The vision of bringing clear regulatory policies for crypto, in particular for stablecoins, has finally become a reality today. Stablecoins are now a step closer to regulation, with 32 votes in favor of the STABLE Act bill. This acts as a significant step forward to regulate the broader crypto industry.
Regulation is a must for any fintech industry to grow and thrive in today’s financial ecosystem. Without clear rules and regulations in place, businesses, individuals, and investors will not be able to use new financial assets. Despite the lack of clear regulations, the crypto industry has grown to be a
Ever since Trump’s re-election, the crypto industry has been experiencing a huge shift in terms of regulation and adoption. After Trump signed an executive order to establish a crypto strategic reserve, several US states are stepping toward crypto adoption. On similar lines, Noth Carolina lawmakers introduced two bills to promote
With the beginning of Trump’s presidency this year, the face of the crypto industry changed in terms of regulation and adoption. Trump gave a green light to a crypto strategic reserve and revoked stringent rules around cryptocurrencies. Furthermore, the US SEC established a Crypto Task Force that is working diligently
Cryptocurrency adoption and regulation took a new turn with Trump’s presidency in the US. Trump signed an executive order to establish a crypto strategic reserve and even dropped lawsuits against major crypto firms. Being the leading global country, the pro-crypto stance of the US is inspiring other countries to adopt
The Trump administration in the US has already brought several changes in terms of crypto regulation and acceptance. To fulfill his promise to make the US a crypto capital, Trump has already taken several initiatives such as a crypto token reserve. The present SEC administration also plans to scrap previous
Despite being the largest digital currency in the world, Bitcoin faced a rejection from South Dakota lawmakers. The US state followed the lead of Montana which also recently rejected the Bitcoin reserve bill concept. Meanwhile, Bitcoin fell below $90,000 and it is trading above the $85K mark at press time.
One of the top crypto exchanges, OKX made it to the headlines today for operating an unlicensed business. It agreed to pay around $505 million worth of fines for violating US anti-money laundering rules. Most of these violations occurred from 2018 to 2024. As per the recent report published by
The Crypto Regulation has witnessed radical and unprecedented shifts in the past two years. From being a niche investment loosely regulated and with minimal monitoring in the past. It is now a top priority for governments around the world. As we see the unfolding of new political trends in the
The number of US states that are exploring Bitcoin investments has lost count under Trump’s presidency. Georgia has also filed a Bitcoin reserve bill on Feb 14, 2024 adding to the list of these states. As per the latest updates, Georgia filed for a second Bitcoin reserve bill to invest
