Charles Schwab Joins Crypto Market, Plans Trading Platform for 2026

Charles Schwab announces plans to launch a digital asset trading platform by 2026, citing rising investor interest and favorable U.S. crypto regulations.

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Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions

The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Committee, stated that crypto exchanges could help Russia to bypass sanctions by using crypto to settle international payments.

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US Legislation Set for July to Determine Whether Crypto is a Security or Commodity

To shed more light on the status of cryptocurrencies and stablecoins, the U.S. House committee in charge of finance will debate and vote next month. According to The Block, preparations are in high gear for the U.S. House Finance Services Committee to undertake a crucial vote to determine whether digital assets are securities or commodities. […]

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NBA Top Shot NFTs May Qualify as Security, Will it Affect Ripple v. SEC Lawsuit?

Lawyer says Dapper Labs’ NBA Top Shot Moments NFTs decision will not impact the Ripple lawsuit. Several rumors about the Ripple v. SEC legal battle have emerged after a US district judge denied Dapper Labs’ request to dismiss a lawsuit alleging that its NBA Top Shots Moments NFTs are securities. Over the past few hours, […]

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Senator Elizabeth Warren Praises SEC Chairman For “Putting Crypto Genie Back in Bottle”

Senator Warren commends Gary Gensler for his efforts at regulating the crypto industry. U.S. Senator Elizabeth Warren has praised Gary Gensler’s effort to regulate the crypto industry. Warren called on parliament to offer the SEC chief all necessary support to sustain the momentum of tough policing for the crypto industry. Gensler’s tenure is known for […]

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U.S. Senator Warren Introduces Bipartisan Bill to Address Crypto Money Laundering

  The Digital Asset Anti-Money Laundering Act from Elizabeth Warren addresses loopholes within the crypto space being exploited for money laundering. Rogue nations, oligarchs and drug lords are using crypto to launder billions, evade sanctions and finance terrorism. My bipartisan bill puts common-sense rules in place to help close crypto money laundering loopholes and protect […]

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Former U.S. FDIC Chair Says Lawmakers Have To Resist Lobbying From Crypto Industry

Bair says regulators have to work together, and lawmakers have to do better at resisting lobbying from the industry. Former chair of the US Federal Deposit and Insurance Corporation, Sheila Bair, has said that there is a lot that needs fixing for the crypto industry to get clear regulations in the US in a recent […]

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What Are The Legal Implications Of Investing In Cryptocurrency?

Many countries and institutions have started accepting cryptocurrency into their financial systems as legal tender. This move follows an influx of investors buying into the digital currency market and recording significant profits from the venture. Furthermore, these results have opened up more government and regulatory considerations to invest in digital currency and the technology supporting […]

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“70 Year Old Case-law to Determine What’s a Security or a Commodity” – CFTC Chairman on Crypto Regulation

CFTC Chairman shares his thoughts on crypto regulations. CFTC Chairman Rostin Behnam recently stressed the difficulty of classifying crypto, noting that they have to rely on 70-year-old case law to determine what’s a security or commodity. For some time, the cryptocurrency community in America and beyond has called for regulatory clarity in the cryptocurrency industry. […]

The post “70 Year Old Case-law to Determine What’s a Security or a Commodity” – CFTC Chairman on Crypto Regulation first appeared on The Crypto Basic.

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Blockchain Association Director Confirms There Is No Active Legislation in US Congress to Ban Bitcoin Mining

The Director of the Blockchain Association brings an important notice to crypto stakeholders. Ron Hammond, the Director of Government Relations at the Blockchain Association, has commented on the recently published White House report on the energy implications of cryptocurrency mining.  According to Hammond, there is no active legislation in congress that seeks to ban the […]

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SEC Chairman Backs Congress to Give CFTC More Power to Oversee And Regulate Bitcoin And Non-Security Cryptos

Gensler will support Congress in giving CFTC more regulatory power over Bitcoin, but… Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), said he would support the United States Congress to delegate more regulatory power to the Commodity Futures Trading Commission (CFTC) to regulate non-security tokens like Bitcoin (BTC).  The SEC chair made […]

