Adrienne Harris, who led the New York Department of Financial Services (NYDFS) for four years, has decided to step down. She expressed gratitude for the opportunity to serve and highlighted the department's growth under her leadership. In her final interview, Harris backed the idea of a US-UK crypto passporting scheme. This system would allow companies regulated in ...
Hong Kong is making waves in the crypto world again. This time, the Hong Kong Monetary Authority (HKMA) is looking to make it easier for banks to hold cryptocurrencies. They've put out a draft plan for public feedback, aiming to relax the rules on how much capital banks need to keep when they hold crypto assets. The idea is simple: if banks can show they have good r...
A big group of crypto supporters, including investors and developers, just sent a strong message to the U. S. Senate. They want clear rules to protect people who create open-source software. Without these protections, they say, the U. S. might lose its edge in the crypto world. The letter, signed by over 110 groups, points out that the U. S. is already losing develo...
In a landmark case, Roman Storm, the co-founder of Tornado Cash, faced a mixed verdict. The jury found him guilty of running an unlicensed money-transmitting business but couldn't agree on more serious charges like money laundering and violating sanctions. This split decision is significant. It shows that while the U. S. is cracking down on crypto privacy tools, the ...
The US House made a big move on Thursday. They passed a law about stablecoins, a type of cryptocurrency. This law is the first of its kind. It aims to control how stablecoins work in the US. The vote was 308 to 122. Stablecoins are different from other cryptocurrencies. Their value is tied to something steady, like the US dollar. This makes them less likely to chang...
Ether, the second-largest cryptocurrency, had a strong week. It reached its highest price since January, trading at around $3, 506. 48. This surge came as President Donald Trump signed the GENIUS Act into law, a big deal for the crypto world. Ether's rise was notable because it outperformed bitcoin and its related stocks. For the first time, ether ETFs saw more mone...
In a major move, the President has just signed the GENIUS Act into law. This new legislation is a big deal for the crypto world, especially for stablecoins. Stablecoins are a type of cryptocurrency that are less risky because their value is tied to real assets, like the U. S. dollar. The GENIUS Act sets up rules and protections for these digital currencies, making it...
In a surprising turn of events, several cryptocurrency regulation bills supported by former President Donald Trump faced a setback in the House of Representatives. The bills did not gain enough support to proceed to the next stage, with a vote tally of 196 in favor and 223 against. This outcome was unexpected, as the bills were widely anticipated to pass. The failur...
In a surprising turn of events, a planned "crypto week" in the House of Representatives hit a snag. A group of Republicans joined forces with Democrats to block a procedural vote, preventing three cryptocurrency bills from advancing. This unexpected move caught many off guard, including President Donald Trump, who had been pushing hard for the bills' passage. The st...
The House of Representatives is diving headfirst into the world of cryptocurrency. This week is all about crypto, with a bunch of bills that could change how people handle their money. It's a big deal because crypto has moved from the sidelines to the center stage of politics. One of the main bills is about stablecoins. These are digital coins that are tied to the d...