Regulation

The U.S. Accountability Office (GAO) has issued a report titled “Blockchain in Finance,” highlighting the significant regulatory gaps in the crypto industry. The report emphasizes the need for a government-wide approach to address these gaps in order to prevent them from becoming a risk to financial stability. While blockchain technology offers benefits like cheaper and

An ongoing debate has emerged in the cryptocurrency community regarding the introduction of the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE) in the Senate. This bill aims to establish strict regulations for individuals involved in decentralized finance (DeFi). While the bipartisan bill has gained support from Democratic senators Jack Reed and Mark Warner, as

The recent rejection by Andrew Griffith, U.K’s Economic Secretary to the Treasury, of the Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling has sparked a debate regarding the appropriate regulatory framework for this industry. In a response published on July 20, Griffith highlighted the potential conflicts with international regulators and the need

In a significant blow to Prime Trust, a leading crypto custodian, Nevada courts have ordered the company into temporary receivership. This announcement, made on July 18, comes as Prime Trust faces financial troubles. The Eighth Judicial District Court of Nevada has approved a petition from the Nevada Financial Institutions Division (NFID), which will result in

Republican Congressman Glenn Thompson (R-PA) is preparing to present his new cryptocurrency bill in the House of Commons, expecting that the recent Ripple ruling will help garner support from Democrats. The court ruling issued last week stated that the sale of Ripple’s XRP to the general public does not qualify as securities sales, which has

Cryptocurrency regulation in the United States has been a subject of much debate and uncertainty for years. However, a recent landmark ruling by Judge Analisa Torres has provided some much-needed clarity. In response to this ruling, U.S. lawmaker Ritchie Torres has called on the Securities and Exchange Commission (SEC) to rethink its approach to regulating

The United Kingdom (UK) has set its sights on becoming a global leader in artificial intelligence (AI). However, experts argue that in order to achieve this vision, effective regulation is crucial. A recent report from the Ada Lovelace Institute delves into the strengths and weaknesses of the UK’s proposed AI governance model, shedding light on

The Financial Stability Board (FSB) has recently finalized its global regulatory framework for crypto-asset activities. This framework aims to address the intrinsic volatility and structural vulnerabilities of crypto-assets and related players. It also acknowledges the potential risk that collapses in the industry can have on the broader financial market. To mitigate this threat, the FSB

Republican Presidential candidate Ron DeSantis, a prominent figure in American politics, has made a bold claim in regards to central bank digital currency (CBDC). DeSantis firmly stated that if he were to be elected president, he would immediately block the implementation of CBDC in the United States. In an interview with Blaze Media on July

In an intriguing turn of events, an individual representing Binance customers, who goes by the name Eeon, recently tried to enter an ongoing securities case involving the exchange company. This move came after the U.S. Securities and Exchange Commission (SEC) filed charges against Binance on June 5. It seems that Eeon and the affected customers