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The Securities and Exchange Commission said in March that the case could potentially be resolved under its new leadership. A US federal judge has agreed to pause a lawsuit filed by 18 state attorneys general and the crypto lobby group DeFi Education Fund against the Securities and Exchange Commission after all parties said new SEC…
“Stablecoins are a digital product that could actually have fairly wide appeal and should contain consumer protections,” Powell said. As digital assets gain mainstream adoption, establishing a legal framework for stablecoins is a “good idea,” said US Federal Reserve Chair Jerome Powell. In an April 16 panel at the Economic Club of Chicago, Powell commented…
Italy’s Minister of Economy and Finance Giancarlo Giorgetti said US stablecoins’ appeal to Europeans should not be underestimated. Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments. Speaking at an…
Reuters reports local governments in China are using private companies to sell seized crypto, going against the country’s trading ban. Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized…
Meta says people’s private messages with friends and family and public data from account holders under the age of 18 are still off-limits for AI training. Tech giant Meta has been given the green light from the European Union’s data regulator to train its artificial intelligence models using publicly shared content across its social media…
The exact nature of the alleged probe remains unclear, though Homeland Security’s El Dorado Task Force primarily targets international money laundering and financial crimes. The US Department of Homeland Security’s El Dorado Task Force has reportedly launched an investigation into Anchorage Digital Bank, a Wall Street-backed cryptocurrency firm. According to an April 14 Barron’s report,…
Google will debut a new crypto ads policy on April 23, requiring advertising exchanges and wallets to be licensed under the MiCA or CASP regulatory frameworks. Google will begin enforcing stricter advertising policies for cryptocurrency services in Europe under the Markets in Crypto-Assets (MiCA) framework, the company said in a recent policy update. The move…
NYDIG analyst Greg Cipolaro says crypto futures rates have been “persistently positive” amid the Trump administration’s flip-flopping tariff regime. Crypto markets have been fairly stable amid wider market panic caused by US President Donald Trump’s “on-again, off-again” sweeping global tariffs, according to a New York Digital Investment Group (NYDIG) analyst. “Despite the carnage in traditional…
The Trump administration continues to flip-flop on tariff policy, casting a cloud of constant macroeconomic uncertainty over markets. Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection. On April 13, Lutnick told ABC News that the…
The Social Security Administration (SSA) has explicitly stated that rumors of a 50% or more reduction of its workforce are false. The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon…