Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike.
Federal Reserve Board of Governors member Adriana Kugler announced her resignation on Aug. 1, paving the way for a Trump nominee at the US central bank.
Trump’s executive order comes as a group of bank associations tries to block bank applications from four digital asset firms.
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud.
The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight.
The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.
An SBI Holdings representative told Cointelegraph that the company has not filed any crypto-asset ETF applications.
Ripple Labs and the SEC have both filed to drop their legal appeals in a yearslong court battle over the securities classification of the XRP token.
The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump’s sons and others.
The SEC staff guidance on liquid staking could be a boon for institutions that want to include the technology in products, but there’s still uncertainty.