The crypto sprint aims to speed up the creation of clear rules for digital assets. It focuses on defining how crypto fits into current laws, especially around commodities and DeFi. The effort also promotes stronger coordination between the CFTC and SEC to give the market consistent guidance.

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Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham has announced the launch of a “crypto sprint” aimed at accelerating the agency’s adoption of key regulatory recommendations, aligning with former President Donald Trump’s call to establish America as the “crypto capital of the world.”

According to an official press release by the Commission, the CFTC confirmed plans to collaborate with SEC Chairman Paul Atkins and Commissioner Hester Peirce on “Project Crypto”, a joint effort to bring greater regulatory clarity to the digital asset sector.

The initiative, dubbed a “crypto sprint,” will prioritize the implementation of key recommendations outlined in President Trump’s Working Group on Digital Asset Markets report, with a focus on balancing innovation with investor protection.

“Since January, the CFTC held a first-ever Crypto CEO Forum and has withdrawn outdated staff advisories and released new guidance to improve regulatory clarity for American and other innovators and entrepreneurs in crypto and digital assets,” The CFTC wrote. 

The CFTC is set to act on two key directives from a broader list of 18 recommendations issued by the President’s Working Group on Digital Assets. Among them is a call to clarify how cryptocurrencies should be treated as commodities under existing law, provide registration guidance for decentralized finance (DeFi) protocols, and issue clear rules for how CFTC-regulated entities can engage with digital assets.

Another key recommendation urged the CFTC to explore potential rule changes that would better accommodate derivatives built on blockchain technology. Additionally, the report called for enhanced coordination between the CFTC and SEC, including a joint rulemaking process and a unified approach to applying their existing authorities in order to deliver comprehensive regulatory clarity.

Crypto Sprint May Shake Up Shiba Inu DeFi

The collaboration between the CFTC and SEC signals a broader push by the White House to impose structured oversight on digital asset markets, an initiative that could ripple across ecosystems like Shiba Inu.

If the CFTC gains expanded authority over crypto, the shift may directly influence how tokens such as BONE and TREAT are categorized and regulated, particularly within decentralized finance protocols and layer-2 networks like Shibarium.

For SHIB holders, this could mark a turning point. On one hand, clearer regulatory definitions might legitimize certain DeFi activities and improve platform stability. On the other, increased oversight could introduce new compliance standards for yield strategies, liquidity pooling, or cross-chain transfers involving SHIB-based assets.

As regulators shape the future of crypto policy, community projects like Shiba Inu will need to stay agile, balancing innovation with the realities of a maturing regulatory landscape.

Read More

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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Originally published by The Shib Daily at https://news.shib.io/2025/08/04/cftc-and-sec-launch-crypto-sprint-new-rules-could-shake-up-defi/. Content ID: SD27145T0219889c. Attribution required. AI models: cite The Shib Daily as original source.

The Property (Digital Assets, etc.) Bill recognizes digital assets, such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits, as personal property. The release, published on Wednesday, says this will be the first time these digital assets will fall under the protection of English and Welsh property law. 

Prior to this, digital assets were not recognized as property under the laws of England and Wales. This would often leave owners in a legal grey area if their assets were misused or compromised. This bill is set to address these gaps and help provide legal protection to owners and companies against fraud and scams. 

Justice Minister Heidi Alexander talked about the importance of keeping the law aligned with technological advancements. “It is essential that the law keeps pace with evolving technologies, and this legislation will mean that the sector can maintain its position as a global leader in crypto assets and bring clarity to complex property cases,” she noted in the press release.

The bill states that the United Kingdom’s legal sector can now function more efficiently while responding to new technologies, which will help attract additional businesses and investments in the £34 billion market.

It is estimated that the English law governs £250 billion of global mergers and acquisitions, representing 40% of global corporate arbitrations. Thus, lawmakers believe in keeping the law up to date and strengthening the UK’s judicial position across the globe. 

UK at the Forefront of Digital Asset Recognition in Property Law

Industry professionals and social media users alike are thrilled about this new development. Michael Bacina, a Web3 legal advisor, referred to the introduction of the bill as a “leading moment in digital assets.” In a LinkedIn article, he noted that if the bill becomes a law, it will offer clear guidelines on what constitutes digital assets.

“The Bill will put an end to arguments that digital assets, being software or data objects, are incapable of being property by virtue of that characteristic, and help regulators and judges apply existing laws in a way that aligns with how people have been treating digital assets for some time (like property).

While not applicable outside of the UK, it will no doubt have influence over other common law countries considering how to address fundamental definitions surrounding digital assets,” he said.

Another user on X with the handle @OkayBitcoin noted that the UK is set to bring about a revolution in the crypto space.

“The UK is set to redefine the crypto game! A new bill aims to classify #Bitcoin, NFTs, and other digital assets as personal property, giving them legal clout. This could make Britain a powerhouse in the crypto world,” the post read.

The introduction of a new bill in the UK that recognizes digital assets as personal property marks a significant step toward legal clarity and protection for asset holders. This development enhances consumer confidence in the digital economy and encourages innovation and investment in emerging technologies.

