The crypto industry and investors are awaiting the completion of the US CLARITY Act, which has been delayed amid partisan politics and industry concerns. The bill would rewrite the rules of the road for the crypto industry, from which agency oversees it to regulations for decentralized finance (DeFi). Currently, lawmakers in the US Senate are…
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Bitcoin market observers believe that the recent price slump may actually reflect the asset’s wider adoption by institutions, which still don’t see it as a risk-off asset. It’s been rough out there for crypto in recent months. Since October, when Bitcoin’s price reached a high of over $120,000, BTC has been gradually sliding. In recent…
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Political action committees (PACs) representing the interests of the crypto industry have already secured millions of dollars in funding as the US heads toward its midterm elections. Super PACs are the uber-rich, no-limits, non-disclosure counterparts to crypto PACs. Last year, the industry spent at least $245 million in campaign contributions alone. The main super PAC…
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Alongside many of the world’s rich and powerful, some prominent leaders in the crypto industry are explaining their connections, however tenuous, with the late sex trafficker Jeffrey Epstein. The US Department of Justice (DOJ) released millions of new files on Saturday, among which appeared the names of several prominent crypto figures. The connections vary from…
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The UK’s top financial regulator is finalizing its framework for the crypto industry. The rulemaking process has been long, but industry observers note that the country has avoided the political tit-for-tat that is hampering the US CLARITY Act. On Jan. 23, the Financial Conduct Authority (FCA) released its final consultation. The public may now comment…
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The United States’ geopolitical brinkmanship over Greenland has thrown its economic ties to the EU into sharp relief. European powers are considering what instruments it has to combat US belligerence, including the “nuclear option” of offloading US debt. The tone has shifted after a supposed “framework of a deal” at Davos, and US ambitions to…
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The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos. Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or…
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On Jan. 16, Pennsylvania-based lender Newrez announced plans to accept certain cryptocurrency holdings when considering mortgage applications. The change, which the company said will take effect in February, will apply to loans for homes, refinancing and other investment properties. For Newrez, the plan comes on the tailwinds of directions from the US Federal Housing Finance…
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The US Department of Justice, at the direction of President Donald Trump, has opened a criminal investigation into Federal Reserve Chairman Jerome Powell. The DOJ alleges that the chair has misallocated funds in the course of renovations of Federal Reserve office buildings, a claim that Powell has denied. The Fed chair said that the charges…
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Lawmakers and crypto industry bigwigs have hit an impasse over the crypto market structure bill that had been making its way through the Senate. Now the future of the bill is uncertain as legislators go back to the drawing board. The initial goal had been to pass the landmark crypto legislation by September 2025. The…
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