Everything web3, crypto, defi, degen
In brief SEC Chair Paul Atkins announced a major shift in crypto strategy, stating the regulator will no longer pursue “regulation by enforcement” against crypto projects, and wants to “embrace innovation.” Atkins launched “Project Crypto,” an initiative to attract crypto businesses to the U.S. by offering tailored disclosures, exemptions, and safe harbors for various crypto…
In brief Sen. Tim Scott (R-SC) said Tuesday that fewer Senate Democrats might support the upcoming crypto market structure legislation than voted for the GENIUS Act earlier this year. The Senate Banking chair said Sen. Elizabeth Warren (D-MA) has been a key obstacle to getting more Democrats onboard for the far-reaching bill. Warren warned last…
In brief Illinois Governor J.B. Pritzker signed the Digital Assets and Consumer Protection Act (SB1797), giving regulators authority over crypto exchanges and mandating fraud safeguards. Pritzker also signed the Digital Asset Kiosk Act (SB2319), requiring ATM operators to register, cap fees at 18%, limit transactions, and refund scam victims. Illinois now has about 1,482 crypto…
In brief Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country. Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI. JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method. Japanese fintech firm JPYC is…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
August 12, 2025 | News Our MiCA license is fully activated, unlocking regulated access to crypto services throughout the European Economic Area Kraken is now live in all 30 countries of the European Economic Area (EEA) under our Markets in Crypto-Assets Regulation (MiCA) license – a significant milestone that expands our secure, compliant crypto offering…
In brief Apple co-founder Steve Wozniak says YouTube ignored multiple takedown requests after his likeness was used in a bitcoin scam. Wozniak’s warning comes amid a rise in AI-powered deepfake fraud targeting tech leaders. Last week, a UK MP called for YouTube ads to face the same regulation as TV and radio advertising. Apple co-founder…
In brief Senator Elizabeth Warren has warned that pending cryptocurrency legislation “supercharges President Trump’s corruption.” Warren accused the crypto industry of writing its own regulatory framework while saying current restrictions are “weak” in preventing corruption and protecting consumers. The senator compared current crypto bills to 2000 legislation that contributed to the 2008 financial crisis. Senator…
In brief Chinese tech giant Ant Group has said claims it’s working on a rare earth RMB stablecoin are false. It comes amid exploration of stablecoin uses by Chinese e-commerce firms. Hong Kong’s stablecoin regulatory regime has been a key driver for increased interest. Chinese tech giant Ant Group has denied online rumors that it…
In brief Developers report regressions in coding ability, raising doubts about GPT-5’s “reasoning powerhouse” claim. Rollout frustrations mount as older models vanish and access differs sharply across pricing tiers. PR stumbles and ethical concerns deepen skepticism around OpenAI’s most ambitious model yet. OpenAI’s much-hyped launch of GPT-5—touted as a groundbreaking leap in artificial intelligence—has instead…
