Kevin Warsh, a nominee for Federal Reserve Chair, has acknowledged the established presence of digital assets within the U.S. financial services landscape during his Senate Banking Committee confirmation hearing. While the majority of his testimony focused on monetary policy and…
New York Attorney General Letitia James has initiated legal action against cryptocurrency exchanges Coinbase and Gemini, alleging that their prediction market platforms constitute illegal gambling operations. The lawsuit seeks substantial fines, restitution for users, and forfeiture of profits deemed illicit…
Back from a birthday weekend. In a short since $75,960. Here’s everything you need to know. First things first — I took the weekend off Last weekend was my birthday, and we had a massive party. Genuinely one for the…
A new bipartisan bill introduced in the U.S. House of Representatives aims to grant nonbank payment service providers access to Federal Reserve payment systems. The Payments Access and Consumer Efficiency (PACE) Act, sponsored by Representatives Sam Liccardo (D-CA) and Young…
src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2023/08/20230712_UK_CR_News-1200×675.jpg” alt=”UK stablecoin and tokenized deposits regulatory framework”> The United Kingdom’s Treasury has announced a comprehensive regulatory package aimed at unifying the oversight of payment services, stablecoins, and tokenized deposits into a singular framework. This initiative, unveiled during London’s Fintech…
US Senate Banking Committee Delays Crypto Legislation Markup A significant piece of legislation aimed at establishing a market structure for digital assets in the United States has encountered a procedural setback, with the Senate Banking Committee reportedly delaying a markup…
I Had Skin in This Game. So Did You (Maybe). Let me be upfront. I invested in the KelpDAO pre-sale. My tokens are still partly vested. And as of this weekend, I’m pretty confident that investment is worth close to…
Securities and Exchange Commission (SEC) Chair Paul Atkins has outlined a new strategic direction for the agency’s engagement with the digital asset sector, emphasizing a shift from punitive measures to a more constructive and clarifying approach. Under the initiative branded…
The Bank for International Settlements (BIS) has emphasized the critical need for a unified global regulatory approach to stablecoins, characterizing their current operational nature as more akin to investment products than traditional money. This stance comes as the stablecoin market…
Memecoin Deemed Not a Security in Recent Legal Ruling A recent judicial decision in California has determined that a memecoin associated with media personality Caitlyn Jenner does not qualify as a security. This ruling emerged from a class-action lawsuit filed…