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The US Securities and Exchange Commission has introduced its first major crypto regulatory framework, offering exemptions for token offerings up to $5 million and $75 million thresholds, marking a significant policy shift toward industry-friendly rules.
The US Senate is progressing toward a vote on the Clarity Act, landmark legislation establishing a federal regulatory framework for cryptocurrencies. The bill requires bipartisan support and carries implications for global digital asset markets.
Paul Grewal, Coinbase's chief legal officer who successfully defended the cryptocurrency exchange against SEC allegations, is departing after six years. Molly Abraham assumes the role of general counsel while Ryan VanGrack becomes vice chair.