Articles for tag: Bitcoin, cryptocurrency regulations, Digital Assets, investor protection, Michael Saylor, Paul Atkins, SEC

April 23, 2025

New SEC Chair Will Boost Bitcoin Confidence, Says Michael Saylor – A Positive Outlook for Cryptocurrency’s Future

Michael Saylor, CEO of Bitcoin holder Strategy, recently expressed his support for Paul Atkins, the new chair of the U.S. Securities and Exchange Commission (SEC). Saylor believes Atkins will positively impact Bitcoin. Following Atkins’ swearing-in, other industry leaders, like Blue Macellari of T. Rowe Price, voiced optimism about the SEC’s potential for crafting thoughtful regulations ...

April 11, 2025

Market News

Crypto

Illinois Senate Approves Crypto Bill to Combat Fraud and Protect Investors from Rug Pulls

The Illinois Senate recently approved Senate Bill 1797, a new law aimed at protecting investors from cryptocurrency fraud, passing with a vote of 39 to 17. This bill, introduced by Senator Mark Walker, grants the Illinois Department of Financial and Professional Regulation the authority to oversee all digital asset activities in the state. Any business ...

April 11, 2025

Market News

Crypto

Attorney General Calls on Congress to Implement Crucial Cryptocurrency Regulations for Enhanced Financial Security and Consumer Protection

New York Attorney General Letitia James has called on Congress to implement nationwide regulations for cryptocurrencies, highlighting the growing risks to investors from an unregulated Market. In a recent letter, she pointed out that crypto scams account for 10% of all financial fraud, leading to significant financial losses, estimated at $12 billion in 2024 alone. ...

April 11, 2025

Market News

Crypto

New York Attorney General Calls for Urgent Federal Regulation of Cryptocurrency to Protect Consumers and Ensure Market Stability

New York Attorney General Letitia James is urging Congress to establish federal regulations for the cryptocurrency Market to better protect investors. In her letter to prominent lawmakers, she outlined the necessity for stronger oversight, particularly for stablecoins, which are meant to keep a consistent value. She suggested that cryptocurrency companies should register with a federal ...

March 25, 2025

Market News

Crypto

APAC Region’s Innovative Strategies to Combat Crypto Fraud: A Global Leader in Cybersecurity Efforts

Cryptocurrency fraud is on the rise, causing significant financial losses worldwide. In response, countries in the Asia-Pacific (APAC) region are implementing stricter regulations and advanced security measures to combat this issue. Investors must stay informed about the latest fraud tactics, which increasingly involve artificial intelligence to create realistic scams. To protect investments, businesses and individuals ...

March 24, 2025

Market News

Crypto

Understanding Cryptocurrency Audits: Essential Insights for CPA Professionals and Companies in the Blockchain Industry

Recent developments in the cryptocurrency sector spotlight significant risks for investors, auditors, and companies. This article outlines key auditing standards guiding cryptocurrency audits, including those from international bodies and the PCAOB. It explores the financial reports and audits of 55 publicly traded crypto companies from 2022 and 2023, revealing concerns about audit quality. The article ...

March 22, 2025

Market News

Crypto

Navigating Cryptocurrency Laws and Regulations: A Comprehensive Guide for Investors and Businesses

The growing popularity of cryptocurrencies, such as Bitcoin and Ethereum, presents a challenge for U.S. regulators who aim to foster innovation while protecting investors. As digital currencies push financial boundaries, establishing a clear regulatory framework is crucial. This overview covers the key aspects of cryptocurrency regulation in the U.S., including federal and state laws, the ...

March 19, 2025

Market News

Crypto

SEC Announces Roundtable Series to Discuss Cryptocurrency Regulations and Their Impact on the Financial Landscape

The Securities and Exchange Commission (SEC) is hosting public roundtables starting March 21 to discuss the regulation of cryptocurrency. The first event, “How We Got Here and How We Get Out – Defining Security Status,” will take place at the SEC’s headquarters in Washington, D.C., and will be streamed online. Commissioner Hester Peirce, who is ...

March 19, 2025

Market News

Crypto

SEC to Host Roundtable Series on Cryptocurrency Regulations: Insights from The Presidential Prayer Team

The Securities and Exchange Commission (SEC) is organizing public roundtables starting March 21 to discuss how to regulate cryptocurrency. The first meeting will focus on determining what qualifies as a security in the crypto world and will be broadcast online from the SEC headquarters in Washington, D.C. Commissioner Hester Peirce, who leads the Crypto Task ...

March 6, 2025

Market News

Crypto

Japan’s Ruling Party Proposes 20% Cap on Cryptocurrency Tax to Encourage Investment and Innovation

Japan’s ruling Liberal Democratic Party has proposed a significant tax change for cryptocurrencies, aiming to lower the current maximum tax rate from 55% to 20%. This new approach would classify cryptocurrencies as a unique asset class under Japan’s Financial Instruments and Exchange Act, aligning crypto taxes with traditional securities. This shift could also lead to ...