Mike Selig, a lawyer with strong ties to the crypto world, is on track to become the sole leader of the Commodity Futures Trading Commission (CFTC). This is a big deal because the CFTC is responsible for overseeing financial markets, including the rapidly growing crypto industry. Selig has worked with many crypto clients, from big investment firms to smaller startup...
Khurram Dara, a former lawyer for Coinbase and Bain Capital Crypto, is making a bold move. He's running for New York's Attorney General, aiming to shake up the state's approach to the crypto industry. Dara believes the current Attorney General, Letitia James, has been too tough on crypto companies, driving up costs for New Yorkers. Dara's campaign is not without its...
Franklin Templeton, a well-known name in finance, has jumped into the XRP game. They just launched an ETF called the Franklin XRP Trust (XRPZ) on the NYSE Arca. This means investors can now get their hands on XRP through a regulated product. Franklin isn't the only one doing this. Other big players like Bitwise, Grayscale, and Canary Capital are already in the mix. ...
India has a lot of crypto users, over 100 million, but the rules around it are not very clear. Right now, the main rules are about taxes and stopping money laundering, but they don't do much to protect the people using crypto. There are talks about making new rules that could make the crypto world safer and more stable. One big problem is that there are no clear rul...
Crypto is a hot topic in Congress right now. With less than 40 days left in the year, lawmakers have a lot to tackle. They need to confirm new leaders for financial agencies and figure out how to regulate the crypto market. The Senate has been busy. They just advanced Mike Selig's nomination to lead the Commodity Futures Trading Commission (CFTC). If approved, he'll...
Japan is making some big changes to how it handles cryptocurrency. The Financial Services Agency (FSA) is working on a plan to treat digital assets like Bitcoin and Ethereum as financial products, similar to stocks and investment funds. This change could happen as early as 2026 and would bring a flat 20% tax on crypto gains, which is a big drop from the current rates...
Japan is shaking things up in the crypto world. The Financial Services Agency (FSA) wants to reclassify digital currencies as "financial products. " This move aims to bring crypto under stricter rules, similar to stocks and bonds. Currently, crypto is treated differently. The FSA plans to make exchanges share more details about the 105 cryptocurrencies they list. Th...
Small banks in the U. S. are raising concerns about Sony's plans to enter the crypto world. They think Sony is trying to get around some important banking rules. Sony wants to create a new company called Connectia Trust. This company would deal with digital money, like stablecoins. Stablecoins are a type of cryptocurrency that is tied to the value of the U. S. dollar...
Brazil is taking strong steps to tackle illegal activities involving cryptocurrencies. The government and the central bank have put forward new rules to address this issue. The central bank's proposal aims to make it easier to monitor and regulate stablecoins, which are digital currencies tied to traditional money like the U. S. dollar. This new rule would require ex...
The head of the Securities and Exchange Commission, Paul Atkins, recently shared his thoughts on crypto rules. He wants to make things easier for crypto assets that are part of investment deals. Atkins believes that certain types of crypto, like digital commodities, network tokens, digital collectibles, and digital tools, should not be treated as securities. However,...