Regulation

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📉 Case dismissed with prejudice, marking a significant win for the crypto industry.The Verge
This decision reflects a shift towards more favorable crypto regulations under the current U.S. administration.
🔍 Source: Reuters
🖋️ Post by: Aswath Ravindran
#Binance #SEC #CryptoNews #CZ #Regulation

India plans to release a crypto regulation discussion paper in June, aiming to shape future policy through public input.Industry leaders are urging tax reforms to revive domestic trading and attract global investment back to Indian platforms.
India is preparing to release a long-awaited discussion paper on cryptocurrency regulation in June 2025, a move that could reshape the future of digital assets in one of the world’s fastest-growing crypto markets. This paper is expected to outline potential policy frameworks, open the floor for public consultation, and signal a broader shift in how the Indian government approaches digital currencies.
Industry Pushes for Tax Relief as Regulation Takes Center Stage
Ever since India introduced a 30% tax on capital gains from cryptocurrency trades and an additional 1% tax deducted at source (TDS) on every transaction back in 2022, the domestic crypto industry has seen a steep decline in trading volumes. Industry reports suggest that more than 90% of Indian crypto activity has shifted to foreign platforms, prompting urgent calls for tax reform.
Crypto firms and experts have been lobbying for a reduced transaction tax of 0.1%, which they argue would still allow the government to track activity without stifling growth. Many stakeholders believe this lighter structure would encourage users to return to compliant, Indian-based exchanges.
What’s going on around the world is starting to hit close to home too. Trump recently came out in support of crypto, that move definitely made waves. When someone that big throws their weight behind something, it forces others to take a second look. Now, countries like India are feeling the heat and starting to rethink how they approach digital assets. Word is, there’s been a noticeable uptick in chats between Indian crypto founders and government folks. Both sides seem to get that it’s not just about locking things down—it’s also about giving the space room to breathe and evolve without turning it into a complete free-for-all.
What’s adding to the buzz is seeing big names like Binance and Coinbase making their way back into the Indian scene. Their comeback feels like a solid vote of confidence in India’s potential to become a space where crypto can actually grow under some clear rules. There’s been talk that if the government plays it right with regulation, the Indian crypto market could shoot past $15 billion by 2035. That kind of number isn’t just hype, it shows people are seriously betting on India figuring this out.
RBI and India Rethink Crypto Stance
Even the RBI, which has never really been shy about throwing shade at crypto, seems to be easing up a bit. They’re still not fully on board, but instead of instantly shooting things down, they’re apparently waiting to go through the upcoming discussion paper before making any new calls. It’s not a green light, but it’s definitely less of a hard no than before.
The upcoming paper isn’t gonna be a law or anything official just yet, but it’s still a pretty important move. It’s more like the first real attempt to get everyone—regulators, builders, and everyday folks—in the same room to figure things out. From what’s being said, it’ll cover stuff like how crypto should be taxed, what kind of protection investors need, and the kind of rules platforms should actually stick to. It’s not locking anything in, but it’s setting the vibe for what real laws could look like down the road.
If India handles this right, it could finally hit that middle ground—letting crypto grow without everything spinning out of control. It could bring some real direction to a space that’s been full of mixed signals and give investors a reason to stop second-guessing every move. Right now, everyone in the scene is watching June closely, hoping what drops isn’t just more talk, but something solid that actually sets the tone for clear rules, a stable setup, and a future that doesn’t feel like everyone’s just winging it.

#India #IndiaCrypto #tax #Regulation #CryptoRegulatio2025

📰 In this update:
🔹 India is reportedly preparing to release a key discussion paper on crypto regulations this June.

🔹 The draft draws guidance from IMF and FSB recommendations.

🔹 Meanwhile, the Supreme Court is pressing the government to stop delaying decisions.

🔹 India’s approach lags behind the U.S. crypto-friendly pivot under Trump and the EU’s MiCA rollout.
India appears to be making a long-awaited move in the crypto space. Reports suggest that a discussion paper on cryptocurrency regulation is scheduled for release in June, signaling a potential shift from ambiguous tax policies to more defined legal structures. After years of regulatory silence, this could be India’s most direct signal yet that it's warming up to digital assets—especially as the industry pushes toward new all-time highs (ATHs).

Global Context: Crypto Boom Meets Geopolitical Moves
The recent pro-crypto shift by U.S. President Donald Trump, combined with escalating global trade tensions, has energized digital asset markets. Bitcoin hit a fresh ATH of $111,900 on May 22 before pulling back to $105,000.
While the U.S. and EU accelerate their crypto strategies, India’s delay is becoming increasingly visible. The U.S. Senate under Trump recently passed stablecoin legislation, and the EU is already enforcing MiCA, the most comprehensive crypto law yet.

