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The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement. If approved, the proposed rule would prohibit US financial institutions from opening or maintaining accounts for Huione Group or any of its subsidiaries. US authorities identified Huione Group as […]
Senate Republicans have accelerated efforts to bring the first comprehensive federal stablecoin legislation, the GENIUS stablecoin bill, to a floor vote before the Memorial Day recess. Senate Majority Leader John Thune formally moved to expedite consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, setting up a potential chamber-wide […]
The Financial Conduct Authority (FCA) is preparing to introduce stricter regulations for the UK’s crypto sector as it looks to reduce risks for retail investors, according to a new discussion paper. This push comes as digital assets become increasingly popular among the general public. According to recent data, 93% of UK adults are aware of […]
Kraken started 2025 on a high note, reporting a 19% increase in revenue year-over-year to $472 million for the first quarter. The May 1 earnings statement also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. Meanwhile, the company’s performance indicators showed similar momentum. The firm noted that its total trading volume rose […]
