Regulation

Senator Lummis presents bill to insert crypto tax definitions to shield micro-payments, validation rewards

Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern...

SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight

Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay...

Ripple seeks a national bank charter approval to place RLUSD under state and federal oversight

Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2,...

SEC reportedly considering standard to fast-track crypto ETFs

The Securities and Exchange Commission (SEC) is working with US exchanges on a generic listing framework for token-based exchange-traded funds...

South Korea halts CBDC plans, shifting focus to bank-led stablecoins

Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus toward...

Circle targets federally regulated trust status to manage stablecoin reserves, offer custody services

Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves...

Senator Lummis announces OBBB crypto tax amendment while crypto advocates mobilize for approval

Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the...

FATF sounds alarm over rising stablecoin misuse as global crypto rules lag

The Financial Action Task Force (FATF) said in a report released this week that global efforts to regulate virtual assets...

Bitcoin’s rising political clout reshaping US elections

Bitcoin owners are becoming a significant voting group in the United States, and their influence is poised to grow ahead...
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