India’s Crypto Framework May Finally Arrive
The upcoming Indian policy paper is said to be largely informed by joint recommendations from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). It may invite public commentary on how India should respond to international regulatory models and domestic industry challenges.
So far, India’s crypto landscape has remained in a legal gray zone. The 2023 budget introduced a strict 30% tax on crypto profits, effectively discouraging growth while offering no formal recognition. Since then, regulators have required exchanges to register with India’s Financial Intelligence Unit (FIU), while the Reserve Bank of India (RBI) continues to warn of threats like money laundering and terror financing—while promoting its own CBDC as a “safer alternative.”
A senior government official reportedly emphasized that decisions will be made based on national interest, not knee-jerk reactions, given the scale of the sector’s impact.

Supreme Court Pressures Government for Clarity
India’s Supreme Court has grown increasingly impatient. In recent statements, it criticized the central government’s prolonged silence on crypto regulation, warning that this legal vacuum is encouraging abuse and innovation flight. The court noted that while global powers are moving forward, India is still without a clear legal framework.
A new report from Esya Centre, a leading think tank, claims that up to 90% of Indian crypto trading has shifted offshore in response to hostile regulations. Industry leaders warn that the current tax regime is stifling innovation and driving users toward unregulated platforms.
Supreme Court justices Surya Kant and N. Kotiswar Singh recently made it clear that banning crypto is not a solution—but that proper legislation is urgently required.

Crypto Market Update: Global Volatility Returns
As of Friday morning, the global crypto market cap dropped over 3% to $3.31 trillion, while 24-hour trading volume surged to $142.3 billion. Bitcoin has remained 5% down over the past week, despite recent upward momentum.
Meanwhile, Ripple’s XRP, which has been one of the biggest gainers earlier this year, plunged 10% over the same period.

#IndiaCrypto , #CryptoNewss , #bitcoin , #BTC , #Regulation

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A major crypto debate has reignited in Washington. House Republicans have introduced a bold new bill titled the Digital Asset Market Clarity Act, aimed at establishing a clear regulatory framework for cryptocurrencies and digital assets in the U.S. once and for all.

🔍 Goodbye to Legal Uncertainty? Crypto Firms May Finally Know the Rules
The bill was introduced by French Hill, Republican and Chair of the Financial Services Committee. It received bipartisan backing from five Republicans and three Democrats. Its goal is to eliminate the gray legal zone in which the crypto industry has operated for years and create the regulatory clarity needed for innovation to thrive.
Building on last year’s FIT21 bill, this new proposal takes things further—clearly dividing oversight responsibilities and introducing provisional registration for crypto companies as rules are finalized.

⚖️ Bitcoin Under CFTC, Altcoins Potentially Under SEC
Under the bill, the Commodity Futures Trading Commission (CFTC) would receive primary oversight of digital commodity spot markets—which includes major assets like Bitcoin. Meanwhile, the Securities and Exchange Commission (SEC) would continue regulating digital assets considered securities—those typically bought with the expectation of profit based on someone else’s efforts.
Crypto firms could choose to register with CFTC or SEC depending on the type of digital assets they deal with.
The bill also mandates compliance with anti-money laundering rules, including those found in the Bank Secrecy Act. Even decentralized finance (DeFi) protocols and wallet providers would fall under certain requirements, though some might be exempt from SEC supervision.

⏳ Only One Year to Finalize Rules
Regulatory agencies would be given just 12 months to establish the rules, an unusually short timeline in the context of complex U.S. financial legislation. But lawmakers say speed is essential to prevent regulatory stagnation.

🏛️ Political Tension and Crypto Community Support
Despite its bipartisan elements, the bill’s path forward remains uncertain. Some Democrats worry it’s too crypto-friendly, while others express concerns over connections between certain crypto firms and Donald Trump, who has recently re-entered the political scene.
Nevertheless, the bill is seen as a major milestone. The pro-crypto group Stand with Crypto has praised the legislation as “a significant step forward,” providing legal certainty that companies and developers need to operate in the U.S.
There is also growing speculation that this bill may eventually be merged with stablecoin legislation, potentially forming the first comprehensive U.S. crypto law.

📅 What’s Next?
President Trump has urged Congress to pass both crypto bills by August, before the congressional recess. Insiders suggest that’s a highly ambitious timeline.
In the meantime, public hearings on the bill will begin next week, giving lawmakers a chance to debate its content, suggest amendments, and outline the next steps.

