SEC Downsizes Crypto Enforcement Unit in Major Regulatory Shift
The SEC is significantly reducing its cryptocurrency oversight by reassigning over 50 staff members from its Crypto Assets and Cyber Unit. This restructuring aligns with the administration's push for lighter crypto regulation and includes new policies requiring commissioner approval for investigations.
Trump Administration Signals Crypto-Friendly Shift as SEC Crypto Unit Downsizes
The SEC's specialized cryptocurrency enforcement unit is being reduced from over 50 staff members, marking an early sign of the Trump administration's lighter regulatory approach. The restructuring aligns with Trump's executive order promoting crypto industry growth and reflects a significant shift from the previous administration's stricter oversight.
Nebraska Takes Aim at Crypto ATM Fraud with Landmark Regulation Bill
Nebraska lawmakers prepare to review groundbreaking legislation aimed at regulating cryptocurrency ATMs amid rising consumer fraud concerns. The proposed bill LB609 introduces mandatory licensing, transaction limits, and warning notices, responding to $14.6 million in reported crypto scam losses across the state.
CFTC's New Leadership Launches Public Forums to Shape Crypto Regulation
Acting CFTC Chair Caroline Pham initiates a series of public roundtables to develop comprehensive cryptocurrency policies with industry stakeholders. The initiative aims to balance innovation and market protection while maintaining U.S. competitiveness in digital assets.
SEC's Game-Changing Move: Banks Get Green Light for Crypto Custody Services
The SEC's reversal of SAB 121 marks a pivotal shift in cryptocurrency regulation, allowing U.S. banks to offer crypto custody services with reduced capital requirements. This regulatory evolution, coupled with leadership changes and industry support, signals a more accommodating approach to digital asset integration in mainstream finance.
Bank of America Signals Major Shift: Ready to Embrace Crypto Once Regulations Clear
Bank of America CEO Brian Moynihan announces U.S. banks' readiness to adopt cryptocurrencies for payments, pending regulatory clarity. The statement from America's second-largest bank marks a significant pivot in traditional banking's approach to digital currencies.
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.