Anatoly Aksakov, chair of the Russian State Duma’s Financial Market Committee, said a crypto regulation bill is expected to be voted on by late June and, if approved, would take effect on July 1, 2027. The bill would regulate exchanges, require retail investors to pass qualification tests with a $4,000 annual purchase cap, allow the central bank to define eligible cryptocurrencies, and permit stablecoins for foreign economic activity via licensed brokers. https://t.co/HXccTNojhO ...

Coinbase (NASDAQ: COIN) investors naturally track cryptocurrency prices. But heading into 2026, a far more solid catalyst is emerging. The July 1, 2026 deadline could trigger significant volatility for the stock, as it is the day when California's Digital Financial Assets Law (DFAL) will fully take effect. Starting that date, all businesses "exchanging, storing, or transferring a digital financial asset, such as a crypto asset" need to either hold or apply for a license from the California Department of Fi ...

Moscow will roll out long-awaited Russian crypto regulation in July, allowing both retail and institutional investors to buy Bitcoin by mid-2027, according to the chief architect of a new financial law. A comprehensive legislative framework will be ready for State Duma lawmakers to vote on at the end of June, Anatoly Aksakov, the head of the State Duma’s Committee on the Financial Markets, told Russia’s Parliamentary Gazette. The law will include regulations for crypto exchanges, which currently operate ...

U.K. officials have said they expect banks to treat all businesses fairly, including crypto services providers, as part of the government’s ambition to make the country an international digital assets hub. The government has introduced legislation for cryptoasset regulation to Parliament and that it expects final rules to be confirmed this year, “giving crypto businesses the certainty they need to invest and grow in the U.K," a spokesperson for the HM Treasury, the country's economic and finance ministry, ...

The UK’s Financial Conduct Authority (FCA) launched a new consultation last week seeking feedback on proposals to govern how crypto firms do business in the country. The consultation focuses on how firms offering cryptoasset services should meet requirements around consumer protection, conduct standards and regulatory oversight. It forms part of the FCA’s wider crypto roadmap, which aims to align the treatment of cryptoassets more closely with traditional financial services. “These proposals continue ou ...

The UK Cryptoasset Business Council is calling for clearer regulatory guidance after it found a sharp rise in crypto exchange customers experiencing blocked or limited transfers over the past year. The group, which lobbies the government on behalf of UK crypto companies, surveyed the UK’s ten largest crypto exchanges, including Coinbase, Kraken, OKX, and Gemini. 80% of respondents said an increasing number of their customers reported having bank transfers blocked or limited, while 70% said the UK bankin ...

Core Viewpoint - The SEC has dropped its lawsuit against the crypto exchange Gemini, following a joint filing with Gemini to dismiss a lawsuit related to the collapse of the Gemini Earn investment product [1][2]. Group 1: Lawsuit Dismissal - The SEC and Gemini jointly filed to dismiss a 2023 lawsuit concerning the Gemini Earn product, which involved customers loaning crypto assets to Genesis in exchange for interest [2]. - The SEC stated that since Gemini Earn investors received 100% of their crypto assets back through Genesis' bankruptcy, the dismissal of claims against Gemini is deemed appropriate [3]. Group 2: Background on Gemini Earn - The Gemini Earn product faced issues when Genesis paused withdrawals in late 2022 due to market volatility, resulting in investors being locked out of their funds for 18 months [2]. - Genesis subsequently filed for bankruptcy shortly after pausing withdrawals, impacting Gemini Earn investors [2]. Group 3: Regulatory Context - The Gemini case is part of a broader trend where the SEC has sought to dismiss several enforcement actions against crypto firms since the beginning of the second Trump administration, including cases against Binance, Kraken, Robinhood, and Coinbase [4]. - Reports indicate that nearly two-thirds of pending crypto lawsuits have seen dismissals, pauses, or reduced penalties since January 2025 [4]. Group 4: Previous Settlements - In 2024, Gemini settled with New York Attorney General Letitia James for $50 million, intended to compensate 230,000 investors allegedly defrauded by the Gemini Earn program [3].

Core Viewpoint - The US Securities and Exchange Commission (SEC) will dismiss its lawsuit against crypto exchange Gemini, reflecting a more lenient regulatory approach under President Trump [1][2]. Group 1: SEC Actions and Legal Developments - The SEC cited the return of customer assets as the reason for dismissing the lawsuit against Gemini, which had been accused of offering unregistered securities through its Earn program [1]. - Since President Trump took office, the SEC has dropped several lawsuits against major crypto companies, including Coinbase, Binance, and Ripple [2][5]. - The SEC, under new chairman Paul Atkins, has established a Crypto Task Force to create new regulatory frameworks to support the crypto industry [6]. Group 2: Gemini's Financial Situation - Gemini froze withdrawals for Earn customers in 2022 after the collapse of FTX, which impacted many crypto firms due to their exposure to FTX [3]. - Through a bankruptcy process, Genesis was able to return approximately $2 billion in crypto customer funds, including those from Gemini Earn [3]. - Customers of Gemini Earn benefited as the value of the returned crypto assets increased significantly during the restructuring process [4]. Group 3: Industry Context and Regulatory Environment - The regulatory landscape for crypto has shifted, with President Trump advocating for the industry and implementing supportive measures, such as the Bitcoin Strategic Reserve and the Genius Act for stablecoin regulation [5]. - Gemini, now rebranded as Gemini Space Station, went public last year and is listed on the Nasdaq, although its shares closed over 3% lower recently [4].

Core Viewpoint - The proposed market-structure legislation, such as the CLARITY Act, is seen as a means to provide a more stable regulatory framework for investors and companies in the cryptocurrency industry [1] Group 1: Company Perspective - BitGo's CEO, Mike Belshe, emphasizes the importance of having regulations codified into law to prevent policy fluctuations between different administrations [1] - BitGo expresses support for regulation within the cryptocurrency space, indicating a desire for clarity and stability in the legal environment [1] Group 2: Industry Implications - The discussion highlights the broader need for a consistent regulatory framework in the cryptocurrency market, which could enhance investor confidence and promote industry growth [1]

The UK Financial Conduct Authority (FCA) on Friday reached the final step of its consultation on regulation for cryptocurrency firms and published a new consultation on how consumer duty would apply to this sector. In its statement, the FCA asked for feedback with a March 12 deadline on further rules and how consumer duty should be applied to cryptoasset companies operating in the United Kingdom. It also said it aims to open the application gateway for cryptoasset permissions in September 2026. The Cons ...