El Salvador’s Secret Weapon? Its Extensive Bitcoin Education Program, Says Stacy Herbert
A positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.
Policy
Texas Man Sues Attorney General Over DOJ’s Prosecution of Crypto Software Devs
The plaintiff is seeking a declaratory judgment protecting his forthcoming crypto crowdfunding project from being prosecuted for unlicensed money transmitting.
SEC’s Last Major Legal Official Exits, Leaving Clean Slate for Trump Era
With the general counsel stepping down, some of the main characters in the crypto industry’s recent clashes with the Securities and Exchange Commission are out.
Crypto’s Senate Ally Lummis Pushes Federal Agencies on Digital Assets Issues
Senator Cynthia Lummis, set to lead the Senate Banking Committee’s digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
Trump Treasury Pick Bessent Opposes Idea of U.S. Central Bank Digital Currency
Scott Bessent, who is immersed in the Senate confirmation process as President-elect Donald Trump’s Treasury secretary nominee, only addressed crypto briefly.
Upbit, South Korea’s Largest Crypto Exchange, May Face Sanctions in the Country: Report
Crypto exchange Upbit could face sanctions from South Korean authorities for not complying with money laundering obligations.
Analysis: Prediction Markets Have a Gambling Problem
Academics get it: prediction markets aren’t gambling because the house doesn’t always win. But regulators around the world have differing opinions – and Polymarket is feeling the heat.
U.S. Judges Demand SEC ‘Explain Itself’ for Rebuffing Requests for Crypto Rules
In another 11th-hour court loss for Chair Gary Gensler’s tenure, judges in a Coinbase case again call the SEC’s crypto position “arbitrary and capricious.”
U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests
FDIC Vice Chairman Travis Hill is set to become acting chairman at the start of the next administration, and he’s critical of the FDIC’s digital assets stance.
U.S. Enforcement Chief Behind CFTC Crypto Cases Exits Before Trump Arrives
Ian McGinley, the enforcement director at the Commodity Futures Trading Commission, is stepping down days before President-elect Donald Trump’s inauguration.