Lawmakers are expected to use the research to decide whether new rules or enforcement measures are needed Lawmakers in Texas are preparing to examine how cryptocurrency fits into the state’s broader financial and regulatory framework. Lieutenant Governor Dan Patrick has directed Senate committees to study digital assets ahead of the 2027 legislative session. The review
The settlement resolves just one of the issues facing the exchange KuCoin has reached a settlement with the Commodity Futures Trading Commission, agreeing to pay a $500,000 civil penalty. The case focused on claims that the platform operated without proper registration in the US. The agreement was finalized through a court order in the Southern
The platform now offers support for Solana, Cardano and Polygon Walmart is expanding its push into digital finance through its OnePay platform, adding a wider range of cryptocurrencies to its growing app. The move signals a steady effort to make crypto more accessible to everyday users who already rely on the retailer’s ecosystem. Since launching
The move could push some investors to trade offshore, removing regulatory controls Concerns are growing on Wall Street as TD Securities pushes back on efforts by Nasdaq to bring tokenization into capital markets. The firm warns that these plans could reshape how stocks are traded, and not necessarily in a smooth way. At the center
Bo Shen lost around $42 million in a hack of his wallet in 2022 Co-founder of VC firm Fenbushi Capital, Bo Shen, is renewing efforts to recover millions in stolen cryptocurrency by offering a financial reward to those who can help track it down. The funds were taken from his personal wallet during a 2022
One of the “Big Four” accounting firms will oversee the audit Tether has confirmed plans to move forward with a full independent audit of its reserve holdings, marking a major step after years of scrutiny. The company said it has chosen a “Big Four” accounting firm to carry out the review, though it has not
The focus now shifts to whether a leaner approach can stabilize operations and restore confidence Balancer Labs is preparing to shut down following ongoing financial strain tied to a major security breach last year. The decision comes months after a hack that resulted in losses of roughly $116 million, which continues to impact the project’s
The previous 25,000-contract limit on these digital asset options has been removed The New York Stock Exchange has officially updated its rules to benefit investors trading Bitcoin and Ether ETFs. Two major exchanges under the NYSE umbrella, NYSE Arca and NYSE American, removed the previous 25,000-contract limit on these digital asset options. The Securities and
Around 72% of those polled feel that digital assets are now a requirement in finance A recent survey from Ripple shows that a large majority of global finance leaders now view digital assets as a requirement for staying competitive. About 72% of the 1,000 professionals polled believe that companies must offer these solutions to keep
Canada is increasing efforts to reduce the risks of money tied to digital currencies Canada has intensified its oversight of cryptocurrency businesses, with the country’s financial intelligence unit revoking licenses of 47 crypto-related money services businesses (MSBs) this year. These actions are part of broader efforts to reduce risks of money laundering and financial fraud
The company’s continued weak performance has regulators concerned Connecticut regulators have temporarily halted operations of Bitcoin Depot, a major US cryptocurrency ATM provider, citing multiple alleged violations of state law. The Connecticut Banking Commissioner, through the Consumer Credit Division, issued a cease-and-desist order on March 9, suspending the company’s money transmission license. The action highlights
The change in the two-year-old case comes as the agency re-evaluates the evidence The US Securities and Exchange Commission (SEC) has moved to dismiss its case against Nader Al-Naji, ending a legal dispute that lasted about two years. The request was filed in the US District Court for the Southern District of New York and
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