crypto. On 10 August 2021, FTX Trading Ltd. (“FTX.com”) and West Realm Shires Services Inc. (“FTX.US”) owners and operators of FTX.COM and FTX.US respectively (collectively “FTX”), […]

Recently, U.S. Congressman Brad Sherman (D-CA), who is one of the biggest crypto skeptics in Washington, D.C., pointed a finger at what he calls “billionaire crypto bros” for the delay in digital asset regulation.  Congressman Sherman, who was “born and raised in southern California” is “currently serving his thirteenth term in Congress and has served in the House […]

On Monday (14 November 2022), Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano’s R&D, talked about why he believes the U.S. SEC decided to allege that $XRP is a security instead of $ETH. on 14 June 2018, William Hinman, the director of the Division of Corporation […]

In a recent speech, Martin J. Gruenberg, who has been the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors since 5 February 2022, shared his thoughts on “the prudential regulation of crypto–assets.” Here is how Wikipedia describes the FDIC: “The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that […]

On Friday (October 28), Jake Chervinsky, who is Executive Vice President and Head of Policy at Blockchain Association, Advisor at Variant Fund, and Board Member at DeFi Education Fund, explained why the U.S. SEC’s views are “wrong as a matter of law and policy.” As you may remember, on 22 December 2020, the SEC announced that it […]

During a recent Twitter Spaces discussion hosted by American law firm BakerHostetler, Cardano ($ADA) founder Charles Hoskinson talked about his frustration with the lack of regulatory clarity in the U.S. Hoskinson, who is Co-Founder and CEO of Input Output Global (“IOG),  the blockchain technology firm behind Cardano’s R&D, told Perianne Boring, who is the Founder and […]

In a recent interview, Deborah McCrimmon, who is Vice President of Litigation and Employment at Ripple, talked about the U.S. SEC’s ongoing lawsuit against Ripple. 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 executives, who are also significant security holders, […]

On Friday (October 21), Kristin Smith, who is the Executive Director of Washington, D.C. based Blockchain Association (which represents “the reputable leaders of the US blockchain and cryptocurrency industry”), explained in a recent interview why the Bitcoin price has been so stable over the past few months. Here is her bio: “Kristin runs the Blockchain Association, […]

On Saturday (October 15), Ripple Labs CEO Brad Garlinghouse expressed how he feels about the U.S. SEC’s ongoing lawsuit against his firm. 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 executives, who are also significant security holders, alleging that they […]

On Thursday (October 13), Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano’s R&D, explained the importance of having regulation that appreciates the benefits offered by cryptocurrencies. According to a report by The Daily Hodl, the IOG CEO said: “It’s necessary for us to get [to] the […]

Earlier this week, Jake Chervinsky, Executive Vice President and Head of Policy at Blockchain Association, Advisor at Variant Fund, and Board Member at DeFi Education Fund — along with Rodrigo Seira and Amy Aixi Zhang, who are Crypto Counsel and Policy Counsel at Paradigm, dismissed the notion that “staking somehow makes ETH a security.” On […]

On Saturday (October 8), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), shared his latest thoughts on crypto regulation in general and the U.S. SEC’s lawsuit against Ripple Labs in particular. As you may remember, on 22 December 2020, the SEC announced that it had “filed an action against […]

On Monday (October 3), gold bug Peter Schiff said that instead of going after Kim Kardashian, the U.S Securities and Exchange Commission (“SEC”) should have charged “the real pumpers” like MicroStrategy Co-Founder and Executive Chairman Michael Saylor. Bitcoin perma-bear Peter Schiff, who is one of Bitcoin’s harshest critics, is the CEO of Euro Pacific Capital, a full-service, […]

The U.S Securities and Exchange Commission (“SEC”) announced on Monday (October 3) that it had brought charges against American media personality and entrepreneur Kim Kardashian for alleged promotion of cryptoasset $EMAX. The SEC’s press release stated that these charges were “for touting on social media a crypto asset security offered and sold by EthereumMax without […]

In a recent interview with Polish-American journalist Natalie Brunell, U.S. Senator Cynthia Lummis shared her thoughts on upcoming crypto regulation in the U.S. According to a press release issued on 7 June 2022, “U.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture Committee, and Cynthia Lummis (R-WY), member of the Senate Banking Committee, introduced the Responsible Financial Innovation […]

In a recent interview, billionaire investor and entrepreneur Mark Cuban talked about how non-fungible tokens (NFTs) could be useful in the book publishing industry (especially for textbooks). Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on […]

On Wednesday (September 28), Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), talked about regulation of the crypto market. Rostin Behnam, who was nominated by U.S. President Joe Biden, was “sworn in as the CFTC’s 15th Chairman on January 4, 2022 after being unanimously confirmed by the U.S. Senate.” Previously, he “served as CFTC Commissioner […]

On Monday (September 27), Federal Reserve Chairman Jerome Powell shared his thoughts on the regulation of the crypto industry during a speech at the Banque of France conference “Opportunities and challenges of the tokenisation of finance: which role for Central Banks?”. These comments were made at a roundtable (“How should central banks address financial stability challenges related to digitalization […]

Recently, crypto analyst Dr. Benjamin Cowen, who is the Founder and CEO of Into The Cryptoverse (ITC), expressed his concerns about the expected upcoming regulatory crackdown on crypto in the U.S. Cowen’s comments were made on September 16 during an interview on YouTube series “Digital Asset News”. According to a report by The Daily Hodl, […]

In a recent interview, Charles Hoskinson, Founder and Co-CEO of Input Output Global (“IOG”), the blockchain technology firm behind Cardano’s R&D, talked abut layer 2 (L2) scaling solution Hydra, which should launch in H1 2023. In a blog post published on 17 September 2021, Sebastien Nagel, Software Engineering Lead at IOG, said that one of the exciting […]

Earlier this week, at an event organised by Politico, Stuart Aldertoy, who is General Counsel at Ripple, talked about the detrimental effects of “regulatory hostility” toward crypto in the U.S. Aldertoy’s comments were made on September 20 during a conversation with Cally Baute, who is a Senior VP at Politico, at an event called “Writing […]

On Wednesday (September 21), Stuart Alderoty, who is General Counsel at Ripple, commented on the ongoing lawsuit (against Ripple) that was initiated in December 2019 by the U.S. Securities and Exchange Commission (SEC). Aldertoy, who has been Ripple’s General Counsel since January 2019, made his comments while speaking to CoinDesk TV’s flagship show “First Mover”. As […]

The president of crypto exchange FTX US outlined how his company is navigating the murky water of regulation, while arguing that the space needs greater clarity for digital asset listing. Speaking in a recent interview with The Block, FTX US President Brett Harrison explained how his company is working through the regulatory landscape of crypto […]