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The SEC announced today that Vanguard will pay over $106 million to settle charges against it. The charges allege that Vanguard issued misleading statements to investors about retirement funds.
The funds received from this settlement will be distributed to the investors in question.
Starting in 2025, Americans trading digital assets on centralized exchanges (CEXs) will see their crypto transactions reported to the Internal Revenue Service (IRS).
This change marks the first tax year requiring third-party reporting for crypto transactions.
South Korea’s Financial Services Commission (FSC) has ordered Upbit, the country’s largest cryptocurrency exchange, to temporarily suspend operations. The FSC cited violations of Know Your Customer (KYC) obligations and is awaiting further clarification.
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Under Trump’s administration, the SEC is set to begin an overhaul of its crypto policy as soon as next week. Rumored first steps include reassessing which cryptoassets are securities and cooling off enforcement actions.
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South Korea is set to unveil the second phase of its cryptocurrency regulatory framework in the latter half of 2025.
On January 15, the Financial Services Commission (FSC) convened its second Virtual Asset Committee meeting to outline the next stage of the Virtual Asset User Protection Act.
The US Securities and Exchange Commission (SEC) has postponed its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF) to March as the regulator needs more time to conduct a comprehensive review of the proposal.
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The first-ever “Crypto Ball” is set for Friday, January 17, just days before President-elect Donald Trump’s inauguration on January 20.
The event will be held at Washington D.C.’s Andrew W. Mellon Auditorium.
Ripple’s CEO Brad Garlinghouse condemned SEC Chair Gary Gensler for his combative stance toward the crypto industry, which persisted even until the end of his term.
The SEC is set to file the opening brief in its appeal against Ripple on January 15 and refuses to postpone it.
Federal regulators are reportedly evaluating whether to investigate the legality of Crypto.com futures contracts, which allow investors to bet on outcomes of major football games, including the Super Bowl.
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The Securities and Exchange Commission (SEC) has announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle various charges related to their brokerage operations.
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HashKey Group, a leading digital asset financial services group in Asia, announced that its subsidiary, HashKey MENA FZE, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application.
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FDIC Vice Chair Travis Hill has criticized past actions by federal agencies that limited banks’ involvement in crypto activities.
He said these measures, including the use of “pause letters,” hindered innovation and created the perception that regulators were blocking blockchain development.
The UK government has revised its financial regulations to exempt crypto staking from the scope of “collective investment schemes” (CIS), which are subject to strict oversight.
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