Payward, Kraken’s parent, provides a good example of what’s driving some of those deals. The company agreed to buy payments company Reap for $600 million and derivatives platform Bitnomial for up to $550 million, while Nasdaq agreed to invest $100 million in Payward alongside an… Read More
There is nothing so powerful as an idea whose time has come. For now, that time has not arrived. But as Congress closed a door, regulators opened a window. Both the SEC and CFTC moved with remarkable speed. Just two days after CLARITY failed, the… Read More
Coinbase spent enough to make the top-ten in the overall category of securities and investment lobbying, according to OpenSecrets.org, above even Goldman Sachs Group Inc. and Andreessen Horowitz. In U.S. law, lobbying must be legally disclosed through federal filings (though plenty of soft lobbying happens… Read More
Democrats just blew another opportunity to put money in the pockets of Americans. Digital assets offer real promise. They can lower costs, move money faster, and help small businesses grow. But we need clear guardrails in place to prevent customers and investors from being taken… Read More
The Digital Asset Market Clarity Act was always doomed to fail. The bill faced an uphill battle from launch; numerous political, policy and social factors would have needed to fall into place for it to succeed. In the end, a variety of issues combined to… Read More
Meanwhile, GENIUS However, last year’s crypto legislative success in converting the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law is still an ongoing focus of the Treasury and banking regulators assigned to implement it. Pettit, who had a hand in creating… Read More
