The U.S. Securities and Exchange Commission (SEC) has withdrawn Staff Accounting Bulletin No. 121 (SAB 121). It is a 2022 directive requiring financial institutions to categorize customer-held digital asset exposures as liabilities on their annual report. This change has been codified and is expected to improve the regulatory environment of
While the broader crypto market hangs on in bear territory, expectations for an upcoming rally are growing. Ripple’s XRP has followed suit, as speculation swirls about the impending end of the Ripple vs. SEC legal battle. The former Ripple director, Sean McBride, speculates that the ongoing Ripple-SEC case will either
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a dedicated crypto task force. The initiative aims to create a clear regulatory framework for digital assets, signaling a major shift in the agency’s approach under the new Trump administration. Acting Chairman Mark Uyeda revealed the plan on
Newly sworn-in President Donald Trump has appointed Mark Uyeda as the acting Chair of the U.S. Securities and Exchange Commission (SEC), according to a White House announcement on Monday. Uyeda, a Republican SEC Commissioner since June 2022, takes over from Gary Gensler, whose tenure was marked by strict regulations and
Gary Gensler will leave office as U.S. Securities and Exchange Commission Chairman on January 20, 2025. When his term since April 2021 would have ended. Since Donald Trump’s victory in the U.S. presidential election is expected to change expectations in regulation,. This makes his resignation inevitable. Trump has already indicated
Bitcoin recently reached a high of $102,037.76, continuing its upward trend. It is currently trading at $101,502.66, marking a 2.10% increase in the past 24 hours. The market cap now stands at $2.01 trillion, a 2.09% surge, while the 24-hour trading volume has risen to $58.1 billion, up 1.63%. The
The crypto community continues to rejoice in the upward momentum in the market over the past few days. Bitcoin has finally risen to the $101K level after days of consolidation. The timing couldn’t be better, as one of the external factors contributing is Trump’s inauguration day approaching. This has inadvertently
The crypto community is leaning increasingly towards bullish signals as activity increases and prices rise from the slump. This positive weather ahead of Donald Trump’s inauguration might result in further upward movements in cryptocurrency prices. Bitcoin has surged to the $99K level after much ado in the past weeks. Meanwhile,
The Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, alleging that he violated federal securities laws during his 2022 purchase of Twitter, now known as X. The SEC claims Musk failed to disclose his ownership stake in Twitter promptly, allowing him to buy shares at “artificially low
The Asian crypto community has once again woken to a price consolidation in the market. Bitcoin has docked firmly at the $94K level causing anticipations among members. Meanwhile, JP Morgan’s recent investment in the cryptocurrency has caught the spotlight sparking discussions in our sector. On the other hand, the political-crypto
