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Policy & Regulation

Policy & Regulation

South Korea’s FSC denies decision on corporate crypto account roadmap

The financial watchdog said discussions are ongoing, despite local reports claiming otherwise.

Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell

US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

Bitcoin ‘still in early innings’ at $100K — ARK’s Cathie Wood

Bitcoin became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value.

CFTC bags record $17B in 2024 thanks to massive crypto enforcement

The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.”

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

Haliey Welch’s memecoin HAWK has plunged 90% since its launch, though Welch has denied any insider sales from herself or her team.

Roger Ver moves to dismiss US tax evasion charges as ‘unconstitutional’

Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.”

NYC mayor gloats about Bitcoin holdings: ‘Who’s laughing now?’

Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin.

Trump nominates Paul Atkins to replace Gensler as SEC chair

The president-elect called Atkins a “proven leader for common sense regulations” due to his prior experience as an SEC commissioner.

Missouri bill would ban CBDCs, make gold and silver legal tender

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

IcomTech promoter sentenced to 10 years in prison

The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence.

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