Following the November 2022 collapse of FTX cryptocurrency exchange, two Congressional committees held hearings in December 2022, where John Ray III, FTX's new CEO, and Rostin Behnam, CFTC Chairman, provided detailed accounts of the company's governance failures and the need for regulation. The Senate Agriculture Committee
Cryptocurrency markets are experiencing significant price fluctuations and uncertainty in 2025 due to a surge in cybercrime, which has led to over $2.2 billion in theft during the first half of the year, including a $1.5 billion fraud linked to North Korea's Lazarus Group. Bitcoin has
The global cryptocurrency regulatory landscape is undergoing a significant transformation, leading to the decline of offshore havens and the rise of regulated jurisdictions, as exemplified by the Monetary Authority of Singapore's (MAS) June 2, 2025 announcement requiring Singapore-incorporated firms serving offshore crypto clients to obtain licenses or cease
California Democratic Senator Adam Schiff introduced bill S.2143, titled the Public Officials Income Limitation and No-Gain Act, on June 18, 2025, which would prohibit federal officials from promoting or profiting from cryptocurrency projects during their term of office. The legislation would specifically bar elected officials, high-ranking executive branch officials,
Turkey's Finance Minister Mehmet Şimşek announced on June 24, 2025, that the country is implementing new measures to regulate cryptocurrency transactions, specifically targeting the laundering of criminal proceeds from illegal betting and fraud. According to information published by the state-owned Anadolu news agency and shared by the minister,
On June 23, 2025, Texas became the first U.S. state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 (SB 21) into law. The new legislation directs the state to establish a $10 million Bitcoin reserve managed independently from the main treasury,
The GENIUS Act for stablecoin regulation, signed by President Donald Trump on July 18, 2025, has created an unprecedentedly complex supervisory system that tasks 55 different regulatory agencies with overseeing the $250 billion market. Georgetown University finance professor James J. Angel criticises the law for fragmenting supervisory authority among the
Financial Stability Board Chair Klaas Knot warned on June 12th in Madrid that whilst the FSB has long maintained that crypto does not yet pose a systemic risk, recent developments suggest we may be approaching a tipping point. Knot highlighted that barriers for retail users have dropped significantly, particularly with
The United States Department of Justice (DOJ) issued a memorandum on April 7, 2025, that immediately disbanded the National Cryptocurrency Enforcement Team (NCET), significantly reducing its capacity to pursue digital asset-related crimes. The four-page document titled "Ending Regulation by Prosecution," signed by Deputy Attorney General Todd Blanche, explicitly
U.S. state legislators are introducing strict regulations for cryptocurrency kiosks in the first quarter of 2025, following an FBI report that documented more than 5,500 complaints related to these machines nationwide in 2023, resulting in losses exceeding $189 million. The Maryland General Assembly is currently considering legislation that
Censorship-resistant "dark stablecoins" may see increasing demand amid tightening regulations, according to the CEO of crypto analytics firm CryptoQuant. In a May 11, 2025 post, Ki Young Ju warned that any stablecoin issued by a country could soon face strict government regulation, leading to automatic tax collection, wallet
The European Union will ban anonymous crypto accounts and privacy-enhancing cryptocurrencies like Monero and Zcash by 2027. The decision is part of the EU's new Anti-Money Laundering Regulation (AMLR), which explicitly prohibits credit institutions, financial institutions, and crypto-asset service providers (CASPs) from maintaining anonymous accounts and handling privacy-enhancing
