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Ripple CEO Brad Garlinghouse says the US Senate Banking Committee is inviting him to testify this Wednesday on the need for passing crypto market structure legislation. In a post to X (formerly Twitter), Garlinghouse thanked the committee’s chairman and South Carolina senator Tim Scott, Wyoming senator Cynthia Lummis, and Arizona senator Ruben Gallego for the invitation. I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Thank you to @BankingGOP Chairman @SenatorTimScott, @SenLummis and @SenRubenGallego (as leaders of the Subcommittee for… — Brad Garlinghouse (@bgarlinghouse) July 7, 2025 “Constructive crypto market structure legislation in the US is imperative in bringing about a new era of innovation and financial opportunity while protecting consumers,” Garlinghouse wrote on Monday. Cryptocurrency has been on the radar of several government institutions and ...

Just last week, the US Securities and Exchange Commission (SEC) made the decision to end its enforcement action against Coinbase. The move was a key part of its continued shift, as it ends its combative stance opposing the cryptocurrency industry. That has continued this week, as the SEC has reportedly ended its investigation into Robinhood. According to a press release from the platform, the agency’s enforcement division has ceased its probe and “will not pursue enforcement action.” Indeed, the update follows the issuance of a Wells Notice from the agency in May 2024 that Robinhood chief legal officer Dan Gallagher says “never should have been opened.” JUST IN: SEC ends investigation into Robinhood. — Watcher.Guru (@WatcherGuru) February 24, 2025 Also Read: XRP ETF Gets New Timeline for SEC Approval: What to Know SEC Closes Robinhood Investigation As Crypto Policy Overhaul Continues Just one month ago, the SEC announced the launch of its new crypto task f...

David Sacks, the “crypto czar,” hosted a press conference alongside Representative French Hill, Senator John Boozman, Senator Tim Scott, and Representative GT Thompson to assure the world that they hope to advance stablecoin and cryptocurrency market structure legislation in both the House and the Senate in the coming months. The congressmen indicated that the market structure bill was likely to resemble the earlier FIT 21 bill, which would make the Commodity Futures Trading Commission (CFTC) the principal market regulator for any cryptocurrency that fit its broad definition of decentralized. However, certain roles would be preserved for the Securities and Exchange Commission (SEC) .  Additionally, the congressmen suggested that the stablecoin bill would resemble the bill recently introduced by Senator Bill Hagerty. This legislation will reportedly make the Federal Reserve and the Office of the Comptroller of the Currency (OCC) the regulators who would oversee diffe...

European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money. European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets, despite persistent warnings, Reuters reported. “He ignored me royally, which is his privilege,” Lagarde reportedly declared, adding that he lost “almost all the money he had invested.” The ECB chief didn’t disclose the sum her son lost, noting that he claimed it wasn't “a lot,” but only “about 60%” of his crypto investments. “So when I then had another talk with him about it, he reluctantly accepted that I was right,” Lagarde reportedly stated, adding: “I have, as you can tell, a very low opinion of cryptos [....

The head of the European Central Bank (ECB), Christine Lagarde, said that the EU needs its own version of the U.S. Securities and Exchange Commission (SEC). As Financial Times reports, citing Lagarde’s words at a speech in Frankfurt, the creation of a European SEC will help attract the huge funds needed to solve the triple problem of “deglobalization, demographics and decarbonization.” In addition, the official called for an end to the system of national financial exchanges, saying that “the European capital market needs consolidated market infrastructures.” Lagarde also noted that US bond markets are three times larger than those in Europe, and the volume of venture capital funding in the EU is one-fifth that of the U.S. despite the fact that the U.S. economy is more than half the size of the EU, she added. You might also like: EU finance ministers green light MiCA crypto regulation This spring, the European Parliament voted for a law on licensing cryptocurrencies ...

The disclosure will be a part of the party’s effort to show the 'high moral standards' of its candidates. The Democratic Party of Korea, which holds 167 out of 300 mandates in the National Assembly, has made it mandatory for prospective candidates to disclose their virtual asset holdings before next year’s general election. According to the local outlet, News1, the disclosure will be a part of the party’s effort to show the 'high moral standards' of its candidates . As the chairman of the Democratic Party’s strategic planning committee, Han Byung-do has reportedly stated behind the closed-door meeting with journalists: "We have decided to verify whether candidates have conflicts of interest in virtual assets from the screening stage of the verification committee." In the case of false reports, the party will cancel that person's candidature. However, Han Byung-do didn’t elaborate on any consequences for holding crypto .  The information on prospective can...

“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming. The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.   In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures. “NFTs are in a transition phase where they’re moving away from the speculative boom of PFPs, and now it’s going into utilities of brands implementing NFTs across a whole range of different things,” Burks explained. In the Oct. 11 report, the Culture, Media and Sport Committee urged the government to take action to protect artists and content creators from copyright infringement asso...