#DigitalAssets , #Regulation , #CryptoNewss , #SEC , #USGovernment

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Thailand’s Securities and Exchange Commission (SEC) has announced it will block access to five foreign cryptocurrency exchanges — OKX, Bybit, CoinEx, 1000X, and XT.COM — starting June 28, citing unlicensed operations that violate the country’s Digital Asset Business Act. Legal action will also be taken against these platforms.
This move, grounded in the Royal Decree on the Prevention and Suppression of Technology Crimes (No. 2) B.E. 2568, is intended to protect investors and prevent illegal platforms from being exploited for money laundering.

❌ OKX and Nine Promoters Face Criminal Charges
Earlier, the SEC filed a complaint against OKX’s parent company, Aux Cayes FinTech Co. Ltd., and nine individuals who actively promoted its services in Thai through social media platforms like Telegram, Twitter (now X), and Line.
Investigations revealed that OKX offered crypto exchange services and charged a 0.1% trading fee without holding the required license. Such activities may constitute unauthorized operation of a digital asset exchange under Thai law and are punishable under Section 66 of the Emergency Decree on Digital Assets.

🛑 SEC Urges Investors to Move Funds Before Platforms Are Blocked
The SEC is advising Thai investors to verify whether their crypto platforms are officially licensed and, if necessary, withdraw their assets before access is restricted. Tools such as SEC Check First and Investor Alert are available to help users identify regulated entities.
Suspicious activities can be reported via hotline 1207 or through the SEC’s official Facebook page and live chat system.

🗣 OKX Responds: “We Respect Local Laws and Cooperate with Authorities”
An OKX spokesperson responded to the news, confirming awareness of the SEC's announcement and reaffirming the exchange's strong commitment to regulatory compliance. The company emphasized its cooperation with global regulators to combat illicit activities and maintain a safe, transparent trading environment.

#thailand , #SEC , #Regulation , #OKX , #bybit

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The legal battle surrounding XRP has taken an unexpected turn as a mysterious figure – Justin W. Keener – returns to the spotlight, once again submitting a request to present what he calls “decisive evidence.” His unusual filing has caught the crypto community and legal observers off guard, sparking new speculation about his motives, credibility, and the potential impact on the long-standing Ripple vs. SEC case.
Keener’s latest motion, filed on May 28, claims to contain information that could dramatically shift the outcome in Ripple’s favor. Whether this is a legitimate breakthrough or a distracting stunt remains to be seen.

Keener's Return: A Legal Threat to Ripple or Just Noise?
Well-known XRP attorney Bill Morgan expressed surprise over the filing, describing it as “emotionally charged” and filled with heavy criticism of the Howey Test, the legal standard used to determine what qualifies as an investment contract in the U.S.

Keener writes in his filing:
“I, Justin W. Keener, am not a party to this case, but I have a vested interest in the outcome for several reasons. By what I can only call a miracle, I am in possession of data and information that I believe is decisive in resolving key issues at the heart of a 10-year nightmare of chaos being unleashed upon unsuspecting American citizens.”

Despite the dramatic tone, legal experts remain skeptical. Marc Fagel, a former SEC lawyer, pointed out that this is not Keener’s first attempt to interfere in the case and noted that the SEC has previously responded to his submissions. He also questioned why Keener still has access to the PACER court system, given the seemingly unauthorized nature of his filings.

Another Attempt at Influence: Will the Court Even Consider It?
Although the court previously rejected Keener’s April 2025 motion to submit “decisive evidence” as “inappropriate,” he has now refiled it. His timing is noteworthy – it comes shortly after the court denied a joint request by Ripple and the SEC for a preliminary ruling and just before the SEC is scheduled to submit a critical update on the case.
Whether the court chooses to ignore or review Keener’s latest motion remains uncertain. In either case, the court’s response and the SEC’s reaction will likely determine if this filing will have any real influence on the case’s trajectory.

Who Is Justin W. Keener? A Controversial Figure with a Legal Past
Keener claims to be the custodian of a unique archive of physical investment contracts, which he believes have been intentionally hidden from the public for the past 50 to 60 years. He suggests these documents could expose long-standing manipulation within the financial system.
However, Keener is far from an impartial whistleblower. In 2020, the SEC charged him with acting as an unregistered dealer of penny stocks. A federal court ordered him to pay $10.2 million in penalties in 2022, stating that from 2015 to 2018, he bought and sold billions of shares of newly issued penny stocks without registering as a dealer or working through a registered broker.

🔍 What Happens Next? Ripple and SEC Brace for Impact
It’s still unclear whether Keener’s latest motion will have any measurable effect on the XRP lawsuit. So far, it seems more like a disruptive sideshow than a genuine legal threat. However, the timing and persistence of his efforts have certainly drawn attention.
Now, all eyes are on the court and the SEC to see how they handle this strange and provocative twist in one of crypto’s most high-profile legal battles.

#SEC , #Ripple , #RippleVsSEC , #Regulation , #Cryptolaw

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“