US House Passes STABLE Act for Stablecoin Regulation
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next…
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BitMEX, KuCoin Among Exchanges Reportedly Facing Sanctions in S. Korea: Here’s Why
South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily,…
SEC Reportedly Considering Classifying XRP as a Commodity
The U.S. Securities and Exchange Commission (SEC) is reportedly considering classifying XRP as a commodity rather than a security. This discussion is said to have emerged amid ongoing settlement negotiations…
US House Votes to Overturn IRS DeFi Broker Rule
The U.S. House of Representatives has passed H.J. Res 25, effectively rejecting the Internal Revenue Service’s (IRS) controversial broker rule. The resolution, which gained overwhelming bipartisan support, aims to protect…
US Senate Votes to Repeal IRS DeFi Reporting Rule
In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide…
Crypto Power Players Summoned: White House Sets Stage for Digital Asset Policy Talks
The White House is preparing for its first crypto summit on Friday, March 7, and invites have been issued to industry leaders and experts. The event will be hosted by…
4 Things That Could Impact Crypto Markets This Week
A number of recent economic reports revealed cracks in the US economy’s resilience last week, with the lowest service-sector PMI reading in over two years. This week will see key…
SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction
The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table.…
SEC Withdraws Appeal in DeFi Dealer Classification Case
The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development…
Trump Declares End to Biden’s Crypto Policies
Since Donald Trump won the U.S. presidential election in November last year, Bitcoin has broken its all-time high (ATH) price several times, and the head of state is crediting his…