South Korea has officially made digital asset ecosystem development a national priority for the next five years. The Presidential Committee on Policy Planning included it among 123 policy agendas under the Lee Jae-myung administration. The committee listed “building a digital asset ecosystem” under its broader “innovative economy that leads the world” agenda. The Financial Services…
Popular NYC mayoral candidate Zohran Mamdani finally mentioned crypto in a campaign commercial, and he went somewhat on the offensive. His newest ad skewered Andrew Cuomo for working with OKX during a federal investigation. Since Trump became the pro-crypto President, accusations of political corruption have hounded the industry from every angle. Zohran could turn these…
In a recent analysis of the Responsible Financial Innovation Act (RFIA), the Democratic staff of the Senate Banking Committee criticized the crypto market regulation bill over several key components. The Committee’s Democrat wing, led by Senator Elizabeth Warren, argues that the bill would endanger Americans’ retirement savings and increase the risks of an economic meltdown….
Do Kwon, founder of Terraform Labs, will plead guilty on several felony charges, including fraud, conspiracy, money laundering, and more. These charges, in total, could result in a maximum sentence of 100 years. It’s unclear whether he intends to make a plea deal or rely on the courts’ mercy. A Potential Plea Deal For Do…
In a rather surprising development, the SEC issued a waiver allowing Ripple to sell securities to private investors. This directly contravenes Judge Torres’ rulings in the XRP case’s lengthy cross-appeals process. Legal experts seemed dumbfounded by the move, but acknowledged that there isn’t a clear way to stop it. Ripple will probably have a new…
The Executive Director of the White House Crypto Council, Bo Hines, is reportedly stepping down from his position to return to the private sector. It marks a significant shift in the Trump administration’s cryptocurrency policy leadership. Bo Hines To Step Down After 8 Months Leading Trump’s Crypto Council Hines has been a central figure in…
Erebor, a nascent crypto bank, recently circulated a fundraising memo claiming that it expects a bank charter in half the normal time. If approved, the bank will integrate stablecoins at a foundational level. Several of Erebor’s tech billionaire founders are Trump allies with direct connections to the relevant regulators. This memo outright stated that their…
President Trump signed two crucial executive orders regarding the crypto industry today. One centers on preventing debanking, while the other allows cryptoassets to be included in retirement portfolios like pensions or 401(k)s. These measures both seem likely to encourage further institutional investment in this sector. Trump’s New Executive Orders Explained Since taking office, President Trump…
SEC Commissioner Caroline Crenshaw blocked a fast approval process on several crypto ETF products. Specifically, she delayed several new applications and dissented on options trading, basket ETFs, and more. In other words, the Commission will need a full vote to approve such measures, and more delays are likely. Atkins and the other pro-crypto Commissioners can…
In the landmark “US vs Roman Storm” case, the Tornado Cash founder was found guilty of conspiracy to run an unlicensed money transmittal business and innocent of others. This case has been a landmark battle for privacy rights and the decentralized nature of crypto. Roman Storm argued that he wasn’t responsible for other actors’ usage…