Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales. The company said this in a petition to the court that is part of an appeal tied to a Securities...
The current moment couldn’t be more archetypically “crypto” if it tried. The industry, coming off a period of four years during which many crypto firms felt unfairly targeted by regulatory bodies like the U.S. Securities and Exchange Commission (SEC), now finds itself sitting at the...
Circle has acquired Hashnote, issuer of the USYC stablecoin incubated by Cumberland Labs. The company announced the deal Tuesday (Jan. 21), noting that Cumberland Labs is the largest tokenized treasury and money market fund in the world, with $1.52 billion deployed into USYC as of...
The Securities and Exchange Commission (SEC) has launched a crypto task force focused on developing a “comprehensive and clear” regulatory framework for crypto assets. The crypto task force will collaborate with SEC staff and the public to help the commission “draw clear regulatory lines, provide realistic...
The cryptocurrency world was apparently less than happy with President Donald Trump’s inaugural speech. The official meme coins minted by Trump and First Lady Melania Trump fell by as much as 60% after the inauguration, CoinDesk reported Tuesday (Jan. 21). Futures tracking the two coins...
The day of President Donald Trump’s inauguration reportedly also saw big gains by his new crypto token and meme coin. The Trump-connected crypto project World Liberty Financial (WLF) raised $1 billion in token sales Monday (Jan. 20), while a new Trump meme coin topped $10...
Circle CEO Jeremy Allaire said he anticipates that President Donald Trump will move quickly on new cryptocurrency rules. Allaire said he expects executive orders “imminently” from the new president, allowing banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios,...
As of Monday (Jan. 20), the United States has a new president, while the cryptocurrency world has a new crypto billionaire. The kicker? They’re the same person: Donald Trump. As the United States prepares for President-elect Trump’s second inauguration on Monday, a new twist has...
The cryptocurrency industry is a fan of incoming President Donald Trump, but Trump’s new meme coin is a different story. The new $TRUMP coin sparked criticism from crypto executives who had anticipated that their sector would be treated seriously under the new administration, Bloomberg reported...
