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Browsing Category
Regulations
Tron Inc aims for $1B raise to bolster TRX reserves after merger boost
Tron Inc. has filed to raise up to $1 billion as part of an ambitious push to grow its TRX token reserves, capitalizing on a dramatic surge in its stock following a recent merger.The company, formerly known as SRM Entertainment, disclosed…
Nigeria’s SEC backs stablecoins, signalling new crypto chapter
Nigeria’s Securities and Exchange Commission (SEC) has expressed support for stablecoin businesses that operate within the bounds of the country’s digital asset regulations.During the Nigeria Stablecoin Summit held in Lagos, SEC…
Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge
A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and…
Ethena taps Anchorage to navigate GENIUS Act compliance for USDtb stablecoin
Ethena Labs has partnered with Anchorage Digital to launch a fully regulated version of its USDtb stablecoin within the United States, aligning with the newly enacted GENIUS Act, according to a July 24 statement.The collaboration marks a…
House recess over Epstein standoff stalls crypto policy push until September
The House of Representatives adjourned a week ahead of schedule on July 24, initiating its August recess early and effectively halting all floor activity until after Labor Day.Speaker Mike Johnson announced the break during a floor…
Legislation on a blockchain pilot for Veteran Affairs claims awaits House floor vote
The House is considering a proposal that would require the Department of Veterans Affairs to examine how distributed ledger technology, such as blockchain, can enhance the agency’s claims systems. The “Veterans Affairs Distributed Ledger…
Citadel urges SEC caution on tokenized securities initiative
Citadel Securities has urged the U.S. Securities and Exchange Commission to proceed cautiously with any initiatives that would accelerate the adoption of tokenized securities, warning that a hasty approach could disrupt existing capital…
US awmakers push for crypto clarity with new bill draft
A group of US senators has introduced a discussion draft of a new bill that would establish clearer regulations for the country’s digital asset industry.On July 22, Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno…
Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M
Polymarket acquired the holding company behind QCX LLC and QC Clearing LLC for $112 million, securing a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse.According to the July 21 announcement, the movement…
SEC chair says Ethereum not a security and praises its pivotal role in digital currencies
Securities and Exchange Commission (SEC) Chairman Paul Atkins told CNBC’s “Squawk Box” on July 21 that the agency has “stated informally more than formally” that Ethereum (ETH) is not a security, but deciding whether to hold the token in…
