efforts

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28 May 23

Gemini and Ripple navigate legal hurdles, Asia boosts regulatory efforts

Last week was eventful for Gemini. They faced similar accusations brought by the United States Securities and Exchange Commission (SEC) as Ripple. Subsequently, they had to deal with various operational and regulatory challenges. Despite the ongoing SEC case, Ripple is still determined to pursue growth. In Asia, more robust regulations on crypto are being implemented, […]

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14 May 23

Terra founder gets bail, institutional adoption surges, regulatory efforts endure

The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption of cryptocurrencies saw a marked uptick, with more mainstream companies setting up measures to embrace […]

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20 Mar 23

Asian authorities stepping up crypto regulatory efforts

Asian financial authorities have begun stepping up on regulatory efforts aimed at effectively overseeing the crypto industry in their respective jurisdictions. Notably, Hong Kong and Taiwan have championed these efforts, as they look to bring crypto under greater scrutiny. Hong Kong to regulate stablecoins, set up licensing regime Hong Kong is gearing up to establish […]

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28 Jan 23

White House wants Congress to “step up its efforts” on crypto regulations

On Friday, the Biden administration asked the United States Congress to expand regulators’ authority in policing the crypto industry. Four senior White House officials published a statement titled ‘The Administrations Roadmap to Mitigate Cryptocurrencies’ Risks.’ It urged Congress to “step up its efforts” in crypto market regulations. Contents of the statement The administration’s primary focus is to […]

23 Jan 23

Former SEC official defends regulator’s crypto enforcement efforts

John Reed Stark, the former U.S. SEC official, is defending the SEC’s efforts to bring enforcement regulations in the crypto industry. Blasting the “bogus” catchphrase The former SEC official has condemned “cryptocurrency lobbyists” for saying that SEC’s measures to regulate the crypto industry are “regulation by enforcement.” He added that the term is a “Bogus […]