Author: Assad Jafri

The US Securities and Exchange Commission has officially closed its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club and CyberPunks NFT collections. The regulator does not intend to take any further enforcement actions and did not issue any charges against the firm…

The Arizona Senate took a significant step toward modernizing state finance by advancing two crypto reserve bills that could lead to state-managed digital asset funds on Feb. 27. Lawmakers have argued that creating a dedicated crypto reserve prepares Arizona for an inevitable federal regulatory framework and positions the state to harness emerging financial technologies to

The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance clarified that memecoins do not constitute securities under federal law, marking a notable stance on a sector of the crypto market often fueled by speculation and internet culture. In a Feb. 27 staff statement, the SEC emphasized that memecoins…

Circle co-founder Jeremy Allaire has called for US dollar-pegged stablecoin issuers to be registered in the United States, emphasizing the need for regulatory clarity as lawmakers introduce new legislation on digital assets. Allaire made the statement during a Bloomberg interview on Feb. 26 amid growing discussions in Washington over stablecoin oversight…

Strategy (previously MicroStrategy) stock has plunged more than 55% from its all-time high, fueling speculation that the company could be forced to sell off its massive Bitcoin (BTC) holdings. With approximately 499,096 Bitcoin worth $43.7 billion, the firm has built one of the largest corporate Bitcoin reserves…