The Genius Act just cleared cloture in the Senate, but does this really mark the start of coherent U.S. crypto regulation? Senate pushes through cloture, jumpstarting the stalled Genius Act vote After months of political back-and-forth, the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, or the GENIUS Act, has cleared one…
Hong Kong’s financial regulator will soon require stablecoin issuers to meet robust risk management and compliance standards under the new law. Hong Kong just hit the gas on stablecoin regulation, passing a bill that makes licensing mandatory for anyone issuing fiat-referenced stablecoins. Under the new Stablecoins Bill, any business issuing stablecoins tied to the Hong…
The U.S. Justice Department has reportedly launched a criminal investigation into a recent breach at Coinbase involving bribed overseas staff and a $20 million ransom demand. U.S. authorities have launched a criminal investigation into how hackers managed to steal sensitive user data from Coinbase by bribing overseas support staff, Bloomberg has learned, citign a person…
The U.S. Securities and Exchange Commission has delayed its decision on four proposed Solana exchange-traded funds, including filings from Bitwise, 21Shares, VanEck, and Canary. The announcement, shared on a May 19 filing, indicates that the agency will “institute proceedings” to assess whether the ETF proposals meet regulatory standards. This procedural move allows the SEC to…
The U.S. Senate voted on Monday, May 19, to move forward with the GENIUS Act, a landmark bill that would create a regulatory framework for stablecoins. According to the results published on the Senate’s website, the bill passed by a 66-32 vote, meaning it will move to the next stage. The bipartisan vote cleared the…
Dubai’s Virtual Assets Regulatory Authority has given virtual asset service providers until June 19 to comply with Version 2.0 of its activity-based Rulebooks in its ongoing push to strengthen crypto market integrity and risk oversight. On May 19, VARA in Dubai announced that it has released Version 2.0 of its activity-based Rulebooks, setting a deadline…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Just three years ago, spot Bitcoin ETFs were hailed as crypto’s final gateway into mainstream finance. And for a brief moment, they looked like they would truly revolutionise investing. After a flurry…
My wife was born in the United Kingdom and we’ve spent a lot of time visiting so I pay close attention to the country’s evolving stance on crypto. Now, with the UK’s draft Statutory Instrument on crypto regulation officially released, the country is positioning itself to finally act on its ambition to become a global…
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 hype burned bright and fast—memecoins and NFTs once powered crypto, stealing the spotlight in this realm. But, like a car running dry, the speculative fuel driving these cryptocurrencies has burned out….
Hong Kong police are ramping up efforts to secure the city’s web3 space with a new tool to help track illegal crypto flows. Hong Kong’s Cyber Security and Technology Crime Bureau revaled on Wednesday its newly developed crypto tracing tool dubbed CryptoTrace, as part of its efforts to combat growing crypto-related crime. The tool, jointly…
