Ondo Finance, a firm involved in efforts to launch crypto-linked exchange-traded funds, donated $1 million on April 22 to support Donald Trump's 2024 campaign or inauguration fund. Following the generous donation, the SEC’s newly-formed crypto task force met on April 24. This meeting was just a continuing step in their...
Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. With a market capitalization of $238 billion, up from $152 billion the previous year, stablecoins are increasingly utilized for various applications, including cross-border payments and decentralized finance. Lawmakers are now...
Fresh legal issues for Coinbase, this time in Oregon. Oregon Attorney General Dan Rayfield sued, charging the exchange with selling unregistered securities to the state’s residents. Despite this seeming contradiction, the U.S. Securities and Exchange Commission (SEC) did just that when it recently stopped its federal case against Coinbase earlier...
In recognition of this, the Department of Justice (DOJ) recently released a memorandum. This step has ignited a spirited discussion about the broader direction of cryptocurrency regulation and enforcement. The memo serves as further evidence of a pronounced pivot by the DOJ towards heavy-handed enforcement in the crypto space. It...
With Pope Francis’s reign clearly winding down, speculation abounds as to who will succeed him. A conclave is expected to gather in the coming weeks to elect a new pontiff, a decision that will shape the future direction of the Catholic Church. The roster of likely contenders includes heavyweights like...
The United States has been trying to get stablecoins regulated. Each of these digital currencies has been created with the idea of maintaining that value. Proposed legislation such as the GENIUS Act and the STABLE Act are great examples of these efforts. Their goal is to address existing issues overcrowding...
The online crypto gambling scene is a fast-changing world, characterized by innovation, regulation, and changing player tastes. By 2025, the market has jumped to a projected $250 million. This is a whopping 400% jump up from the $50 million in 2019, demonstrating how quickly digital currencies have been adopted into...
Athena Bitcoin, a Miami-based company, operates three such cryptocurrency ATMs in Stillwater. Now they are encouraging the city to rescind its recently passed ordinance that prohibits these machines. The new parent company runs more than 3,500 cryptocurrency ATMs in 35 states. They’re adamant that the solution to scams involving these...
We know that Slovenia’s Finance Ministry is seriously discussing a new bill. If passed, it would levy a 25% tax on profits from trading cryptocurrency that residents make. The proposal would impose tax compliance obligations on traders at the point their cryptocurrency is converted to fiat currency or used to...
Under the terms of the proposal, Panama City’s municipal government would begin to accept payments in cryptocurrency for taxes, permits, fees, and other municipal services. This historic move makes Panama City the very first governmental public institution to adopt cryptocurrencies. Although citizens can pay their taxes with Bitcoin, Ethereum, and...
