Regulation

FDIC says banks can engage in crypto activities without prior approval

FDIC says banks can engage in crypto activities without prior approval

The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without first obtaining the agency’s approval, provided they manage the associated risks by safety and soundness standards. The announcement, published as Financial Institution Letter (FIL-7-2025), rescinds FIL-16-2022 and marks a significant policy shift for […]

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Nasdaq files for Grayscale’s spot Avalanche ETF (AVAX)

Nasdaq files for Grayscale’s spot Avalanche ETF (AVAX)

Key Takeaways Nasdaq filed with the SEC to list and trade shares of Grayscale’s spot Avalanche ETF. The ETF would provide exposure to AVAX and is currently without a designated ticker symbol. Share this article Nasdaq has filed Form 19b-4 with the US Securities and Exchange Commission (SEC), seeking approval to list and trade shares

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Bitpanda Expands to UAE After Securing VARA License

Bitpanda Expands to UAE After Securing VARA License

Vienna-based crypto platform Bitpanda has obtained a broker-dealer license from Dubai’s VARA, allowing it to serve users in the UAE. Bitpanda Expands Into the Middle East Bitpanda, the Vienna-based crypto asset platform, has secured a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA). The license enables Bitpanda to open its platform to users

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South Carolina proposes new bill authorizing up to 1 million Bitcoin investment

South Carolina proposes new bill authorizing up to 1 million Bitcoin investment

Key Takeaways South Carolina has proposed a bill to allow state investments in Bitcoin and other digital assets with a cap of one million Bitcoins. The proposed legislation mandates secure custody, transparency, and regular audits of digital asset holdings. Share this article South Carolina lawmakers on Thursday introduced the “Strategic Digital Assets Reserve Act,” a

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‘I Am Bullish’: Senator Fuels Aggressive Push for US Digital Supremacy

‘I Am Bullish’: Senator Fuels Aggressive Push for US Digital Supremacy

“Bullish” lawmakers vow to reclaim U.S. digital supremacy, pushing legislation to reverse blockchain industry flight and anchor innovation on American soil before it’s too late. Confidence Surges in D.C. as Lawmakers Gear Up for US Blockchain Domination Senate Banking Committee Chairman Tim Scott and House Financial Services Committee Chairman French Hill shared their unified stance

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Hints of Consensus Around Bitcoin as a Reserve Asset in Brazil Arises

Hints of Consensus Around Bitcoin as a Reserve Asset in Brazil Arises

A high-ranking official has called for a deeper debate regarding bitcoin as a reserve asset in Brazil, calling it “internet’s gold.” While President Lula’s government has been neutral about cryptocurrency, there is already a proposal to create a bitcoin reserve pending in Congress. Discussion Around Bitcoin Strategic Reserve Heats up in Brazil Positive signs are

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Senate Banking Committee grills Paul Atkins over crypto ties as he vows SEC reforms

Senate Banking Committee grills Paul Atkins over crypto ties as he vows SEC reforms

Paul Atkins, former SEC Commissioner and President Donald Trump’s nominee to chair the US Securities and Exchange Commission (SEC), appeared before the Senate Banking Committee on March 27, vowing to restore clarity and restraint to the agency’s regulatory agenda. A key focus of his testimony was the need for coherent rules governing digital assets, which

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Crypto Rule Repeal Hits Trump’s Desk—Massive Regulatory Rollback Imminent

Crypto Rule Repeal Hits Trump’s Desk—Massive Regulatory Rollback Imminent

The Senate voted 70-28 to crush an IRS rule targeting DeFi developers, delivering a sweeping crypto victory now heading to Trump’s desk for final approval. Senate Overturns IRS Crypto Rule in Landmark Victory for Decentralized Innovation U.S. Senator Ted Cruz (R-TX) announced on March 26 that his resolution to overturn a controversial Internal Revenue Service

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South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing regulatory challenges. Chosun Bix, citing the firm’s annual business filing, reported that Dunamu’s operating profit surged 85.1% to 1.19 trillion won (approximately $682 million) in 2024. According to the report, the firm’s revenue climbed

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SEC Just Dropped 4 New Crypto Roundtables—Public Invited to Shape Regulations

SEC Just Dropped 4 New Crypto Roundtables—Public Invited to Shape Regulations

Regulators signal a seismic shift toward crypto clarity with four new SEC roundtables, fueling optimism as trading, custody, DeFi, and tokenization take center stage. Crypto Regulations Enter New Phase as SEC Unleashes 4 New Roundtables The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force revealed plans Tuesday to hold four additional public roundtables in

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