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According to Odaily, the U.S. Securities and Exchange Commission (SEC) announced on May 20, 2025, that it has filed a lawsuit against New York City-based Unicoin, Inc. and three of its executives. The SEC accuses them of making false and misleading statements in the issuance of certificates claiming to offer access to Unicoin tokens and common stock. The executives involved include CEO and Chairman Alex Konanykhin, former President and Chairman, now Director Silvina Moschini, and former Chief Investment Officer Alex Dominguez. The SEC alleges that Unicoin and its executives misled over 5,000 investors by claiming that their tokens were backed by billions of dollars in real estate and pre-IPO company equity, while the actual asset value was significantly lower. Additionally, the SEC states that Unicoin falsely reported sales of over $3 billion in certificates, whereas the actual amount raised did not exceed $110 million. They also falsely advertised that their certificates and tokens were registered with the SEC. The lawsuit has been filed in the U.S. District Court for the Southern District of New York. The SEC is seeking a permanent injunction, the return of ill-gotten gains, civil penalties, and a ban on the executives from serving in any capacity within the company. Unicoin's General Counsel Richard Devlin has also been charged with negligence for making similar false statements and has agreed to pay a civil penalty of $37,500.

According to ShibDaily, Paul Atkins, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), has addressed regulatory concerns surrounding the cryptocurrency sector in a recent speech. During the SEC Speaks conference, Atkins highlighted a shift in the agency’s approach to digital assets, describing it as “a new day” for the crypto industry under his leadership. He emphasized the Commission’s readiness to adapt to emerging technologies while adhering to its statutory obligations. Atkins remarked that the crypto markets have been in SEC limbo for years and revealed that he has directed staff across the SEC’s policy divisions to start developing formal rule proposals for the crypto sector. He noted that agency teams are actively working to clarify regulatory uncertainties through ongoing staff-level guidance. Before Atkins took on the role of SEC Chair, regulatory actions during the Trump administration marked a significant departure from the approach of former Chair Gary Gensler, who focused on stringent oversight of the cryptocurrency sector. Under Gensler, the Commission prioritized enforcement and tighter regulations aimed at enhancing transparency and investor protection. This year, the SEC has rolled back multiple investigations and enforcement actions targeting crypto firms, while also releasing updated guidance on meme coins and security tokens. Atkins stated that as he begins his tenure as Chairman, the SEC is returning to its roots of promoting innovation rather than stifling it. He added that the markets innovate, and the SEC should not be in the business of telling them to stand still. Looking ahead, market participants and legal analysts are closely monitoring how the Commission’s evolving stance will shape the broader digital asset landscape. As expectations shift, companies operating in the crypto space may find new opportunities to engage with regulators and seek clearer pathways to compliance. While questions remain about long-term oversight, recent developments suggest a more open dialogue could be underway. Whether this signals a lasting policy change or a temporary recalibration, the coming months will be crucial in determining how U.S. regulatory frameworks respond to the fast-paced innovation within blockchain and decentralized finance ecosystems.

According to Odaily, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins testified before the House Financial Services and Government Operations Appropriations Subcommittee on May 20, 2025. He emphasized the importance of prioritizing regulatory transparency and accountability, particularly in the digital asset sector. Atkins highlighted the need for rigorous cost-benefit analysis in rule-making to prevent excessive regulation from hindering market innovation. Atkins also stressed the importance of strengthening collaboration with Congress to ensure that SEC's regulatory activities align with legislative intent. He advocated for a cautious approach to digital asset regulation to avoid impeding technological progress. The SEC remains committed to its mission of protecting investors and maintaining market integrity while fostering healthy financial market development.

According to PANews, the South Korean Financial Services Commission (FSC) is set to implement stricter customer verification procedures for non-profit organizations and cryptocurrency exchanges starting in June. These entities will be permitted to sell digital assets under the new regulations. To mitigate money laundering risks, cryptocurrency exchanges and banks that provide account services for crypto transactions will be required to verify the source and purpose of funds involved in transactions with non-profit organizations and other crypto exchanges. Exchanges must check the origin and intent of received cryptocurrency deposits, while banks are tasked with verifying the proceeds from cryptocurrency sales withdrawn through verified accounts.

According to Foresight News, the Indian Supreme Court has raised concerns about the government's inadequate regulation of cryptocurrencies. The court highlighted the absence of a clear legal framework, which has led to Bitcoin transactions being viewed as informal and illegal cross-border fund transfers. Judges reminded the federal government that approximately two years ago, the Supreme Court had sought clarity on India's virtual currency policy. The judges emphasized that a complete ban on cryptocurrencies is not advisable, but some form of regulation is necessary. They noted that Bitcoin profits are subject to a 30% tax, indicating a degree of legal recognition for cryptocurrencies. The court argued that if taxation is imposed, then proper regulation should logically follow.

