US Treasury Secretary Scott Bessent told lawmakers that the gap between traditional banking and crypto may shrink over time. Speaking before the Senate Banking Committee, he said banks and crypto firms could eventually offer similar financial products as digital assets become more integrated into the financial system. Bessent made the
A US court has allowed an insider trading lawsuit against Coinbase executives, including CEO Brian Armstrong, to proceed. The plaintiffs claim that the company’s executives sold their shares while in possession of non-public information about the potential risks to the company’s stock price due to regulatory issues. The case does
Binance is intensifying its push into South Korea by strengthening its position around local exchange Gopax and the GoFi ecosystem. The move signals a calculated effort to gain a stronger footing in one of Asia’s most tightly regulated yet highly active crypto markets. This is happening at a time when
South Korea has adopted broad new licensing regulations for the crypto industry, marking a clear turning point in the regulation of digital assets. The government believes that the crypto industry should be regulated as a whole, rather than being supervised in a piecemeal fashion. This development is part of the
Russia is set to introduce a comprehensive framework for crypto in July, which is one of the most organized efforts by Russia to regulate cryptocurrencies. The government is working to ensure that all crypto-related activities are regulated within a legal framework and do not operate in a gray zone. This
Republican Senator Roger Marshall intends to put his proposed credit card swipe fees amendment on the back burner as the Senate Agriculture Committee gears up for a markup of a significant crypto market structure bill. Legislators are determined to keep the bill’s scope on digital asset regulation rather than financial
Kalshi, a prediction markets platform that is regulated by the Commodity Futures Trading Commission (CFTC), has launched a new office in Washington, D.C. to enhance its government relations and policy initiatives in the United States. The new office is part of Kalshi’s efforts to engage with federal and state policymakers
Coinbase’s withdrawal from the Digital Asset Market Clarity Act effort is leading to a degree of political backlash in Washington, and the crypto regulation bill currently deemed to have the most potential is losing steam. It is indicative of how easy it is for crypto regulation wins to slip through
A Hong Kong securities industry group has pushed back against key parts of the city’s proposed regulatory framework for virtual asset management, warning that the plan could discourage traditional asset managers from gaining exposure to cryptocurrencies. In a Tuesday submission to regulators, the Hong Kong Securities and Futures Professionals Association
Binance Australia has resumed Australian dollar (AUD) deposits and withdrawals, which had been suspended for almost two years in mid-2023 as the exchange was subjected to pressure and banking issues. Binance Australia resumed the service for its verified customers in January 2026, as reported in various news articles on January
