Aave Labs’ United Kingdom subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., have successfully obtained registration as cryptoasset exchange providers from the Financial Conduct Authority (FCA). This development, alongside an existing Electronic Money Institution (EMI) authorization, positions Aave Labs…
Paxos Secures Landmark SEC Registration as Clearing Agency Paxos, a prominent blockchain-based financial infrastructure firm, has announced a significant regulatory milestone: its subsidiary, Paxos Securities Settlement Company (PSSC), has been registered as a clearing agency by the U.S. Securities and…
US Rejects Central Bank Digital Currency, Pushes for Onshore Digital Asset Regulation U.S. Treasury Secretary Scott Bessent has definitively stated that the current administration will not pursue a central bank digital currency (CBDC). In a press briefing on Thursday, Bessent…
The Digital Chamber, a prominent cryptocurrency advocacy group, has launched a renewed effort to champion the passage of the Clarity Act, a comprehensive legislative proposal aimed at establishing a federal regulatory framework for digital assets. This initiative includes the unveiling…
Prediction Market Platform Kalshi Sues Minnesota Over New State Law Kalshi, a prominent prediction market platform, has initiated legal action against the state of Minnesota following the recent signing of a law that prohibits prediction market operations within the state.…
Tether’s USAT Sees Significant Supply Surge Amid Evolving Regulatory Landscape The circulating supply of Tether’s USAT token experienced a substantial month-over-month increase of nearly 540% in April, according to the latest attestation from its issuer, Anchorage Digital Bank. This surge…
The Bank for International Settlements (BIS) has reported significant progress in its Project Agorá initiative, demonstrating the potential of tokenized central bank reserves and commercial bank deposits for achieving atomic settlement in wholesale cross-border transactions. This development marks a crucial…
The Commodity Futures Trading Commission (CFTC) has formally acknowledged significant missteps in its prior enforcement action against crypto exchange Gemini. In a joint motion filed with Gemini, the CFTC is seeking to vacate a previous judgment, signaling a notable shift…
A software engineer employed by Google has been formally charged with fraud and money laundering, as prosecutors allege he leveraged confidential company information to trade on the prediction market platform Polymarket. Concurrently, the Commodity Futures Trading Commission (CFTC) has initiated…
Former U.S. President Donald Trump has declared his intention to champion the establishment of a digital asset market framework designed to be resilient against future regulatory changes. In a public statement, Trump attributed the migration of cryptocurrency innovation and businesses…