In recent years, the rise of prediction markets has created a stir, especially those focused on political outcomes. Congressman Ritchie Torres has taken a pivotal stance, requesting the Commodity Futures Trading Commission (CFTC) to regulate these platforms rather than stifle them. In a society that grants its citizens the ability to wager on various outcomes,
Regulation
The digital asset ecosystem is experiencing an unprecedented transformation, and the recent establishment of the MiCA Crypto Alliance by the DLT Science Foundation (DSF) marks a significant milestone in this evolution. Announced on September 16, the alliance has garnered attention due to the involvement of major players including Hedera, Ripple, and the Aptos Foundation. With
The cryptocurrency world has emerged as an alluring frontier, enticing hackers and fraudulent actors with the promise of a decentralized and high-value ecosystem. For firms providing crypto custody, the stakes are significantly higher than those seen in traditional asset management. While traditional asset custody—such as managing stocks and bonds—has been regarded as straightforward, the nature
Amidst the tumultuous world of cryptocurrency, regulatory bodies are now finding themselves at a crossroads, grappling with the nuances of digital assets. One of the most notable developments in this regard is the amended complaint filed by the U.S. Securities and Exchange Commission (SEC) against Binance, one of the largest cryptocurrency exchanges globally. The new
The Australian Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 has emerged as a focal point in national discourse, creating a battleground between the imperatives of free speech and the perceived need to regulate misinformation. The bill seeks to establish greater accountability for tech companies that disseminate information, specifically targeting issues that pertain to
Recently, Congressman John Rose unveiled a significant legislative proposal known as the BRIDGE Digital Assets Act, aimed at enhancing the regulatory landscape for digital assets in the United States. This initiative seeks to address the pressing need for clearer guidelines and more effective collaboration between two crucial regulatory bodies: the Commodity Futures Trading Commission (CFTC)
In a significant development, online trading platform eToro has announced it will suspend trading in most digital assets after reaching a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). This decision, revealed in a statement issued on September 12, comes on the heels of an investigation that found eToro allowed U.S. clients
The Commodity Futures Trading Commission (CFTC) recently announced a partnership with federal and private organizations to tackle the rise of crypto scams, particularly the so-called “pig butchering” schemes. These scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. The CFTC’s campaign aims to preemptively prevent
Lawmakers have raised concerns about the Securities and Exchange Commission (SEC) engaging in politically motivated hiring practices. The joint investigation was initiated by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.). They are seeking to determine whether the SEC violated federal
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the United Kingdom Parliament marks a significant milestone in the realm of property law. This groundbreaking legislation seeks to recognize digital assets such as crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This move is