Dan Gallagher, Robinhood Markets' Chief Legal Officer (CLO) and former SEC commissioner, has decided not to pursue the role of Chair at the U.S. Securities and Exchange Commission (SEC). Notably, his decision comes amid growing speculation regarding leadership changes following the 2024 presidential election. Robinhood’s Dan Gallagher bows out of race for SEC chair — despite…
On November 14, eighteen US states filed to sue the Securities and Exchange Commission (SEC) for "unconstitutional overreach and unfair persecution" of the crypto industry under Gary Gensler's leadership. Notably, it was a joint filing led by Russell Coleman, Kentucky's Attorney General (AG), in a Kentucky district Court. Accordingly, other AGs partnered with AG Coleman to…
Donald Trump's upcoming administration would install crypto-supportive candidates in key federal finance positions to foster a more receptive inclination towards crypto in the United States. Notably, this aligns with the ultimate goal of elevating the country to the status of the "Crypto Capital of the planet," as reported by local media. In his second term…
Popular crypto payment platform, Alchemy Pay has just received new licensing in four states in the USA. Notedly, the platform obtained a Money Transmitter License (MTL) in the states of Oklahoma, Wyoming, Minnesota and Oregon. 🇺🇸4 more state licenses in our pocket! #AlchemyPay now holds MTLs in Minnesota, Oklahoma, Oregon, and Wyoming—bringing our total to…
The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s adoption of cryptocurrencies, recommending the licensing of global cryptocurrency exchanges. This move aims to address Nigeria's macroeconomic challenges, including currency instability and inflation, while bolstering its position in Africa's burgeoning crypto market. Nigeria has faced significant economic hurdles, with a notable issue being the discrepancies…
In a pivotal moment for the crypto industry, H.R. 4763, known as the Financial Innovation and Technology for the 21st Century Act (FIT 21), is set for a crucial vote in the U.S. House of Representatives next week. This bill aims to create a comprehensive regulatory framework for digital assets, which many believe is essential…
Editor's note: An oversight was made in regards to the value of the settlement proposed in this case. The article was fixed to showcase the factual truth. If you have been close to, or participated in the Tezos ICO, you are already aware of the significant amount of disputes and lawsuits that have followed in the…
ICO Rating has been fined $268,998 by the US Securities & Exchange Commission (SEC). This was after the Russian based analytics company hid information about the earnings it received from advertising digital offerings. According to a Press release by the SEC dated August 20, 2019, the Initial Coin Offering (ICO) center generated reports of virtual assets,…
Being part of a community is crucial to any investor’s growth. This is particularly true for the cryptocurrency sector, where stakeholders have to be up to date with the latest information before committing their money. Perhaps that is why the US Securities & Exchange Commission (SEC), through its Strategic Hub for Innovation & Financial Technology…
Cboe exchange withdraws VanEck-SolidX ETF proposal prematurely, IMF consulting Malta on how to continue and what to fix, South Korean exchanges joining hands to prevent scammer and hacker success, Maduro's gold stuck in the UK due to US sanctions (Kraken CEO has something to say about that), Kik messenger likely to bravely go to court…