SEC grants approval for Grayscale’s large-cap cryptocurrency fund to be changed into an ETF
Grayscale Gets Approval for ETF Conversion On Tuesday, the U.S. Securities and Exchange Commission (SEC) gave the green light for asset manager Grayscale to transform its substantial digital fund into an Exchange Traded Fund (ETF). This fund includes the five largest cryptocurrencies based on market capitalization, as outlined in the Coindesk Five Index. Bitcoin (BTC) […]
Swyftx in Australia to Purchase Caleb & Brown in Historic $66M ANZ Cryptocurrency Agreement
Simply put Brisbane’s Swyftx is set to establish a presence in the US by acquiring Caleb & Brown’s private client securities model. This acquisition is part of Swyftx’s broader effort to expand after recently securing a deal to buy New Zealand’s Simple Crypto. CEO Jason Titman believes that the easing of US regulations under Trump […]
Major Changes for Stablecoins: Implications of the New U.S. Law for Cryptocurrency
On June 17, the US Senate approved the Stablecoins Act, part of a broader effort to create a national innovation framework, with a bipartisan vote of 68-30. This bill aims to implement the first comprehensive federal regulations for stablecoins in the United States, pending approval from the House and the President’s signature. The proposed legislation […]
Cryptocurrency cards surpass banks in small transactions across Europe: Report
Crypto Cards Disrupting Traditional Banking in Europe Crypto cards are changing the way small transactions are handled in Europe, with nearly 45% of crypto card purchases being under 10 euros (about $11.70). Traditionally, this segment has been dominated by cash payments. A recent report from CEX.IO, shared with CointeLegraph, notes that spending habits among crypto […]
Senators and the White House consider September deadline for cryptocurrency regulations
White House and Senators Push for Crypto Surveillance Law On Thursday, a White House adviser alongside two prominent senators announced plans to establish regulations for the cryptocurrency sector, aiming for completion by the end of September, with a proposed early August deadline. Senate Banking Committee Chairman Tim Scott (R-S.C.) laid out this new timeline during […]
White House initiative on stablecoins clashes with attempts to link cryptocurrency legislation
The White House is urging the House of Representatives to expedite the passage of stablecoin legislation with minimal alterations. This push aims to counter efforts to link the bill to a broader cryptocurrency regulatory framework. Following the Senate’s approval of the Genius Act last week, President Trump has urged the House to act swiftly, emphasizing […]
US Senator Aims for 2026 Deadline for Two Cryptocurrency Bills
Senator Ramis Aims for Crypto Legislation by Year-End Senator Cynthia Ramis of Wyoming expressed optimism about Congress passing two key bills related to cryptography and market structures “by the end of the year.” During her remarks at the Bitcoin Policy Summit in Washington, D.C., she touched on guidelines aimed at providing clarity for the digital […]
National Regulator Begins to Explore the Inclusion of Cryptocurrency in Mortgage Applications
FHFA Director Signals Change in Mortgage Application Process William Plute, the Director of the Federal Housing Finance Agency, has recently issued instructions to Fannie Mae and Freddie Mac. These guidelines suggest incorporating cryptocurrency holdings when assessing assets in mortgage applications. By recognizing cryptocurrencies as valid assets, borrowers who possess digital currencies could strengthen their financial […]
Palmer Luckey’s new cryptocurrency bank will be linked to a stablecoin.
Palmer Luckey Launches New Digital Bank Elebor Billionaire Palmer Luckey is diving into the financial industry with a new venture aimed at empowering technology entrepreneurs. The venture, named Elebor, marks another addition to his growing portfolio. The name Elebor appears to draw inspiration from J.R.R. Tolkien’s works. Similar to Anduril, a sword from the lore, […]
SoFi Is Returning to Cryptocurrency, Beginning with Bitcoin and Ethereum
Simply Put Financial services company Sofi is now facilitating Bitcoin and Ethereum transactions for its users. Although Sofi initially offered cryptocurrency buying and selling, it halted these services in 2023. In the coming year, the company is expected to introduce support for stablecoins, cryptocurrency loans, and additional features. Based in San Francisco, Sofi plans to […]