According to Foresight News, crypto journalist Eleanor Terrett reports that Josh Vlasto, a spokesperson for the crypto policy organization CEDAR, commented on the Senate's vote on the GENIUS Act. Vlasto stated, "We congratulate the Senate on today's vote outcome. This resolution, along with the eventual passage of the stablecoin bill, clears the path for Congress to enact market structure legislation as mandated by voters, thereby establishing clear rules for digital assets."

According to PANews, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the SEC Speaks conference, highlighting the agency's past passive stance on cryptocurrency regulation. Atkins criticized the previous "ostrich policy" approach, which shifted to enforcement before accountability, resulting in a lack of trust. He emphasized the need for regulatory bodies to engage actively with the market and adapt rules to accommodate new technologies. Despite the SEC's stated willingness to communicate with potential registrants, regulatory requirements have not been adjusted, and leadership has historically hindered staff from discussing complex legal issues with market participants. Atkins has now directed the Division of Corporation Finance to engage transparently with the public. The SEC's policy divisions are currently drafting proposals for cryptocurrency-related rules, although staff members continue to address obstacles through staff-level statements, such as FAQs issued by the Division of Trading and Markets. While these staff opinions do not constitute official rules or regulations, they offer valuable insights to the public. Atkins also expressed a desire for the commission to allow SEC registrants to custody and trade both securities and non-securities under one roof. Additionally, he has requested congressional approval to reallocate funds to integrate the Strategic Hub for Innovation and Financial Technology (FinHub) into other SEC departments. This move aims to embed innovation into the SEC's core culture, as FinHub is currently viewed as an enforcement tool with limited scale and efficiency.

According to Odaily, Federal Reserve official Raphael Bostic has indicated that the number of interest rate cuts this year will depend on unfolding events, with the specifics of tariffs playing a crucial role. Bostic expressed a preference for only one rate cut this year, citing the time required to fully understand the implications of tariffs.

According to Foresight News, European law enforcement agencies have dismantled a clandestine banking network that laundered over $23 million (approximately 21 million euros) using cryptocurrencies. The operation led to the arrest of 17 individuals in Spain, Austria, and Belgium. Among those arrested, individuals of Chinese nationality were responsible for cash collection in Spain, while those of Arab nationality managed international transfers.Authorities seized approximately $229,600 in cash, $204,960 in cryptocurrencies, luxury vehicles, real estate, cigars, and handbags, with a total value exceeding $3.5 million. This operation highlights the ongoing efforts by European law enforcement to combat financial crimes involving digital currencies.

According to PANews, the Dubai Virtual Assets Regulatory Authority (VARA) has revised its digital asset trading rulebook, as reported by CoinDesk. The new regulations focus on strengthening leverage controls and collateral requirements for margin trading, with significant amendments made to the Broker-Dealer and Exchange Rulebook. This update aims to align the regulatory framework with international risk standards and address previous regulatory gaps concerning brokers and wallet service providers.VARA stated that the revisions are based on practical licensing experience and international best practices, contributing to the development of a more mature regulatory system. Ruben Bombardi, VARA's Chief Legal Officer, emphasized that these updates reinforce the foundation of a "responsible and scalable ecosystem." The authority's previously clear regulatory requirements have already positioned Dubai as a hub for cryptocurrency activities.

According to BlockBeats, the U.S. Senate is set to vote tonight on advancing a bill concerning stablecoins. This legislative move comes amid growing interest in regulating digital currencies and ensuring financial stability. The outcome of the vote could have significant implications for the cryptocurrency market and its regulatory framework.

According to PANews, Germany's financial regulator, BaFin, has issued a comprehensive Markets in Crypto-Assets (MiCA) license to Trade Republic, a major European fintech company. This license enables Trade Republic to offer crypto asset custody services to its 4 million customers across 17 markets. Additionally, the company can execute or transmit customer orders and provide transfer services, allowing it to conduct nearly all crypto-related activities in almost 30 European Economic Area (EEA) countries.Germany is a leader in the European crypto sector, having granted MiCA licenses to nine crypto asset service providers, which accounts for 36% of the EU's initial 25 licenses. With the deadline approaching in mid-2025, when European-registered crypto companies without a license may lose their qualifications, many firms in the industry are accelerating their application processes.

According to BlockBeats, the yield on the U.S. 30-year Treasury bond has climbed to 5.02%, marking its highest point since November 2023. This increase reflects ongoing shifts in the financial markets as investors respond to economic conditions and policy changes.

According to BlockBeats, Mansoor Mohi-uddin, the Chief Economist at the Bank of Singapore, highlighted in a research report that the recent downgrade of the U.S. credit rating has significant implications for the country's economic outlook.Firstly, the deteriorating fiscal situation in the United States supports the view that long-term U.S. Treasury yields will rise over time. The bank continues to forecast that the 10-year U.S. Treasury yield will reach 5.00% within the next 12 months.Secondly, the threat to the safe-haven status of U.S. Treasuries underscores the bank's perspective that the U.S. dollar has peaked.Lastly, the substantial U.S. deficits and inflation may compel the Federal Reserve to maintain higher interest rates for an extended period.

