The U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce says that the public’s input is necessary to bring greater crypto clarity. In a statement, the longest-serving commissioner on the board asks for public feedback on key areas that can establish clear rules of the road for the crypto industry. “This document invites such input […]
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One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”
US Senator Elizabeth Warren has penned an open letter to US President-elect Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office.
In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more power to sanction the crypto sector.
“Should AML/CFT and sanctions programs include risk-based provisions reasonably designed to prevent money laundering or terrorist financing involving digital assets,” wrote Warren, who is soon to be the top Democrat on the Senate Banking, Housing and Urban Affairs Committee.
Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.
Recently appointed "AI and crypto czar" David Sacks only has 2 years to push through pro-crypto policies before the 2026 midterm elections in the United States, Joe Doll, the general counsel for NFT marketplace Magic Eden, told Cointelegraph in an interview.
According to Doll, the threat of a gridlocked government could stifle regulations, and the current administration must push through pro-crypto policies while still in control of both chambers of Congress. Doll said:
Trump's numerous appointments of pro-crypto individuals to advisory roles and cabinet positions are widely viewed as a positive development by the crypto community, as the incoming administration promises to pass pro-innovation policies.
The Financial Conduct Authority (FCA) is pushing for sweeping crypto regulations by 2026, tackling market abuse, decentralized assets, and trading platform oversight in its evolving framework. Inside the FCA’s Crypto Overhaul: What 2026 Means for the Industry The UK Financial Conduct Authority (FCA) has outlined a comprehensive plan to establish a full regulatory framework for […]
Morocco is advancing a draft law to regulate cryptocurrencies, aiming to balance risks and opportunities amid growing adoption. A New Chapter Unfolds: Morocco’s Journey Toward Crypto Regulation Gains Momentum Morocco’s central bank governor, Abdellatif Jouahri, revealed Tuesday at a conference in Rabat that Bank Al-Maghrib, the country’s central bank, is advancing plans to regulate cryptocurrencies. […]
The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce, according to press reports on Nov. 19. Lutnick has a long record as a cryptocurrency proponent.
The Secretary of Commerce is charged with advancing US business both domestically and abroad. The secretary is a member of the Cabinet of the United States — the president’s closest advisers. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position.
Lutnick has attracted attention in the crypto world for his ties to the stablecoin issuer Tether (USDT) and statements he has made about Bitcoin (BTC).
Former SEC chairman predicts Trump’s administration could drive crypto-friendly legislation, easing regulatory constraints and fostering innovation within the digital asset industry. SEC Shake-Up: Could Trump’s Team Transform Crypto Legislation? Ex-SEC Chief Weighs In Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said on Wednesday that cryptocurrency legislation is likely to emerge […]
The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.
The European Union will transition from national laws on crypto asset service providers (CASPs) to common Markets in Crypto-Assets (MiCA) regulations by Dec. 30. The Cyprus Securities and Exchange Commission (CySEC) is providing an example of that transition as it freezes CASP applications and warns market participants of changes to come.
The CySEC will no longer accept CASP applications under Cypriote national laws as of Oct. 17, the day of the announcement. CASPs that succeed in registering under the national laws before the Dec. 30 deadline will be able to operate under that jurisdiction until July 1, 2026, unless they are granted or refused authorization under MiCA Article 63 before then.
CASPs will be subject to the European Commission’s Regulatory Technical Standards and the Implementing Technical Standards once MiCA regulations kick in. Those standards have not been published yet, but the CySEC advised interested parties to refer to the Draft Technical Standards issued by the European Securities and Markets Authority (ESMA) in the meantime.
Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.
Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.
Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.
No details were shared about the new crypto legislation or when it might come into force.
Since 2019, US regulators have collected a total of $31.92 billion in settlements from 25 crypto companies across various lawsuits.
United States regulators have received over $19 billion in lawsuit settlements from crypto companies in 2024 so far, representing almost two-thirds of all settlements to date.
Data in an Oct. 9 report from CoinGecko shows bankrupt crypto exchange FTX and affiliated trading firm Alameda are responsible for most of the funds, with $12.7 billion paid to the Commodity and Futures Trading Commission (CFTC) in an August settlement.
Across eight settlements in 2024, regulators have netted 78% more than in 2023, which only saw $10.87 billion paid. However, that is an 8,327% uptick in settlement values compared to 2022.