HashKey becomes the first licensed retail cryptocurrency exchange to launch in Hong Kong and anticipates major growth of the Web3 industry in the special administrative region. Hong Kong retail crypto currency traders now have access to a locally based crypto currency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28. The company was previously permitted to serve professional and institutional investors, before being granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on Aug. 3. This paved the way to becoming the first licensed retail exchange in Hong Kong.  Figures from Hong Kong's treasury, banking, accounting and Web3 ecosystem marked the launch of retail trading at the Maritime Museum Central.  As Cointelegraph previously reported, the exchange now offers Bitcoin (BTC) and Ethereum (ETH) trading pairs with the Hong Kong Dollar (BTC/USD and ETH/USD) and plans to l...

Although the likes of Lazarus Group have stolen billions of dollars worth of crypto, the public ledger technology makes it difficult for them to launder funds, as they can be tracked and frozen. The United States Federal Bureau of Investigation (FBI) has flagged six Bitcoin (BTC) wallets linked to North Korean state-backed hacking group Lazarus. The six wallets contain 1,580 BTC worth $40 million believed to be hoarded from various crypto currency hacks over the past year. The FBI in its investigation found that Lazarus Group moved approximately 1,580 BTC linked with several crypto exploits. These funds are currently sitting in the following Bitcoin addresses: 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL The FBI warned crypto companies that the movement of funds linked to the infamous North Korean hacking group could b...

In a move aimed at tightening regulations in the cryptocurrency sector, Danish financial regulators have taken action against cryptocurrency service providers, specifically targeting local banks from holding cryptocurrency assets as a means of mitigating trading risks. The Danish Financial Supervisory Authority (DFSA) issued an official directive on July 4, instructing Saxo Bank, a prominent investment bank in Denmark, to divest its existing holdings in cryptocurrencies. Strengthening regulations Denmark’s financial regulators have intensified their efforts to strengthen regulations in the crypto currency industry by cracking down on crypto currency service providers, with a specific focus on prohibiting local banks from holding crypto currency assets as a risk management strategy.  Taking a decisive step, the Danish Financial Supervisory Authority (DFSA) issued an official directive on July 4, commanding Saxo Bank, a well-known investment bank in Denmark, to ...

A memo was recently sent to Democrat Committee Members informing them of what is expected of the United States House Committee on Financial Services regarding cryptocurrencies. This memo was circulated before the joint meeting between several relevant U.S. House Committees including House Financial Services Committee and House Agriculture Committee which was held on May 10th. advertisement Looking at the ‘key messages’ highlighted in the memo, Vaughan believes that Democrats are only trying to destroy crypto with all that they are requesting. Democrats are trying to kill crypto and Bitcoin . Sad. https://t.co/MkHkn1QCma — Wayne Vaughan (@WayneVaughan) May 10, 2023 Trending Stories LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch 24/7 Cryptocurrency News Bitcoin Price Analysis : Multiple Resistances Put BTC Price Under 10% Downside Risk 24/7 Cryptocurrency News SUI Price Analy...

According to Zambia’s tech minister, Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto. Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen in the real world,” to assist in forming crypto regulation s. Zambia’s central bank and securities regulator commenced the tests on Feb. 19 which Mutati said was looking to balancing safety and innovation: “Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments [...] against citizens’ safety, particularly given that cryptocurrency is very volatile.” Additionally, Mutati stated that before cryptocurrencies can be introduced, ...

The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia. One of the primary benefits of Blockchain Technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a Blockchain network, it cannot be altered, making it an ideal solution for record-keeping.  Tokenized assets, such as nonfungible tokens (NFTs), can also be placed on a blockchain. This can verify ownership while demonstrating that certain events occurred at particular times. For example, the Meta History Museum tokenized data from the war in Ukraine in May 2022, placing the information on a blockchain network to preserve records of the war. Ensuring that specific events take place is also becoming more important than ever due to the rise of artificial intelligence (AI) and its ability to generate deep fakes, along with historical images that may appear realistic. N...

The media’s lawyers argued the public’s right to know Bankman-Fried's sureties outweighed their privacy and safety rights, but Bankman-Fried’s lawyers strongly disagreed. Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried's $250 million bond.  In a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan, attorneys from Davis Wright Tremaine LLP — acting on behalf of the Media giants — argued that “the public’s right to know Bankman-Fried's guarantors outweighed their privacy and safety rights.” Media organizations looking to persuade the judge to unseal the identities of Bankman-Fried's guarantors include the Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider and the Washington Post. Cast your vote now! In making their case, the media’s lawyers used case precedent from Ghislaine Maxw...