According to ShibDaily, the UK government has announced new guidelines mandating crypto firms to collect and report comprehensive data on customer trades and transfers. This initiative aims to enhance transparency and improve tax compliance within the cryptocurrency sector. The guidelines, issued by HM Revenue and Customs (HMRC), will require the mandatory collection of user and transaction data starting January 1, 2026. However, the government is urging companies to begin gathering this information ahead of time to ensure a seamless transition to the new reporting standards.Crypto firms will be obligated to collect and report detailed information for each transaction, including the user's full name, home address, and tax identification number. Additionally, the type of cryptocurrency used, the amount transferred, and identifying details of entities such as companies, trusts, and charities involved in crypto transactions must also be disclosed. This move is part of the UK's adoption of the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework (CARF), which is being extended to include domestic reporting. Firms that fail to comply with these new requirements or submit inaccurate information may face penalties of up to £300 (approximately $398) per user. Depending on the type of data collected, crypto companies may also be required to submit annual reports to HMRC.In late April, UK Chancellor Rachel Reeves introduced a proposed framework for regulating crypto assets, marking a significant step towards strengthening consumer safeguards and boosting trust in the digital asset market. The draft legislation aims to bring more oversight to the rapidly evolving crypto space. Reeves stated in an April 29 official press release that firms offering services for cryptoassets like Bitcoin and Ethereum will be subject to new, clear rules, which are expected to boost investor confidence and drive growth through the Plan for Change. The proposed legislation builds on the UK Treasury's 2023 consultation, which outlined a strategy to bring a broad range of crypto-related activities—such as trading platforms, wallet providers, and crypto lending—under formal financial regulation.This initiative reflects the government's push to align the crypto sector with existing financial standards, aiming to reduce risks for consumers and establish clearer compliance expectations for industry participants. As the UK moves to integrate digital assets into its financial oversight framework, industry participants will be closely monitoring how these evolving regulations will shape the future of crypto in the region.

According to PANews, a recent report by Fireblocks titled '2025 Stablecoin Status Report' reveals that stablecoins are transitioning from experimental products to essential financial infrastructure. The report surveyed 295 financial institution executives, with 90% indicating they are using, testing, or preparing for stablecoin payment scenarios. Of these, 49% have already implemented stablecoins for payments, and 75% believe there is a clear demand for stablecoin products among customers.The data highlights speed as the most significant advantage of stablecoins, with 48% of respondents citing it as a key benefit. Additionally, regulatory barriers have notably decreased, facilitating the adoption of stablecoins. Currently, the Fireblocks platform processes 15% of the global stablecoin transaction volume, handling over 35 million transactions monthly.

According to Odaily, U.S. President Donald Trump's tax reduction bill has gained approval from a key committee in the U.S. House of Representatives, setting the stage for a potential vote later this week. Last Thursday, efforts by Republicans to advance Trump's comprehensive tax legislation in Congress faced challenges. Five conservative hardliners within the Republican Party joined all Democratic members in voting against the bill. These conservatives demanded further cuts to Medicaid in exchange for their support in a crucial procedural vote. Republican leaders acknowledged that the bill is not yet finalized, indicating that significant revisions to the tax and Medicaid provisions are necessary to secure conservative backing.

According to BlockBeats, a spokesperson for the U.S. Treasury Department announced that Treasury Secretary Besant will attend the G7 finance leaders' meeting in Canada this Tuesday. The focus will be on addressing trade imbalances and non-market economic practices. Besant plans to discuss strategies for achieving growth driven by the private sector with other officials. Additionally, Besant has pledged to 're-privatize' the U.S. economy by reducing government spending and regulation, expressing concerns over the economy's reliance on the public sector for growth. In April, Besant had initial face-to-face discussions with G7 finance leaders during the International Monetary Fund and World Bank meetings, although no joint statement was issued.

According to BlockBeats, Japanese Prime Minister Shigeru Ishiba has expressed a desire to establish a mutually beneficial investment relationship with the United States. He emphasized that Japan cannot accept the imposition of tariffs on goods, including automobiles, by the U.S.

According to BlockBeats, starting January 1, 2026, cryptocurrency companies operating in the United Kingdom will be required to collect and report detailed user and transaction data under a new regulation introduced by the UK tax authority.This change follows the UK's adoption of the Crypto-Asset Reporting Framework (CARF), a global standard aimed at combating tax evasion and aligning the transparency of the crypto industry with that of the banking sector.Under the new rules, crypto platforms must identify each user and record their legal identity information, address, and taxpayer identification number.Additionally, platforms must document every transaction involving UK users or users from other CARF-participating countries, detailing the transaction amount, asset type, quantity, and nature of the transfer.These requirements also apply to overseas companies providing services to UK customers. In cases of incorrect or incomplete reporting, each user could face a fine of up to £300.