Tom Emmer Named Vice Chair of Digital Assets Subcommittee, Signaling New Era for Crypto Oversight
Rep. Tom Emmer's appointment as vice chairman of the House Digital Assets Subcommittee marks a significant shift in cryptocurrency regulation leadership. His strong pro-crypto stance and track record of legislative initiatives, including the CBDC Anti-Surveillance State Act, position him to shape the future of digital asset policy.
Russia Emerges as Global Mining Hub Following Bitcoin Legalization
Russia's cryptocurrency mining sector experiences explosive growth as equipment orders triple following nationwide legalization. The strategic regulatory framework positions Russia as the world's second-largest Bitcoin mining hub, commanding 16% of global capacity.
Kenya Reverses Course: New Legislation to Embrace Cryptocurrency Trading
Kenya's government announces plans to legalize and regulate cryptocurrency trading, marking a dramatic shift from its 2015 ban. The move comes as 10% of Kenyans already own digital assets, prompting officials to create a framework balancing opportunities with risk management.
Senate Makes History with First-Ever Cryptocurrency Subcommittee Under Banking Panel
The U.S. Senate establishes its first dedicated cryptocurrency subcommittee, chaired by Senator Cynthia Lummis under the Senate Banking Committee. This groundbreaking initiative aims to develop comprehensive regulatory frameworks and influence crypto policy direction ahead of presidential transition.
CFPB Proposes Mandatory Refunds for Crypto Hack Victims in Landmark Consumer Protection Move
The Consumer Financial Protection Bureau unveils groundbreaking regulations requiring crypto companies to reimburse customers for hacks and unauthorized transactions. The proposed rule, which redefines 'funds' to include digital assets, comes amid rising security breaches totaling $2.2 billion in 2024 alone.
Senate to Launch Historic Cryptocurrency Subcommittee Under Lummis Leadership
The U.S. Senate Banking Committee is establishing its first-ever cryptocurrency subcommittee, with Senator Cynthia Lummis expected to lead the groundbreaking initiative. This watershed development aims to craft balanced oversight frameworks that protect consumers while fostering innovation in the rapidly evolving digital asset sector.
Oklahoma Senator Introduces Groundbreaking Bitcoin Payment Legislation
Oklahoma State Senator proposes the Bitcoin Freedom Act, enabling voluntary Bitcoin adoption for wages and payments across the state. The legislation aims to provide financial sovereignty while opposing CBDCs, building on the state's existing support for cryptocurrency innovation.
South Korea Opens Door to Institutional Crypto Trading in Landmark Policy Shift
South Korea's FSC plans to allow institutional investors into cryptocurrency markets through a phased approach, starting with non-profit organizations. The regulatory changes signal growing acceptance of digital assets while maintaining oversight, with additional plans for crypto ETFs and security token offerings by 2025.
Backpack Exchange Acquires FTX EU License, Eyes European Crypto Derivatives Market
Backpack Exchange has secured FTX EU's assets and MiFID II license, planning to launch regulated crypto derivatives trading in Europe by Q1 2025. The strategic acquisition includes managing FTX bankruptcy claims distribution while positioning Backpack as a key player in Europe's underserved regulated crypto market.
Federal Reserve's Crypto Skeptic Steps Down: Michael Barr's Exit Signals Regulatory Shift
Federal Reserve Vice Chair Michael Barr, known for his critical stance on cryptocurrencies, announces resignation amid controversy over Operation Chokepoint 2.0. His departure marks a significant change in U.S. financial regulation as investigations into alleged anti-crypto banking restrictions continue.