US Releases Draft Crypto Framework—‘Golden Age of Digital Assets Is Here’

The U.S. has unveiled a sweeping draft crypto bill that redefines digital asset oversight, igniting momentum for regulatory clarity, investor protection, and global market leadership. New US Crypto Asset Bill Draft Drops: ‘We Made Historic Progress’ The U.S. House Committee on Financial Services released a statement on May 5, unveiling a draft bill proposing a … Read more

Indonesia Freezes World’s License Over Regulatory Violations

Indonesia has temporarily frozen World’s Electronic System Organizer Registration Certificate (TDPSE) due to alleged violations of electronic system regulations. World’s Violation of Electronic System Rules The Indonesian Ministry of Communication and Digital has temporarily frozen the Electronic System Organizer Registration Certificate (TDPSE) for World (formerly Worldcoin) and Worldid services, citing alleged violations of electronic system … Read more

Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June

Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts of interest and minimize market impact. Promoting a Sound Donation Culture South Korean nonprofit organizations and virtual asset exchanges will be allowed to freely … Read more

Arizona Crushes Game-Changing Bitcoin Bill—Labels Crypto ‘Untested’

Arizona’s chance to pioneer crypto-driven public finance was abruptly halted as the governor axed a game-changing bill that would’ve let state retirement funds buy bitcoin. Arizona Governor Kills Bitcoin Bill for Public Crypto Investment Arizona Governor Katie Hobbs vetoed Senate Bill 1025 on May 2, blocking a legislative proposal that would have allowed public funds—including … Read more

Texas Congressman Wants Crypto ATMs in Federal Government Buildings

The 47-year-old lawmaker submitted his proposal to a government agency that manages a real estate portfolio of 8,397 federal properties. Federal Buildings Could Get Crypto ATMs Under New Proposal Congressman Lance Gooden who represents Texas’ 5th District in the U.S. House of Representatives submitted a letter on Thursday to the General Services Administration (GSA), an … Read more

Britain’s Financial Watchdog to Stop Lending for Crypto Asset Purchases

The Financial Conduct Authority (FCA), Britain’s financial watchdog, has decided to step in and stop financial institutions from giving credit to facilitate the purchase of cryptocurrency assets. The decision is part of a larger set of rules the institution aims to include to streamline crypto regulation. “Crypto is an area of potential growth for the … Read more

Crypto Council Letter Urges SEC to Provide Clarity on Staking

The organization is a collection of more than thirty crypto firms that lobby public institutions for better regulation of the industry. Industry Leaders Call on SEC to Define Rules for Crypto Staking The Crypto Council for Innovation (CCI), an advocacy group for more favorable crypto regulation, submitted a letter to the U.S. Securities and Exchange … Read more

EU Securities Watchdog ESMA Issues Guidelines to Combat Market Abuse in Crypto Assets Under MiCA

On April 29, 2025, the European Securities and Markets Authority (ESMA) published guidelines to enhance supervisory practices for preventing and detecting market abuse in crypto assets under the Markets in Crypto Assets Regulation (MiCA). Tailored for National Competent Authorities (NCAs), the guidelines draw on ESMA’s experience with the Market Abuse Regulation (MAR) and address the … Read more

UK Treasury Unveils Draft Cryptoasset Regulations, Seeks Feedback by May 2025

On April 29, 2025, the UK Treasury announced the release of a draft Statutory Instrument (SI) and a Policy Note detailing the UK’s upcoming financial services regulatory framework for cryptoassets, including stablecoins. Following proposals outlined in October 2023 and reaffirmed in November 2024, the draft SI establishes new regulated activities, such as operating cryptoasset trading … Read more

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