News
Coinbase legal chief Paul Grewal met with Karnataka IT Minister Priyank Kharge to explore collaboration on developer tools, cybersecurity and blockchain in governance.
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Government News
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments worldwide vary significantly in approach, procedures, laws, etc. With the advent of the internet and social media, government news is now readily accessible to the public online.
Government cryptocurrency overwatch has increased in the years since Bitcoin’s launch in 2009. The European Union has taken a ground-breaking step by enacting regulations requiring crypto service providers to spot and suppress illegal cryptocurrency activity. Similarly, the Canadian government has established itself as a proactive regulator by authorizing the nation’s first Bitcoin exchange-traded fund (ETF).
In contrast to Singapore’s policy of not taxing long-term capital gains, Japan has taken a progressive stance by recognizing cryptocurrencies as legal property under the Payment Services Act. However, China is a leader in developing its government-backed digital currency, the digital yuan (e-CNY), with numerous pilot projects underway. China has outlawed cryptocurrency exchanges, citing unlawful public financing.
Additionally, government news also throws some light on major economies like the EU, the United Kingdom and the United States that are actively developing and exploring their own central bank digital currency (CBDC) initiatives, while nations like the Bahamas and Nigeria have already implemented CBDCs.
- Market Analysis
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000.
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Carving out clear jurisdictions for the SEC and CFTC may ease investor concerns over ambiguous securities laws.
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The Philippine government launched a blockchain-based document validation system on Polygon, despite the network suffering a partial outage on the same day.
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The US House of Representatives will be in recess for the month of August, but the Senate still has a week of business to address two crypto bills before breaking.
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Ji Hun Kim became acting CEO of the Crypto Council for Innovation in December 2024 after the departure of Sheila Warren.
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Lawmakers are expected to break in a matter of days, but there are still items on the legislative agenda to address, including two crypto bills passed by the House.
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Republican leaders on the Senate Banking Committee said the legislation “built on” the CLARITY Act passed in the House of Representatives last week.
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The Senate Agriculture Committee will hear from prospective CFTC chair Brian Quintenz, who could be the sole US regulator commissioner by the end of 2025.
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SEC Chair Paul Atkins signaled openness to including cryptocurrencies in 401(k) retirement plans, stressing the importance of investor education.
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The three bills on Republicans’ crypto agenda passed with bipartisan support despite continued pushback from Democrats over claims of corruption and conflicts of interest.
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House Republicans push to revive three crypto bills — covering stablecoins, market structure and a CBDC ban — after initial failure, but final vote remains delayed.
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Fairshake reported raising $52 billion from the crypto industry in the first half of 2025, at a time when candidates previously supported by the PAC were providing crucial votes.
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The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess.
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Bhutan’s government has moved $74 million in Bitcoin to Binance over two weeks, possibly cashing in as the asset hits new all-time highs.
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