The US Office of the Comptroller of the Currency has conditionally approved five national bank charter applications for companies tied to the digital assets industry. In a Friday notice, the OCC said it had conditionally approved BitGo, Fidelity, and Paxos to convert their existing state-level trust companies into federally chartered national trust banks. In the…
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Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud. In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison for his role…
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The top Republican on the Senate Agriculture Committee said the full chamber could vote on US President Donald Trump’s pick to chair the Commodity Futures Trading Commission “maybe as soon as this afternoon.” In a prepared statement for a Thursday hearing on CFTC reauthorization, Committee Chair Glenn Thompson said the Senate could vote on Michael…
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SEC Commissioner Caroline Crenshaw, expected to leave the agency in less than a month, used one of her final public speaking engagements to address the regulator’s response to digital assets. Speaking at a Brookings Institution event on Thursday, Crenshaw said standards at the SEC had “eroded” in the last year, with “markets [starting] to look…
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Galaxy, the digital asset management and infrastructure company, announced an upcoming office and a new arm in Abu Dhabi as part of its push into the Middle East. In a Wednesday notice, Galaxy said it would establish an entity under the registration authority of the Abu Dhabi Global Market (ADGM), the area’s international financial center.…
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The American Federation of Teachers (AFT), a union championing educators in the United States, has voiced its opposition to crypto market structure legislation moving through the Senate, claiming it “threatens the stability of their retirement security.” In a Monday letter to Republican and Democratic leaders on the US Senate Banking Committee provided by CNBC, the…
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A new regulatory filing by Tidal Trust has proposed listing and trading an exchange-traded fund that will hodl Bitcoin during off-market hours. In a Tuesday filing with the US Securities and Exchange Commission, Tidal Trust II filed a Form N-1A registration statement to add two Nicholas Wealth Management ETFs tied to Bitcoin (BTC) to its…
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CryptoUK, a UK-based cryptocurrency trade association, has announced that it will join The Digital Chamber, a US crypto policy advocacy group, potentially marking a significant cross-collaboration on digital asset regulation between the two countries. In a Tuesday notice, CryptoUK said its team would fall under The Digital Chamber’s umbrella as part of a “unified, cross-border…
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Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee and one of the most prominent proponents for addressing digital asset market structure in Congress, said she wants to take the next step in advancing the bill sometime next week. Speaking at the Blockchain Association Policy Summit on Tuesday, Lummis said she anticipated…
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With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the Terraform Labs co-founder’s legal troubles in his native country, South Korea, and Montenegro. In a Monday filing in the US District Court for the Southern District of…
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