Although the SEC initiated its appeal in mid-October 2024, the January 2025 filing formally presents the SEC’s arguments challenging the court’s position that Ripple’s sale of XRP on crypto exchanges…
The report noted, among other findings that: “[the] anticipation of a new pro-crypto administration provided clarity to DeFi projects and boosted institutional confidence in crypto as an asset class.” The…
The IMF report finds that Kenya lacks crypto-specific regulations, as existing frameworks under the CMA Act and CBK Act provide limited applicability, which led to market uncertainty and regulatory gaps.…
The Federal Reserve Board announced Barr’s resignation on 6 January, but will continue to serve as Board Governor. The Fed’s announcement mentioned that Barr submitted his resignation letter to President…
The Rules aim to create a clear regulatory framework for the Philippine crypto industry, provide investor protection, and ensure compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) standards.…
Stuart Alderoty, Chief Legal Officer of Ripple, recently challenged the U.S. Securities and Exchange Commission’s (U.S SEC) jurisdiction over transactions involving digital assets. In a post on X on 31…
The rules require DeFi brokers to report overall proceeds from certain digital assets transactions they facilitate for customers. The suit also added Janet Yellen, in her official capacity as Secretary…
This new restriction adds to China’s series of regulations against cryptocurrency activities. The country views digital assets like bitcoin (BTC) as a potential threat to the nation’s financial stability. Since…
by Jude Ayua and Senator Ihenyen
The European Union (EU)’s Markets in Crypto Assets (MiCA) Regulation entered into force on 30 December 2024. MiCA is the first European regulation governing the cryptocurrency…
by Jude Ayua
The US Internal Revenue Service (IRS) has introduced 2024 regulations applicable to brokers that provide services to enable special digital asset sales and exchanges. Approved 5 December and…