A former SEC official has clarified that Ripple, not the Commission, was the driving force behind this year’s prolonged appeals process. The general public perception was that the SEC was dragging its feet. Now, with both sides moving to end litigation, the final resolution is likely close. Ripple and the SEC in Court The Ripple…
The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges, including OKX, Bybit, KuCoin, and Bitget, for operating in the country without the necessary approval. On Aug. 4, the SEC issued a public warning advising residents to avoid engaging with these unregistered platforms, which have not secured licenses to operate or solicit…
Coinbase’s controversial new ad split the UK’s crypto community. The commercial depicts a grim economic future for Britain, but doesn’t propose the benefits of Web3 as an alternative. Some commentators loved the ad, while others feared that Britons outside the crypto community would find it distasteful. Either way, the commercial has become viral on social…
The SEC’s Crypto Task Force is about to go on a five-month tour of the US, in a new series of roundtables. Hester “Crypto Mom” Peirce is looking for small entrepreneurs nationwide to help inform federal crypto policy. Meanwhile, the Commission is also building a new Task Force to tackle AI questions. So far, its…
On August 1, Hong Kong’s Stablecoin Ordinance officially came into effect. The HKMA released detailed licensing guidelines covering capital, custody, KYC, reserves, and governance requirements. Banks Lead the Race Top banknote-issuing banks like BOCHK and Standard Chartered are expected to apply first. They hold regulatory and institutional advantages under Hong Kong’s currency system. Each stablecoin…
SEC Chair Paul Atkins announced “Project Crypto”, a sweeping initiative to modernize securities regulations so US capital markets can operate on the blockchain. This is the most aggressive regulatory pivot the SEC has ever taken toward pro-crypto innovation. It follows President Trump’s GENIUS Act and the President’s Working Group (PWG) report. What is the SEC’s…
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…