The initial contrast between the rules-based approach to cryptocurrency in the European Union and the enforcement-driven strategy in the United States was once thought to shape the global crypto industry’s trajectory. Now that President Donald Trump is in office, having promised to make America the...
The mania in Washington around financial services regulation has settled a bit. In fact, the focus has now turned toward a decidedly traditional function in the nation’s capital, and that’s legislating. Specifically, the House held a hearing Tuesday (March 11) and the Senate is poised...
Brazilian online-only bank Stark Bank reportedly aims to serve the country’s cryptocurrency startups. The company sees an opportunity to position itself as a banking provider for these startups at a time when the crypto sector is still shunned by traditional lenders but is becoming more...
European cryptocurrency regulators are reportedly examining the OKX exchange following a record heist. Last month, the trading platform Bybit was the victim of a $1.5 billion theft, believed to be the largest in industry history. The issue was discussed last week by regulators at a...
House Financial Services Committee Chairman French Hill, R-Arkansas, said Tuesday (March 11) that he supports the development of a federal framework for payment stablecoins and opposes the creation of a central bank digital currency (CBDC). In remarks prepared for delivery at a Tuesday hearing focused...
Was the White House’s Crypto Summit Friday (March 7) a landmark occasion? Or was it a missed opportunity for the sector and the United States? The high-profile, closed-door event signaled the U.S. government’s evolving stance on cryptocurrency by bringing together leading industry executives, policymakers and...
The Trump administration’s embrace of cryptocurrencies reportedly could accelerate the European Union’s (EU) adoption of a digital euro. European Stability Mechanism (ESM) Managing Director Pierre Gramegna told reporters Monday (March 10) that Europe’s monetary autonomy and financial stability could be threatened by the Trump administration’s interest in...
The Securities and Exchange Commission (SEC) may abandon a proposal that would expand regulation of alternative trading systems (ATSs) to include crypto firms. Speaking Monday (March 10) to a conference of the Institute of International Bankers, SEC Acting Chairman Mark T. Uyeda said he asked...
Blockchain and banking have, since the former’s inception, operated almost entirely at odds. Cryptocurrencies, after all, were invented as a decentralized method to store value, designed to operate outside of the intermediaries and custodial third parties that make up the traditional, regulated financial system. The...
