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Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the SEC while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, according to former U.S. Senator Pat Toomey. "It's quite unlikely that legislation gets all the way to the President's desk and signed into law in this Congress. However, there is real important progress being made," Toomey said.

25 de set. de 2023

Amy Yu, the CEO of SEBA Bank's APAC division, discusses the crypto bank based in Switzerland winning approval-in-principle (AIP) from Hong Kong's regulators for its regional subsidiary. Yu highlights the bank's expertise in serving crypto-native clients and the "explosive" inbound pipeline.

6 de set. de 2023

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, explains why he thinks bitcoin (BTC) could reach $150,000 by the summer of 2025. "We are beginning to see a sea change...we're getting rid of the bad boys of crypto," Edelman added.

5 de set. de 2023

The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations. Miles Fuller, Taxbit head of government relations, says "This is probably one of the most highly anticipated things to happen in this space...now we have that and it should provide a lot of clarity."

28 de ago. de 2023

Tully & Weiss criminal defense attorney Joseph Tully weighs in on Tornado Cash developers Roman Storm and Roman Semenov facing allegations of money laundering and sanctions violations. "This is sort of along the same lines of law that we've seen starting with Napster, BitTorrent...even Silk Road, where developers are being charged not for things that they did, but because they opened the door, so to speak, for illegal activity," Tully said.

24 de ago. de 2023

Following the release of Bit Digital's second quarter earnings, CEO Sam Tabar provides insights into expectations for the third quarter. While highlighting the bitcoin mining company's strides in diversification and environmental initiatives, Tabar points out potential market uncertainties, saying "The biggest headwind would obviously be the price of bitcoin. That's a macro factor that we can't control."

17 de ago. de 2023

Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, dives into the intricacies of the SEC planning to file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, according to a court filing on Wednesday. A federal judge ruled last month that while Ripple's direct sales of XRP to institutional investors violated securities law, its programmatic sales to retail investors through exchanges did not.

10 de ago. de 2023

PayPal USD (PYUSD), the latest stablecoin pegged to the U.S. dollar, will be an Ethereum-based token offered to the company’s online-payments customers before expanding to PayPal’s Venmo app. Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the broader implications, noting that PayPal's move shows "this technology could be beneficial in payments more generally."

9 de ago. de 2023

PayPal USD is the first regulated stablecoin from a global payments company. The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos head of strategy Walter Hessert discusses teaming up with PayPal and notes the firm has "other white label stablecoin opportunities in the works."

8 de ago. de 2023

Crypto investors suffered $303 million of losses from exploits and hacks last month, according to CertiK. Ronghui Gu, CEO and co-founder of CertiK, said July was a really "dark month" for the blockchain industry.

2 de ago. de 2023