The Securities and Exchange Commission has reached a final judgment in its enforcement action against NanoBit, a crypto platform accused of defrauding investors. Regulators alleged that the operation misled users about its services and ultimately stole their funds, a scheme that prompted the agency to pursue legal action. As part
As the Senate eyes an August deadline for digital asset legislation, JPMorgan has weighed in on the debate, calling for clear rules paired with strong oversight. The bank urged Congress to advance a regulatory framework but stressed that any legislation must include robust safeguards to protect financial stability. JPMorgan cautioned
As the U.S. Senate negotiates the Clarity Act, JPMorgan has weighed in on the proposed framework for regulating digital assets. The bank voiced support for establishing clear rules governing the sector but cautioned that legislators should not pursue regulatory certainty at the expense of consumer and market protections. JPMorgan
Ukrainian authorities have transferred $8.3 million worth of seized cryptocurrency, a move that comes as officials weigh establishing a national strategic crypto reserve. The funds were confiscated during an investigation into an international hacker group accused of laundering proceeds from data theft through purchases of high-value property. The
Ukraine's Asset Recovery and Management Agency, known as ARMA, has taken direct custody of seized cryptocurrency for the first time, marking a shift in how the country handles confiscated digital assets. More than 8.3 million USDT, allegedly tied to a hacking ring, was transferred to a wallet
Europe's Markets in Crypto-Assets (MiCA) framework reaches a new implementation milestone this week, setting clearer compliance standards for exchanges, stablecoin issuers, and service providers operating across the European Union. The regime aims to harmonize regulation and could reshape how firms structure their operations on the continent. Meanwhile,
El Salvador's 7,696 BTC reserve is now subject to heightened transparency demands as the country navigates conditions tied to its International Monetary Fund program. The IMF arrangement requires the government to keep its Bitcoin holdings clearly documented and auditable, even amid potential drawdowns and increased wallet scrutiny.
In an exclusive interview with CoinDesk conducted earlier this month, Binance founder Changpeng Zhao, widely known as CZ, outlined his ambition to see the United States become the leading hub for the cryptocurrency industry. The discussion touched on a range of topics, reflecting his perspective on the sector's
Luxembourg's financial regulator, the CSSF, granted Ripple preliminary approval as a Crypto-Asset Service Provider on June 23 through a so-called 'Green Light Letter.' The company is combining this step with the Electronic Money Institution (EMI) license it finalized in the same jurisdiction in February.
A four-year prohibition on the Federal Reserve issuing a central bank digital currency has been folded into the 21st Century ROAD to Housing Act, a broad legislative package that bypassed standalone debate over digital money. The bill passed the Senate 85-5 on June 22 and cleared the House
As the European Union's Markets in Crypto-Assets (MiCA) regulation approaches full implementation on July 1, licensed exchanges are competing aggressively to attract users and deposits from platforms that may lose the right to operate in the bloc. The regulation creates a sharp divide between firms holding bloc-
Banks in the US, UK, and Europe now have legal authority to issue stablecoins, custody Bitcoin, and settle tokenized funds, but capital requirements may discourage them from doing so. The obstacle lies in the Basel Committee's cryptoasset standard, which has been in effect across member jurisdictions since January