SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading
The Securities and Exchange Commission (SEC) has approved the proposal to convert the Grayscale Digital Large Cap Fund into an...
Regulations
South Korea halts CBDC plans, shifting focus to bank-led stablecoins
Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the...
Circle targets federally regulated trust status to manage stablecoin reserves, offer custody services
Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves...
US Government To Be Hit With $3,300,000,000,000 in Additional Deficits Under Senate Tax Bill: CBO
The Congressional Budget Office (CBO) says that the government will have to take on an extra $3.3 trillion in deficits...
Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025
The Federal Deposit Insurance Corporation (FDIC) just announced the second bank failure of 2025. Regulators say The Santa Anna National...
Senator Lummis announces OBBB crypto tax amendment while crypto advocates mobilize for approval
Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the...
‘Mastermind of a Complex Web of Deception’ – Ringleader Ran Nationwide Bank Fraud and Money Laundering Operation That Stole $2,000,000: DOJ
The Federal Bureau of Investigation (FBI) says an “elusive” Nigerian man has been convicted of running a nationwide banking and...
‘If We Didn’t Have It, China Would’: Trump Expresses Support for US Crypto Industry, Dodges Question About His Personal Holdings
US President Donald Trump on Friday avoided directly commenting on the controversy surrounding his family’s crypto holdings. At a White...
Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money
A Mexican national has been sentenced to eight years and four months in prison as a major player in a...
FATF sounds alarm over rising stablecoin misuse as global crypto rules lag
The Financial Action Task Force (FATF) said in a report released this week that global efforts to regulate virtual assets...
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