Crypto Regulation

Trump is expected to announce his pick for SEC chair as early as tomorrow, replacing Gary Gensler, who steps down on 20 January. The nominee is likely to ease crypto regulations and financial market restrictions. Is this imminent or mere speculation?

Hong Kong is proposing tax exemptions on profits from cryptocurrencies and other alternative assets to attract wealthy investors and boost its status as a global wealth management hub. The policy aims to expand exemptions to various investment funds, including family offices, pension funds, and private equity, while fostering blockchain innovation.

Sky Mavis, the developer of Axie Infinity and the Ronin gaming network on Ethereum, has announced staff layoffs even as it hints at the development of a new Axie game.

South Korea's financial regulator is urging tighter oversight of the volatile cryptocurrency market, which recently surpassed the stock market in transaction volume. Authorities also confirmed North Korean hackers stole significant cryptocurrency in 2019, intensifying concerns about security and market manipulation.

A Texas court ruled against the SEC’s expanded definition of "dealer," a significant setback for the agency’s efforts to regulate crypto firms. The decision is seen as a win for the crypto industry, which views it as a rejection of the SEC's overreach in controlling digital assets.

Gary Gensler will resign as SEC Chair on 20 January 2025, as President-elect Trump takes office. His tenure was marked by clashes with Wall Street and crypto, while the looming resignation earned cheers from the crypto community.

The Trump transition team is considering Teresa Goody Guillén, a BakerHostetler partner and blockchain expert, for SEC chair, following a meeting with Coinbase CEO Brian Armstrong. A decision on Gary Gensler's successor is expected before Thanksgiving.

Nepal's cryptocurrency ban has led to an increase in fraud, with criminals using digital assets to launder money and exploit victims through online scams. The government's legal restrictions have made it difficult for victims to report fraud, further complicating efforts to tackle the issue.

Nigeria is tightening crypto regulations to tackle fraud, introducing hefty fines and jail terms while freezing over 1,100 traders’ bank accounts. These measures, though aiming to protect citizens, risk deterring investors and stifling innovation.

The Manhattan US Attorney's Office will reduce its focus on crypto crimes as President-elect Trump shifts priorities. Is this a step back from his crypto crackdown pledge or a shift to more urgent policies?