Regulation

SEC Embraces "Meme Coin" Terminology Signaling Evolving Crypto Stance

SEC Embraces "Meme Coin" Terminology Signaling Evolving Crypto Stance

The Securities and Exchange Commission (SEC) has recently adopted the notion of “meme coin” to define a new class of cryptocurrencies. In the meantime, the shorter, one-word version “memecoin” remains common in use elsewhere. This new language usage is important. This is a telling sign that the SEC’s guidance, while...

Senator Ted Cruz Champions Crypto with Bill to Repeal IRS 'DeFi' Rule

Senator Ted Cruz Champions Crypto with Bill to Repeal IRS 'DeFi' Rule

Senator Ted Cruz is currently leading the most aggressive effort in favor of cryptocurrency in the history of the U.S. Senate. He recently led the charge for FEIC’s repeal of the IRS’s misguided ‘DeFi broker rule.’ In order to do so, he introduced a bill under the Congressional Review Act....

New York Considers Allowing Cryptocurrency Payments for State Obligations

New York Considers Allowing Cryptocurrency Payments for State Obligations

New York is contemplating a bill that would permit residents to utilize cryptocurrencies like Bitcoin and Ethereum for state-related payments, including taxes. The model legislation, dubbed Assembly Bill A7788, has been introduced by Assemblyman Clyde Vanel. Cryptocurrencies for any payments they need to make. This proposal could pave the way...

SEC Eyes Temporary Crypto Oversight Framework Amid Leadership Transition

SEC Eyes Temporary Crypto Oversight Framework Amid Leadership Transition

The US Securities and Exchange Commission (SEC) is considering a short-term crypto oversight framework, signaling a potential shift in the agency's approach to the digital asset industry. After three years, Gary Gensler has departed as the leader of the SEC. This is an exciting change, as it creates an opportunity...

Crypto Market Surges as Trump Signs Landmark Digital Asset Bill

Crypto Market Surges as Trump Signs Landmark Digital Asset Bill

The overall crypto market skyrocketed after now former President Trump signed the first cryptocurrency bill into law on April 10, 2025. This historically significant ruling created waves of optimism and excitement among investors and traders forward. Bitcoin (BTC) led the charge, surging by 5% to reach $72,500 by 10:30 AM...

US Senate Draft Bill Targets Crypto and AI Data Centers Over Emissions

US Senate Draft Bill Targets Crypto and AI Data Centers Over Emissions

Senate Democrats Sheldon Whitehouse and John Fetterman are taking the lead on a similar draft bill in the US Senate. Altogether, this bill addresses the environmental footprint of increasing energy use and helps shield families from skyrocketing energy expenses. The Clean Cloud Act targets data centers serving blockchain networks and...

New York Assembly Considers Cryptocurrency Payments for State Obligations

New York Assembly Considers Cryptocurrency Payments for State Obligations

The New York State Assembly is taking an important lead by considering Bill A7788. This legislative proposal would allow state agencies to begin accepting cryptocurrency payments. Assemblyman Clyde Vanel was the bill’s primary sponsor to amend the state’s usury laws. This amendment will pave the way for the state to...

Court Halts 18-State Lawsuit Against SEC Amid Leadership Transition

Court Halts 18-State Lawsuit Against SEC Amid Leadership Transition

A federal judge in Kentucky gave a 60-day stay in the case. This is the lawsuit brought by 18 state attorneys general and the DeFi Education Fund against the SEC. On April 16, 2025, Judge Gregory Van Tatenhove of the U.S. District Court for the Eastern District of Kentucky issued...