Cathie Wood’s vote is cementing Trump as a ‘pro-innovation’ crypto-friendly candidate
Trump’s potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.
Trump’s potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.
While not yet permitted to trade, DFX Labs is deemed licensed for virtual asset services by the Securities and Futures Commission of Hong Kong.
Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.
According to BlockBeats, on June 25, Federal Reserve's Daly expressed the need for careful consideration to avoid prematurely relaxing interest rates or maintaining a status quo for too long. Daly's statement highlights the delicate balance central banks must maintain to ensure economic stability. The timing of interest rate changes is crucial in managing inflation and economic growth. A premature relaxation could lead to inflationary pressures, while a prolonged status quo could stifle economic growth. Therefore, Daly's cautionary stance underscores the importance of strategic decision-making in monetary policy.
According to CryptoPotato, the ongoing dispute between the United States Securities and Exchange Commission (SEC) and Ripple Labs regarding the classification of XRP as a security is expected to have significant implications for the entire industry. The case, which has been in progress for several years, is currently in the trial phase.David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the SEC, recently resigned after serving the SEC for over nine years. His resignation came shortly after the SEC reduced its demanded penalty from Ripple from $2 billion to $102.6 million. This reduction was a response to Ripple's legal team's request for a penalty not exceeding $10 million. The SEC justified the revised penalty by comparing it to the gross profit of the violative conduct, resulting in a $102.6 million penalty, significantly higher than the $10 million cap insisted by Ripple.However, Ripple's legal challenges are not limited to the SEC case. Brad Garlinghouse, the company's CEO, is also involved in a separate lawsuit in California. This lawsuit is related to statements he made years ago about his personal investment in XRP. Despite the case proceeding to trial, the presiding judge dismissed several allegations, including those suggesting that Ripple violated federal securities law. Ripple's chief lawyer stated that the New York ruling that XRP is not a security remains undisturbed, and one state law claim based on a 2017 statement is going to trial. Garlinghouse reiterated his support for the statements he made in 2017 and considered the dismissal of allegations a significant victory for the company.
CBDC developers have made little progress in developing products capable of "preserving privacy," and government is not complaining.
Kanav Kariya announced his resignation amid reports of a pending investigation into Jump Crypto’s activities and several incidents dating back to 2022.
A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees.
The U.S. state of Louisiana has updated its legislation to ban the use of central bank digital currencies and establish rules for digital asset miners and node operators.
The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking.