Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
Former SEC Commissioner Paul Atkins will be sworn in as the agency’s next chair and will oversee future regulation for the crypto sector.
Policy
SEC Approves Trading of Ether ETF Options
The regulator had initially postponed a decision back in February but ETF analyst James Seyffart said the approval wasn’t a surprise.
Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme
Under a proposal, certain crypto transactions would be taxed at the country’s standard 18% rate, as well as an extra 5% levy to support the country’s war costs.
Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges
Hong Kong’s Securities and Futures Commission has given a green light for virtual asset trading platforms (VATPs) and authorized virtual asset funds to offer staking services.
SEC Staff to Reassess Biden-Era Crypto Guidance Amid Regulatory Shakeup
This review is part of efforts to ease regulatory pressure on the digital assets sector and may lead to new regulatory frameworks.
OKX Fined $1.2M by Malta for Breaching Money Laundering Rules
The company was expected to assess the nature of risks prevalent in the services it was offering, the Financial Intelligence Analysis Unit said in a notice.
Illinois to Drop Staking Lawsuit Against Coinbase
Three other states — Kentucky, Vermont and South Carolina — have already dropped their suits.
BlackRock Secures UK FCA Crypto Registration
The world’s biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, who issue Exchange Traded Products.
Crypto Advocate Kristin Smith to Exit Blockchain Association for New Solana Group
The chief of one of the industry’s most prominent lobbying arms, Smith will leave in May to join the Solana Policy Institute as president, her association says.
Japan Mulls Reclassifying Crypto as a ‘Financial Product’ to Curb Insider Trading: Report
Cryptocurrencies are currently categorized as a “means of settlement” under the Payment Services Act, a designation that has governed their use primarily as a payment tool rather than as investment vehicles.