For a long time, the Securities and Exchange Commission (SEC) under Gary Gensler's leadership was the crypto industry's worst enemy. Now that pro-crypto Mark Uyeda has taken Gensler's place, crypto regulations will undergo substantial changes.

Dubai, United Arab Emirates, 6th February 2025, Chainwire

The cryptocurrency market is thriving, with Bitcoin soaring to new heights and the overall market cap surpassing $3 trillion. However, despite the market's success, there is ongoing debate about the role of regulation and how it will shape next. Recently, House Financial Services Committee Chairman Rep.

According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024.

Pump.fun, a prominent platform for the creation and trading of memecoins on the Solana blockchain, has been slapped with a cease and desist letter by US law firms Burwick Law and Wolf Popper LLP. The legal notice, issued on February 5, 2025, accuses Pump.

Solana-based platform Pump.fun faces escalating legal challenges over alleged IP violations and unauthorized meme coins, while one of the contested tokens surges in value despite the controversy.

Pump.fun is facing legal trouble after receiving a cease and desist letter from Burwick Law and Wolf Popper over alleged investor fraud and IP misuse.

The U.S. SEC has hired over 50 lawyers for crypto enforcement actions.

Malaysia is the latest nation to tap blockchain for a new blockchain platform that resembles China's social credit system.

Burwick Law proposed a class action lawsuit in January alleging Pump.Fun was engaged in violating securities laws

A US court fined the Brazilian founders of EmpiresX over $130 million for operating a fraudulent crypto scheme that misled investors.

The speculation around Satoshi's identity highlights ongoing intrigue and potential market impacts, emphasizing the crypto world's opacity. The post Does Kraken know Satoshi's identity?

Popular Solana meme coin launchpad Pump.fun has been hit with a cease and desist letter from law firms who claim tokens on the platform are using their logos and names.

Institutional interest in cryptocurrency appears to be wavering, with a JPMorgan survey revealing that 71% of institutional traders have no plans to trade digital assets in 2025. While this marks a slight improvement from 78% last year, the persistent reluctance raises questions about whether crypto is losing momentum in institutional portfolios.

The Federal Deposit Insurance Corporation (FDIC) has released 790 pages of documents detailing its interactions with banks and financial institutions seeking to offer cryptocurrency services.

Are cryptocurrencies becoming popular among high-net-worth investors? Some recent developments indicate that the attitude of high-net-worth investors towards crypto has undergone a radical shift. Notably, a recent statement by TIGER 21 founder and chairman Michael Sonnenfeldt aligns well with the aforementioned assumption.

Coinbase filed an amicus brief in the bankruptcy case of crypto custodian, Prime Trust. According to the exchange's chief legal officer, Paul Grewal, he said the filing is a bid to protect customer assets being held by the custodian during its financial restructuring.

Members of the elite club Tiger21 have invested around $6 billion, or 1%-3% of their wealth, in cryptocurrencies. The post Elite Investor Group Tiger21 Holds Crypto Portfolio Value of $6 Billion appeared first on Cryptonews.

After nearly three years of uncertainty, FTX, once a dominant player in the cryptocurrency exchange arena, is set to initiate the repayment process for its Bahamas-based creditors on February 18.

The crypto market is still waiting for the much-anticipated altcoin season, but signs suggest it may not arrive anytime soon. Altcoin seasons usually kick off when capital flows from Bitcoin to top altcoins like Ethereum (ETH), triggering widespread rallies.

The European Central Bank hopes U.S. President Donald Trump's plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member Piero Cipollone told Reuters.

Kraken co-founder Jesse Powell filed a housing discrimination suit, alleging a San Francisco building's management blocked a sale due to his involvement with crypto.

Institutional investors remain wary of crypto trading, according to a JPMorgan survey.

Rep. French Hill proposed a major overhaul of US crypto regulations, aiming to replace strict enforcement with clear, investor-friendly legislation. The post Rep. French Hill Outlines US Plans to Replace Heavy-Handed Crypto Enforcement appeared first on Cryptonews.

Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country.

The SEC has reassigned its chief litigation counsel, Jorge Tenreiro, from overseeing enforcement lawsuits to the agency's IT department.

The crypto market is going through a turbulent period, and altcoins seem far from reaching their December highs. According to analyst Matthew Hyland, it will likely take until April, or even longer, to see a full recovery.

Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia's Federal Tax Service (FNS) revealed on Feb.

Korea Financial Investment Association (Kofia) Chairman Seo Yoo-seok has called for the approval of cryptocurrency spot exchange-traded funds (ETFs) and the formal recognition of security tokens. During a recent New Year's news conference at Kofia's Seoul headquarters, Seo highlighted the potential growth of the virtual asset market, influenced by U.S. President Donald Trump's pro-crypto policies.

In a partnership aimed at bridging the gap between crypto payments and real world utilities, KuCoin Pay, on Tuesday, announced its collaboration with Uquid, one of the largest decentralized e-commerce platforms founded in 2016. This comes as a first partnership for KuCoin Pay, the recently launched advance payment system developed by Seychelles-based exchange, KuCoin, to

Burwick Law and Wolf Popper say Pump.fun users have created a range of tokens spoofing their names, logos, employees' names and even its plaintiffs.

Burwick Law and Wolf Popper say Pump.fun users have created a range of tokens spoofing their names, logos, employees' names and even its plaintiffs.

Brazilian funds could get the green light to invest in crypto and buy Bitcoin (BTC) if parliament approves a lawmaker's draft private member's bill. The post Lawmaker's Draft Bill Could Let Brazilian Funds Invest in Crypto appeared first on Cryptonews.

TIGER 21, an investment firm for high-net-worth individuals, has $6 billion of its $200 billion portfolio allocated to crypto, with some of its 1,600 members reportedly “all in” on crypto assets.

Binance CEO Richard Teng has ignited discussion in the crypto community with his recent X post, emphasizing the importance of discipline over motivation in business and blockchain innovation. Teng stated, Motivation fades.

Federal Reserve Vice Chair Philip Jefferson emphasized a cautious approach to interest rate adjustments, citing economic uncertainty. His remarks align with other Fed officials advocating for measured policy decisions.

Bybit, the worlds second-largest crypto exchange by trading volume, has been fined 9.27 crore rupees ($1.06 million) by Indias Financial Intelligence Unit (FIU) for violating the Prevention of Money Laundering Act (PMLA). The penalty, announced on January 31, 2023, follows Bybits expansion into India without securing the required registration.

Reservoir, a leading NFT infrastructure provider for platforms like Coinbase (NASDAQ:COIN), MetaMask, and Magic Eden, has raised $14 million in a Series A funding round led by Union Square Ventures (USV). Additional investors include Variant, Archetype, and Square Peg Capital.

OSL said it has completed its acquisition of CoinBest and will rely on the local team to drive its expansion in Japan.

The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year's $1.25 billion, according to Chainalysis‘ 2025 Crypto Crime Report. According to the firm, this marks the most significant annual decline in ransomware revenue over the past three years.

The Securities and Exchange Commission has reassigned its top litigator to the agency's computer management office, The Wall Street Journal reports.

The SEC's Crypto Task Force unveiled 10 priorities, including asset classification, jurisdiction, token offerings, registration, broker-dealers, custody, lending, staking, ETPs, and global coordination. SEC's Crypto Task Force: Key Priorities and Regulatory Roadmap U.S.

The US Securities and Exchange Commission (SEC) has officially unveiled its new Crypto Task Force, marking a pivotal shift in its regulatory approach to the digital asset sector.

Howard Lutnick, the billionaire CEO of Cantor Fitzgerald, is officially the US Commerce Secretary after a 16-12 Senate Commerce Committee vote on Wednesday. Known for his deep ties to crypto and Wall Street, Howard's new job comes with a lot of moving pieces: the $42.

Coinbase has submitted an amicus brief in the ongoing bankruptcy case of Prime Trust, urging the court to uphold legal protections for customer assets held by custodians. Paul Grewal, Coinbase's Chief Legal Officer, announced the filing on social media, emphasizing that customer assets should not be absorbed into a custodian's bankruptcy proceedings.

Strategy's fourth-quarter loss came as it stacked another 218,887 Bitcoin — its most aggressive quarter yet.

South Korean police have arrested 90 people on suspicion of using crypto to help them sell drugs in “bars and clubs all over the country.” The post South Korean Police Arrest 90 in Raid on ‘Crypto-powered Drug Gang' appeared first on Cryptonews.