Crypto regulation has tightened worldwide: SEC Chair Paul Atkins has pledged a coherent rulebook, Gibraltar and Bullish have introduced a regulated derivatives regime, and bipartisan US lawmakers have questioned tax rules, stablecoin standards and Trump-linked dealings.
The post This Week in Crypto Regulation News: SEC Rethink, Gibraltar Leap, Trump Probe Roils Capitol appeared first on Cryptonews. …
Category: Cryptocurrencies
Saudi Central Bank Secures $60B Bitcoin Exposure via Strategy Stake
Saudi Arabia’s Central Bank has confirmed a 25,656-share purchase of Strategy, mirroring Norway’s wealth-fund playbook and giving the Kingdom indirect exposure to 568,840 Bitcoin, valued near $60 billion. The step coincides with Saudi leadership of MENA’s crypto growth despite sparse domestic rules.
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WLFI Slams Senate’s USD1 Stablecoin Inquiry as Trump Links Spark National-Security Alarm
World Liberty Financial has publicly rebuffed a Senate investigation into the USD1 stablecoin’s governance, security risks and alleged Trump links. The firm, via BakerHostetler, has said USD1 is fully backed by U.S. Treasuries, transparent, and not connected to the Trump meme coin.
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Ethereum Flashes Extreme Undervaluation – CryptoQuant Eyes 38% ETH/BTC Rally Soon
CryptoQuant has reported that the ETH/BTC price ratio has surged 38 % from a January 2020 low, placing Ethereum in what the firm calls an extreme undervaluation zone. Rising ETF allocations and the lowest ETH exchange inflow ratio since 2020 point to stronger demand and lighter selling pressure.
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DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties
The DOJ has charged 12 people aged 18-21, plus one older defendant, with a cyber racketeering scheme that netted $263 m in cryptocurrency. Prosecutors say the group laundered funds through mixers before converting them to cash for luxury cars, watches, rentals and $500 k nightclub tabs.
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Judge Torres Shatters SEC-Ripple Pact, Sparking Crypto Regulation Turmoil
The SEC has hit a setback after Judge Analisa Torres denied its settlement bid with Ripple, saying the request to void an injunction and cut penalties lacked legal grounds. The ruling delays efforts to dismiss appeals and complicates Chair Paul Atkins’ push for clearer crypto rules.
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Eric Trump Token Skyrockets 6,200% – Is a Solana Rug Pull Next
Eric Trump Token has rocketed 6,200% after its May 16 launch on Solana’s Pump.fun, reaching a $140M market cap. Yet blockchain sleuths warn that more than 80% of the supply sits in only 10 wallets, mirroring distribution patterns behind earlier Solana meme-coin rug pulls like WOLF and MELANIA.
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Tinian Defies Veto, Unveils First U.S. Public USD Stablecoin on eCash Network
Tinian, a Northern Mariana Islands municipality, has overridden a governor veto to issue the Marianas US Dollar, a USD-backed stablecoin on the eCash network. Backed by cash and Treasuries, it is paired with internet casino licenses to widen tourism and revenue.
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Bitstamp Secures EU CASP License Under MiCA, Approved by Luxembourg Regulator
Luxembourg’s financial watchdog has granted Bitstamp its CASP license under the EU’s landmark crypto law MiCA, authorizing the exchange to offer trading, custody, and order execution services across the European Economic Area.
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Bitcoin Price Prediction: Can BTC Reach $120k As JP Morgan Turns Bullish, Says BTC Is Better Than Gold?
Bitcoin holds above $103K as JPMorgan turns bullish, saying BTC could outperform gold. Can institutional flows drive BTC to $120K this year?
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