Key Takeaways Ripple argues that the SEC should focus on existing statutes and defer new crypto regulations to Congress. Ripple criticizes the previous SEC administration’s application of the Howey test as distorted and complex. Share this article Ripple has called on the SEC to stick to existing statutes and let Congress establish new legal frameworks…
The US Securities and Exchange Commission (SEC) has officially ruled that proof-of-work (PoW) cryptocurrency mining does not constitute securities trading under US law. Importantly, the SEC has clarified that Bitcoin, Litecoin, and Dogecoin are treated as commodities rather than securities. According to a 21 March 2025 SEC statement, “It is the Division’s view that participants…
Pi Network (PI) is crashing again, with PI’s price dropping another 25%, leaving many wondering if the mobile mining dream is finally dead. Early investors are bailing as the token keeps tanking. Meanwhile, some whales are wasting no time and are pouring money into Solaxy (SOLX) instead – betting on its Solana scaling solution as…
My parents once dismissed Bitcoin as “made-up internet money”, yet they are increasingly asking me how to gain exposure to the digital currency. The launch this week of a 2x long Coinbase ETF is the latest example of how Wall Street recognizes demand from traditional equity investors. Owning crypto outright is out of the question…
Key Takeaways OFAC removed Tornado Cash from its sanctions list but maintained sanctions on its founder. The removal stems from a court ruling that Tornado Cash’s smart contracts aren’t ‘property.’ Share this article The US Treasury’s Office of Foreign Assets Control (OFAC) has removed Tornado Cash, the prominent crypto mixing service, from its Specially Designated…
Gary Stevenson, the man who dubs himself the “Greatest Trader Alive,” has repeatedly dismissed Bitcoin crypto as a worthless scam destined to plummet to zero, attributing its value solely to marketing hype. On the contrary, the trader bold YouTube assertions clash with the current crypto market. Backed by technical data, adoption trends, and market insights,…
South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanction Crypto Exchanges The Financial Intelligence Unit (FIU) of South Korea’s Financial…
Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the chief executive officer of Tether, the company is “engaging” one of the top accounting firm in the world with a view to getting its Tether (USDT) reserves audited. Reuters highlighted this development in…
Key Takeaways Bo Hines discussed the idea of using US gold reserves, stored in Fort Knox, to purchase Bitcoin. Senator Lummis has recently reintroduced the Bitcoin Act for a major US Bitcoin acquisition. Share this article Bo Hines, Trump’s Crypto Council Chief and head of the Presidential Council of Advisers for Digital Assets, also known…
Russia is thinking of using the confiscated cryptocurrency in criminal proceedings “for the benefit of the state.” The country may move forward with plans to establish a government cryptocurrency fund using assets confiscated from criminal proceedings. On 20 March 2025, Evgeny Masharov, a member of the Russian Federation’s Public Chamber Commission for public examination of…
