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Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance

Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of FinanceThe Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses

Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter LicensesThe U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC ReviewBloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Nigeria urged to adopt crypto regulations inspired by Europe

Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.

Nigeria’s crypto community has praised Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules as a positive development, saying it is important for jurisdictions to prioritize their interests regarding crypto projects, thereby protecting their local currencies.

In an interview with Cointelegraph, Nigerian data and policy analyst Obinna Uzoije shared his thoughts on what the Economic Community of West African States (ECOWAS) can learn from Europe’s MiCA. He highlighted the numerous advantages that ECOWAS’s regulatory framework regarding cryptocurrency would bring to its member states.

Uzoije pointed out that stablecoins are currently the most prominent use case for crypto assets. According to him, Africa, in particular, has more transactions using stablecoin than any other type of digital asset.

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Coinbase CEO calls on countries to establish Bitcoin reserves

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll AttemptRipple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]

Coinbase CEO calls on countries to establish Bitcoin reserves

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

South Korean Regulator Excludes Certain NFTs From Crypto RegulationsSouth Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour

Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One HourFormer U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, emphasizing that their policies “will grind to a halt within one hour of a second Trump administration.” […]

Coinbase CEO calls on countries to establish Bitcoin reserves

‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters

‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million SupportersThe “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer and more effective regulations for the cryptocurrency industry in the U.S., the alliance has gained substantial momentum. […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Ripple President Says SEC on ‘Warpath’ With Crypto Industry

Ripple President Says SEC on ‘Warpath’ With Crypto IndustryThe president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating: “This whole dynamic of setting rules through enforcement … is really unproductive and not getting […]

Coinbase CEO calls on countries to establish Bitcoin reserves

Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations

Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA RegulationsCrypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering of stablecoins to regulated companies, categorizing them as “Regulated Stablecoins.” Binance will make phased […]

Coinbase CEO calls on countries to establish Bitcoin reserves