Important takeaways Gary Gensler is leaving his position as SEC chairman after completing 100 crypto-related enforcement actions. Paul Atkins is nominated to succeed Gensler and may adopt a more lenient approach to crypto regulations. Gary Gensler defended the SEC’s crypto…
SEC Chairman Gary Gensler has reiterated his point critical view of the cryptocurrency industry when he will step down from the leadership role in less than two weeks. Appearing on Bloomberg TV on Wednesday, Gensler emphasized that the cryptocurrency market…
TLDR UK Treasury changes law to exclude crypto stake from collective investment classification, effective January 31 Changes specifically affect Ethereum and Solana staking, now recognized as blockchain validation processes Decision provides clarity in the regulatory framework for companies and individuals…
TLDR Backpack originally announced the purchase of FTX EU for $32.7 million FTX quickly clarified that no binding agreement was in place Backpack admitted the deal was not complete but denied misrepresentation The $32.7 million deal requires approval from creditors…
Key Street Shops Rostin Behnam will step down as CFTC chairman on January 20 after a tenure marked by high-profile enforcement actions in crypto and calls for stronger oversight. Behnam emphasizes the importance of disciplined regulation of digital assets and…
Key Street Shops Judge Failla has granted Coinbase an interlocutory appeal, allowing it to challenge the SEC’s claims at the Second Circuit Court of Appeals. The appeal raises significant questions about the application of securities law to digital assets, particularly…
TLDR Attorney John Deaton predicts that Ripple may launch an IPO by late 2025/early 2026, pending the confirmation of Paul Atkins as SEC Chairman The SEC must file an appeal brief by January 15, but Deaton believes the SEC will…
In order to address growing concerns about money laundering and terrorist financing related to cryptocurrencies, the Peruvian Presidency has issued a new decree. The decree mandates that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML)…
Key Street Shops Nasdaq ISE plans to increase IBIT options position and exercise limits by tenfold. The proposed change is driven by increased trading volumes and liquidity in IBIT. Nasdaq ISE, LLC (ISE), the Nasdaq-owned options exchange, recently submitted a…
The European Union (EU) is making significant progress in reforming its banking regulations, with a particular focus on bitcoin (BTC) and cryptocurrencies. The EU is now mandating banks to publicly disclose their holdings of crypto assets. This measure aims to…