A new report claims that Cameron and Tyler Winklevoss asked President Trump to remove Brian Quintenz’s nomination as CFTC Chair. If these rumors are true, they highlight a key tension in crypto politics. The Commission is set to have more authority over crypto regulation, and Quintenz wants to increase its budget to meet these challenges….
Japan advances tougher crypto regulation, transitioning oversight from the Payment Services Act to investment-focused Financial Instruments Exchange Act. The move aims to enhance investor protection as crypto markets expand rapidly. FSA Initiates Strategic Regulatory Recalibration Amid Market Evolution The Financial Services Agency (FSA) convened the first meeting of its Crypto Assets Working Group on July…
Sumit Gupta, CEO of Indian crypto exchange CoinDCX, has linked the platform’s recent $44 million security breach to a targeted social engineering attack. In a July 31 statement shared via X (formerly Twitter), Gupta said early findings indicate that the exploit may have stemmed from manipulation tactics to gain unauthorized internal access. He explained that…
Jurors have begun deliberating over Tornado Cash founder Roman Storm’s guilt or innocence, as both parties made their closing arguments. This critical case could have serious repercussions for crypto privacy. The defense essentially argued that Storm’s commitment to privacy prevented him from taking aggressive measures against criminals using his software. Prosecutors contended that he indirectly…
Trump’s Digital Assets Working Group just published its report on the US crypto industry, full of assessments and recommendations. The report thoroughly examined crypto tax policy, and suggested closing a swath of loopholes. This attitude comes off as somewhat surprising, especially considering Trump’s general laissez-faire attitude. Still, the report doesn’t advocate for harsher rules across…
Japan’s Osaka Exchange is exploring cryptocurrency derivatives trading as part of a broader strategic assessment of digital asset markets. The exchange is conducting preliminary research on futures and options products while monitoring regulatory developments domestically and internationally. Institutional Integration Signals Market Maturation Why Important: Japan’s institutional embrace of cryptocurrency derivatives represents a paradigm shift from…
In a massive new update, the SEC approved in-kind ETFs for Bitcoin and Ethereum, as well as an expedited approval process for future altcoin products. This represents a significant breakthrough for the market sector. Additionally, the Commission raised the position limit on IBIT options trading tenfold, potentially enabling “an explosion of option-based Bitcoin ETFs.” In-Kind…
Global stablecoin infrastructure undergoes unprecedented transformation as Hong Kong’s Stablecoin Ordinance approaches August 1 implementation and the U.S. GENIUS Act catalyzes institutional adoption. Consequently, synchronized regulatory frameworks across both jurisdictions trigger extraordinary market responses and strategic institutional positioning. Market Euphoria Meets Regulatory Scrutiny Traditional financial institutions in Hong Kong position themselves within the emerging digital…
Tornado Cash founder Roman Storm’s legal team is on the back foot as another key witness decided to plead the Fifth. Court reporters claimed that the jury appeared “overwhelmed” at the remaining jargon-heavy testimony. As the trial continues, it seems like the DOJ’s biggest victories have come from disrupting Storm’s roster of witnesses. Trump appointees…
The SEC is delaying several ETF applications today, including Truth Social’s Bitcoin ETF. Other products in the queue include Grayscale’s Solana ETF and Canary Capital’s Litecoin fund. Additionally, VanEck’s AVAX ETF faces another deadline, but further setbacks seem likely. The Commission appears sympathetic to creating these new products, but is trying to buy as much…