Our Digital Asset Subcommittee held a hearing to address the fast-paced evolution of the digital assets space. They reiterated the need for clear regulations — fast. Titled "American Innovation and the Future of Digital Assets On-Chain Tools for an Off-Chain World," the hearing brought together industry experts and policymakers to...
Binance, once entangled in a web of legal challenges, is now positioning itself as a key advisor to nations crafting their own cryptocurrency regulations. After weathering several rounds of litigation in Nigeria, Australia, and the United States, the digital asset exchange is fighting back. Most importantly, TNC is now positively...
The new Illinois Blockchain Business Development Act has ignited a firestorm and fostered intense debate in the cryptocurrency world. Still, experts and enthusiasts alike are excitedly speculating about its potential impact. On April 5th, legislators adopted the Act, sometimes referred to as the Crypto Consumer Protection Act. This legislation would...
The U.K.’s Chancellor of the Exchequer, Rachel Reeves, has promised a “radical action plan.” She has the goal of reducing the total regulatory cost to businesses by 25% while inadvertently igniting economic growth along the way. Fighting crypto crime In the United States, Senate Democrats are urging the Trump administration...
The Trump family is getting increasingly more active in the cryptocurrency space. This unprecedented participation is now inviting criticism and raising concerns of conflicts of interest, specially in light of recent deregulatory moves. Former President Donald Trump's vocal support for digital currencies, coupled with his family's crypto-related ventures, has sparked...
As the industry’s largest platform, Binance recently surpassed 250 million registered users. Having pulled out of the U.S. market over anti-money laundering (AML) violations, the company is now apparently in pursuit of a return. Further, Binance has been engaged in good faith negotiations regarding unresolved matters with the U.S. Treasury...
As the world’s fifth most populous country, Pakistan is at a crucial precipice in its budding relationship with cryptocurrency. The country has a largely young population of 241 million, reaping an enormous demographic dividend. Now, it is full steam ahead on exploring the potential of digital assets, past concerns be...
Usual has already launched a bug bounty program. They are putting an unprecedented $16 million bounty for anyone who finds severe vulnerabilities within their codebase. It was for many the largest bug bounty ever undertaken in technology history. As a result, it has shown the industry’s dedication to security, transparency,...
Stablecoins, digital assets designed to maintain a stable value, facilitated $15.6 trillion in transactions last year, marking a substantial increase in their use. With the continued expansion of the stablecoin market, Congress is clearly motivated to provide some regulatory clarity sooner than later. Senate Banking Committee has moved important legislation...
The United States Securities and Exchange Commission (SEC) is undergoing a radical transformation. It is moving away from stringent regulation towards a more cooperative, if still cautious, relationship with the cryptocurrency industry. Importantly, political changes and a recently announced internal reorganization within the agency have contributed to a renewed sense...