News with the tag "Crypto Regualtion"

Ripple has submitted a formal response to the U.S. Securities and Exchange Commission (SEC) following Commissioner Hester Peirce’s February 21 request for public input on digital asset classification. The request, titled “There must be some way out of here,” sought constructive feedback to develop c...

Congress is taking steps toward passing new crypto regulations for the digital assets industry. Coinbase CEO Brian Armstrong has expressed support for the move, calling it a crucial step in securing economic freedoms for Americans. Armstrong and other Coinbase executives believe that clear legislati...

South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report. This move, which comes as part of the Financial Services Commission’s (FSC) broader effo...

Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reaffirmed his stance on the need for stricter regulation of the cryptocurrency industry. Speaking during an interview with Bloomberg TV on Wednesday, Gensler described the crypto market as “rife with bad actors” ...

Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, has outlined key areas of focus for the region, emphasizing the ongoing transformation of the financial ecosystem. Merrick highlighted several trends shaping crypto in 2025, particularly in the Middle East and North Africa (ME...

Ripple’s Chief Legal Officer, Stuart Alderoty, outlined six key principles on New Year’s Eve, urging the US SEC to adopt a measured approach to crypto regulation. According to Alderoty, the SEC should only regulate securities transactions rather than expand its authority over asset sales without con...

In a major announcement on Tuesday, crypto exchange Bybit announced to stop its digital asset withdrawal and custodial services in France, citing regulatory roadblocks. The crypto exchange announced that these services won’t be available anytime after January 8, 2025, however, noting that it remains...

Pro-crypto Rep. French Hill has been selected to lead the House Financial Services Committee, succeeding retiring Chair Patrick McHenry. Hill’s appointment will shape the trajectory of cryptocurrency and financial legislation. Hill, known for supporting crypto and pushing digital asset bills, will a...

David Solomon, the Goldman Sachs CEO, addressed the future of digital assets like Bitcoin and Ethereum, highlighting the firm’s cautious stance toward entering the space. Solomon emphasized that Goldman Sachs would only move into these markets if the regulatory environment evolved to allow for it. T...

As the U.S. Senate Banking Committee prepares to vote on December 11 regarding the renomination of SEC Commissioner Caroline Crenshaw, Bill Hughes, a lawyer at ConsenSys, has raised concerns about her track record, particularly her stance on cryptocurrency regulation. Bill Hughes argues that her ren...