The Securities and Exchange Commission has canceled a controversial rule that asked financial firms holding crypto to record them as liabilities on their balance sheets. A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published in March 2022 that the crypto industry has long sought to…
Crypto exchanges are vital for accessing digital assets but vary greatly in security, efficiency and innovation. With top-notch security, lightning-fast trading and a keen eye for innovation, Phemex now empowers users to trade meme tokens on the Solana blockchain directly from their Phemex accounts. Cryptocurrency exchanges are the cornerstone of the digital asset economy, offering…
Bitcoin, memecoins and the future of the cryptocurrency industry sparked intense debate at the 2025 edition of the World Economic Forum in Davos, Switzerland, as US President Donald Trump marked his return to the Oval Office. During the sole cryptocurrency-themed session at this year’s forum, industry leaders painted an optimistic outlook for the sector in…
A US court has overturned the sanctions against the Tornado Cash cryptocurrency mixing protocol in a decision that could signal a shift significant toward more innovation-friendly regulations for privacy-preserving technologies. The US Treasury’s Office of Foreign Assets Control (OFAC) originally sanctioned Tornado Cash in August 2022, accusing it of facilitating money laundering by the North Korean Lazarus Group. The…
Bank of America (BoA) CEO Brian Moynihan believes US banking institutions are willing to adopt cryptocurrency payments if proper rules are in place, signaling that the financial industry is still waiting for clearer signals from regulators before moving forward. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Moynihan said if proper regulations…
The digital age continues to revolutionize traditional sectors, with real-world asset (RWA) tokenization emerging as a groundbreaking concept. RWA tokenization has presented itself as an opportunity for much greater investment accessibility and operational efficiency than traditional securitization processes. Across the world, RWA tokenization depends heavily on navigating complex legal and regulatory landscapes, particularly in the…
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