The U.S. Office of the Comptroller of the Currency (OCC) has recorded a strategic move in recent times in decision making. Banks can now engage in certain crypto activities—without waiting for a green light from regulators. This marks a significant policy shift, reversing earlier rules set under the Biden administration.
The New York Stock Exchange (NYSE) has proposed an Ethereum staking mechanism within Grayscale’s Ethereum Trust (ETHE) ETF. If this proposal gets approved by the U.S. Securities and Exchange Commission (SEC), this will allow institutional investors to earn staking rewards through a regulated financial product. Grayscale is a major player
Crypto exchange Crypto.com has secured approval to provide its services across all the member countries of the European Economic Area (EEA). The approval, which is under the Markets in Crypto Assets Regulation (MiCA), will let the platform widen its services. The milestone solidifies its place in the European digital asset
Florida Senator Joe Gruters has proposed a bill advocating Bitcoin as part of the state’s investment strategy. If the bill succeeds, it would allow the state to allocate up to 10% of its public funds into Bitcoin. Florida joins U.S. states like Texas, Wyoming, Ohio, Pennsylvania, and others in the
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
Digital Chamber Urges SEC to Rethink The Digital Chamber, a prominent crypto advocacy group, urges the U.S. Securities. Exchange Commission (SEC) to reconsider its ongoing crypto-related investigations, Wells notices, and lawsuits from the first day of the incoming Trump administration. This call is part of a strategy to repair the
In a recent court hearing, judges expressed skepticism regarding the SEC’s denial of Coinbase’s petition for rulemaking. Coinbase filed this petition on July 22, 2022, seeking clarity on regulatory guidelines. The SEC officially rejected the petition on July 27, 2023, claiming that it had already established sufficient guidelines. This case
Vivek Ramaswamy, a biotech entrepreneur and former presidential nominee, made waves last year by calling for mass deregulation of the cryptocurrency industry. He was the first Republican candidate to introduce a detailed crypto plan, aiming to reduce the federal workforce, including the Securities and Exchange Commission (SEC). Recently on Wednesday,
Binance has opted to withdraw from Canada amid the implementation of a set of fresh guidelines for cryptocurrency exchanges. The regulations impose limits on investors and require exchanges to register with authorities. In recent months, Canada has implemented stricter regulations for trading platforms dealing with crypto assets. This includes the
David Schwartz, Ripple CTO’s mockery about the US government institutions has gained various stakeholders’ attention. Commodity Futures Trading Commission’s (CFTC) recent activity of suing Binance and its CEO, CZ is really affecting the crypto market. Additionally, CFTC proposed Bitcoin, Ethereum, and Litecoin to be commodities. Whereas, U.S. Securities and Exchange
