Taurus is continuing its North American strategy with a New York office, its second on the continent, signaling a deeper commitment to the region’s financial ecosystem amid increasing institutional crypto activity. Summary Taurus opens a New York office to launch U.S. operations and expand its institutional crypto services. Regulatory shifts including the GENIUS and Clarity…
Australia is tightening its grip on the crypto industry as regulators move to redefine what falls under financial oversight. Summary Regulators in Australia have updated guidance to apply financial laws to a wider range of digital assets, including stablecoins, staking, and tokenized products. New guidelines clarify that Australian law also applies to offshore and decentralized…
Kalshi has filed a lawsuit against New York regulators, as the state is looking to classify its sports event contracts as unlicensed gambling and enforce a cease-and-desist order threatening civil and criminal penalties. Summary Kalshi has sued New York regulators in federal court after receiving a cease-and-desist notice over its sports event contracts. The company…
The Madras High Court has ruled against WazirX redistributing user’s XRP holdings following its 2024 hack, declaring that cryptocurrencies qualify as property under Indian constitutional law. Summary WazirX was barred from reallocating 3,532 XRP tokens belonging to an unaffected user under its “socialisation of losses” plan following a $234 million hack. The court rejected WazirX’s…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The crypto industry has failed Bitcoin (BTC). Over $1 trillion sits idle in digital vaults worldwide, which is truly one of the greatest misallocations of capital in modern finance. The industry created…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The boundary between ‘autonomy’ and ‘automation’ is already dissolving in modern markets. Agents that can place orders, negotiate fees, read filings, and rebalance a company portfolio are already outside of their respective…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last week, the crypto industry witnessed two groundbreaking events that impacted the future of crypto ETFs. The SEC told issuers to pull their 19b-4 filings. Far from a setback, this was actually…
Crypto.com has petitioned the Office of the Comptroller of the Currency for a National Trust Bank Charter, a move that would place it under federal supervision and mark one of the highest regulatory accolades attainable in the digital asset industry. Summary Crypto.com has applied for a National Trust Bank Charter to gain federal oversight. The…
U.S. regulators are increasing oversight on digital asset custodians to curb systemic risks, with Fortress Trust being the latest victim. Summary Nevada ordered Fortress Trust to cease operations over solvency risks. The case mirrors the 2023 Prime Trust collapse involving the same founder. Regulators tighten crypto custody rules, raising pressure on small firms. Nevada regulators…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The CEOs of crypto companies led the applause when Donald Trump signed the GENIUS Act on July 18, and many even attended the signing of the Act. I did not applaud because…