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Attorney Jeremy Hogan Says SEC Should Provide Regulatory Clarity By Disclosing Which Top 20 Cryptos Are Security

  Hogan is confused about why the SEC has used an ambiguous method to regulate crypto assets.  Attorney Jeremy Hogan, a partner at Hogan and Hogan law firm, has also joined the list of cryptocurrency enthusiasts calling on the Securities and Exchange Commission (SEC) to provide regulatory clarity for the crypto sector.  In a recent […]

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Fox Business Journalist Says SEC Has Until 2024 to Penalize Ethereum For Conducting Unregistered ICO

  Will the SEC penalize Ethereum for its unregistered ICO? Only time will tell… With the SEC claiming that all crypto assets except Bitcoin fall under its jurisdiction, Eleanor Terrett, a Fox Business journalist, said the agency has until 2024 to go after Ethereum for its unregistered 2014 ICO.  According to Terrett, before now, the […]

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New US Crypto Bill Leaked: Dogecoin Founder Says Bill Goes Hard After DAOs, DeFi, Stablecoins, And Exchanges

  Doge Founder Says Leaked Bill Goes Hard After Sh.t Tokens, DAOs, DeFi, Stablecoins, And Exchanges. The Crypto community tries to understand the repercussions as over 600 pages of the US crypto bill leaked. Crypto Twitter is currently buzzing with debates and conversations about legal regulations pertaining to the space. This was after a cache […]

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California Governor Issues Cryptocurrency Executive Order as State Eyes Blockchain Opportunities

The California governor has followed in the footsteps of president Biden to issue a cryptocurrency executive order.  Governor Gavin Newsom, the governor of California, has issued an executive order for the state’s cryptocurrency and blockchain industry. CNBC reported recently that the executive order lays out the roadmap for regulatory and consumer protection, while examining ways […]

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U.S. Treasury Secretary Yellen Says Crypto Rules Must Support Innovation But Also Should Match Traditional Financial System

Regulatory Framework Should Encourage Innovation in Crypto – Yellen U.S treasury secretary Janet Yellen has emphasized the need for a crypto regulatory framework to support regulation within the space. This is in line with the recent executive order released by the white house which seeks to bring oversight over the crypto space. The crypto community […]

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Influential Democrat Senator Urges Colleagues to Tread Carefully When Regulating Cryptocurrencies

Influential Democrat Senator Urges Colleagues to Tread Carefully When Regulating Cryptocurrencies. Despite widespread concerns about cryptocurrency use in illicit activities like money laundering, Senator Ron Wyden, the Chair of the Senate Finance Committee, has urged members of the Democrat party to protect the asset class.  Speaking in an interview today with the Financial Times, Wyden […]

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Brazil Committee on Economic Affairs Takes First Measure Toward Regulating Crypto

Brazil Committee on Economic Affairs (CAE) approved the bill that would regulate crypto. Bloomberg report Since 2019, a bill to regulate the cryptocurrency market in Brazil was pending. However, this Tuesday, the Economic Affairs Commission discussed the substitutive bill to create rules for cryptocurrencies in Brazil. With 14 senators present, after discussion among senators, parliamentarians […]

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Italy Updates Digital Asset Service Providers Registration Requirements

The Italian Ministry of Economics and Finance has introduced new rules for cryptocurrency companies to combat money laundering (AML). According to the local official Gazzetta Ufficiale, the regulator details all registration and reporting requirements for Virtual Asset Service Providers (VASPs). According to the document, if a company offers services related to cryptocurrencies, it must register […]

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US Federal Reserve Officials Banned From Investing In Bonds, Securities, Crypto, Commodities, Forex To Avoid Conflict of Interest

The US bans Federal Reserves officials from investing in many financial instruments. According to a decision by Federal Open Market Committee on Friday, Federal Reserve officials are prohibited from trading or investing in cryptocurrencies and other financial instruments to avoid conflicts of interest. This Friday, the Federal Open Market Committee announced that the board has […]

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