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SEC Launches “Project Crypto” to Position U.S. as Global Crypto Hub

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In a landmark move to modernize U.S. securities regulation, Securities and Exchange Commission (SEC) Chairman Paul Atkins has unveiled “Project Crypto.” Announced on July 31, 2025, the initiative is a comprehensive effort to bring the U.S. financial markets “on-chain” and make the country the “crypto capital of the world.” The new framework, to be spearheaded … Read more

South Korean Custody Provider BDACS Launches Regulated XRP Support

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South Korean crypto custodian BDACS has launched regulated institutional custody for XRP, fulfilling a key part of its partnership with Ripple. The announcement, made on August 5, confirmed that BDACS will now provide custody services for what it calls one of the country’s most popular digital assets. This development follows an agreement made in February … Read more

Delays Mount in Ripple vs. SEC Case, Frustrating Experts

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The long-running legal battle between Ripple and the SEC is facing new delays, leading to growing frustration among crypto experts and legal analysts. Unlike the swift conclusion of other SEC lawsuits, the Ripple case continues to drag on, raising questions about why the process of dismissing the SEC’s appeal is taking so long. Attorney Bill … Read more

Philippine SEC Cracks Down on Unlicensed Crypto Exchanges

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The Philippine Securities and Exchange Commission (SEC) has issued a public warning against ten offshore cryptocurrency exchanges, including major players OKX and KuCoin, for operating without the necessary licenses. This action, announced on August 5, 2025, highlights a significant increase in regulatory enforcement in the country. The SEC’s move is part of its ongoing effort … Read more

Hong Kong Enacts New Stablecoin Regulation Mandating 100% Fiat Backing

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On August 1, 2025, the Hong Kong Legislative Council officially enacted the Stablecoin Regulation, establishing a comprehensive licensing and regulatory framework for stablecoin issuers. This new law mandates that stablecoins must be fully backed by highly liquid fiat reserves, a move designed to ensure financial stability and transparency. Legislative Council member Chiu Tat-kan emphasized that … Read more

China Maintains Existing Crypto Restrictions, Denying New Ban

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On August 3, 2025, reports circulated claiming that China had re-issued a ban on cryptocurrency, causing initial market volatility. However, sources close to Chinese authorities have denied these rumors, confirming that no new official restrictions have been announced. The regulatory status quo from 2021 remains in place, where crypto trading and mining are banned, but … Read more

SEC Launches “Project Crypto” to Modernize Digital Asset Regulation

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In a significant policy shift, the U.S. Securities and Exchange Commission (SEC) has launched “Project Crypto,” a new initiative aimed at modernizing its approach to digital assets. SEC Chair Paul Atkins announced the plan, which seeks to provide much-needed clarity and create innovation-friendly frameworks for the crypto industry. This initiative marks a major change in … Read more

Michael Saylor and Others Call for Formal Crypto Regulations in the US

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Michael Saylor of Strategy has joined a growing chorus of voices calling for the U.S. to establish a clear crypto taxonomy. Saylor believes that formal definitions are needed to clarify what constitutes a digital security versus a commodity, and under what circumstances a traditional security can be tokenized. He noted that without such a framework, … Read more

South Korean Regulators Raise Alarm Over High-Leverage Crypto Lending

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South Korean financial regulators are scrutinizing new crypto lending and margin trading services offered by the nation’s two largest exchanges, Upbit and Bithumb. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have expressed serious concerns over the high leverage ratios, which they believe pose significant risks to investors and may violate existing lending … Read more

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