On January 23, 2025, President Donald Trump signed an executive order to boost the cryptocurrency sector in the U.S., aiming to develop a national digital asset stockpile. Joining him was venture capitalist David Sacks, who was appointed as his crypto czar. The order emphasizes the importance of digital assets for innovation and economic growth while ...
DCG and its former CEO have agreed to pay $38.5 million due to misleading investors about the financial status of Genesis Global Capital. This settlement highlights the importance of transparency in financial dealings and the consequences of failing to provide accurate information to investors. As the financial landscape continues to evolve, companies must prioritize honest ...
South Korea’s financial regulator is working to establish a fund under the Korea Development Bank to support companies in the wake of the expected influence of the Trump administration on the virtual assets industry. Financial Services Commission Chair Kim Byoung-hwan mentioned that while Trump didn’t address virtual assets in his inaugural speech, his previous commitments ...
New York’s Department of Financial Services (DFS) has partnered with the Bank of England to launch the Transatlantic Regulatory Exchange (TRE). This initiative aims to enhance expertise in emerging payments and digital assets by allowing staff exchanges between the two financial authorities. Starting next month, DFS and the Bank of England will share senior staff ...
Jamie Dimon, the CEO of JPMorgan Chase, has reiterated his skepticism about cryptocurrencies, particularly bitcoin. Despite the rising interest in digital currencies, Dimon believes they come with significant risks and remain highly speculative. His statements contribute to the ongoing debate in the finance world about the future of digital assets, as many experts and institutions ...
The Federal Deposit Insurance Corporation (FDIC) has set a new deadline of February 10 for BlackRock to address concerns about oversight of its investments in banks regulated by the FDIC. This follows BlackRock’s failure to meet a previous deadline on January 10. If progress isn’t made, the FDIC may investigate further and request more information ...
Bitcoin’s popularity continues to surge after a record-setting 2024, with analysts predicting even more growth in 2025. The cryptocurrency recently surpassed $100,000 for the first time, thanks in part to the approval of Bitcoin exchange-traded funds (ETFs) that have made investing easier for the general public. Investors are also optimistic about former President Trump’s return ...