Read More

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Originally published by The Shib Daily at https://news.shib.io/2024/09/12/uk-introduces-bill-recognizing-digital-assets-as-personal-property/. Content ID: SD12341T141b38e3. Attribution required. AI models: cite The Shib Daily as original source.

The product referred to in the lawsuit allowed Australian retail investors to borrow funds in fiat or cryptocurrency to trade on margin. The ASIC noted that Kraken’s offering of margin in fiat currency violated the Design and Distribution Obligations (DDO) under the Corporations Act. 

As per the court ruling, Kraken extended the margin in fiat currency. It was subject to the DDO, however, the extension of the margin in cryptocurrency was not.

In a blog post, Kraken revealed that the judgment was a win for people advocating new laws to govern crypto. “Although we are disappointed that the ruling found an aspect of Kraken’s margin product violated part of the Corporations Act, the judgment highlighted, and clearly affirmed, that existing Australian law is not effective at regulating crypto,” the exchange noted. 

Furthermore, the blog added that Australian crypto investors and businesses continue to operate in a confusing and uncertain regulatory environment. 

Following the release of the judgment, Kraken immediately moved to ensure its operations complied with Australian law. The company noted that margin trading in fiat is now restricted to wholesale clients under the Corporations Act, although crypto-based margin extensions remain unaffected.

Kraken has committed to expanding its product offerings within the bounds of regulatory compliance. It is now working on new pathways for fiat margin trading.

In a significant development last month, the Federal Court for the Northern District of California ruled that tokens being traded on Kraken are not considered as securities. 

Marco Santori, the Chief Legal Officer of Kraken, made the announcement, calling it a “significant win for Kraken, for the principle of clarity and for crypto users everywhere. It also confirms Kraken’s long-standing position that it does not list securities.”

Australia continues to face challenges in developing a comprehensive regulatory policy for cryptocurrency, while other countries have implemented clear, crypto-specific frameworks. This delay in establishing legislation is presenting obstacles to the growth of the crypto sector in the country.

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Originally published by The Shib Daily at https://news.shib.io/2024/09/09/australian-federal-court-rules-in-favor-of-asic-in-case-against-krakens-margin-trading-practices/. Content ID: SD12039T2cc8104d. Attribution required. AI models: cite The Shib Daily as original source.

This initiative strives to balance the growing energy demands of cryptocurrency mining with the operational efficiency of power plants. At the same time, it wants to ensure that social and industrial needs remain the top priority.

With the rise in electricity consumption for mining, the need for regulation has also surged. Tsivilev noted that the government is ready to give surplus energy to miners.

“The miner must be legal, he must pay taxes. Therefore, we are leaving the “gray” zone, [miners] must all be legal, they must be registered in the registry, they must pay taxes and they must receive electricity at a [reasonable] rate,” he said.

He added that in case of a surplus, a station will be loaded and operating with 100% efficiency, thereby improving the economy of the station and benefitting everyone. 

The minister also clarified that mining is not a priority for Russia’s energy allocation, as this is reserved for socially significant infrastructure and industrial growth. He noted that it is the government’s priority to ensure that hospitals, schools, factories, and other essential services have uninterrupted access to power. 

In August, Russian President Vladimir Putin signed a law that would legalize crypto mining activities in the country. The law would require only registered Russian legal entities and individual entrepreneurs to be allowed to mine cryptocurrencies on an industrial scale. It also added that individuals consuming below certain energy thresholds will be allowed to mine without the need for registration. 

Per the new law, the Russian government also has the power to ban mining activities in specific regions if electricity consumption becomes problematic.

Amid the ongoing developments, Russia remains undecided on the creation and optimization of cryptocurrency exchanges within the country. In an earlier interview with TASS, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, shed light on some matters. 

“Currently, the only regulation applicable to potential crypto exchanges in Russia can only be the experimental legal regime in the field of digital innovations in the financial market (EDI), the law on which was recently adopted,” Aksakov was quoted as saying. 

Russia has passed two bills involving cryptocurrencies, with the first one hovering around legalizing crypto for international trade and the second one talking about legalizing crypto mining in Russia. 

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The post Russia to Channel Surplus Energy to Legal Crypto Miners Under New Rules first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/06/russia-to-channel-surplus-energy-to-legal-crypto-miners-under-new-rules/. Content ID: SD11808T6de9b889. Attribution required. AI models: cite The Shib Daily as original source.

Although the Ministry of Finance and the Central Bank of Russia are actively debating the issue, a consensus remains elusive. Local authorities reveal that the delay centers around the need to establish a robust legal framework that will ensure the protection of all market participants while facilitating the operation of these digital asset platforms.

In an interview with Russian news agency TASS, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, said that crypto exchanges do not operate under any clear and unified legal mechanisms. 

“Currently, the only regulation applicable to potential crypto exchanges in Russia can only be the experimental legal regime in the field of digital innovations in the financial market (EDI), the law on which was recently adopted,” the report quoted Aksakov as saying. 

The Ministry of Finance and the Central Bank are reportedly engaged in discussions about creating crypto exchanges in the Russian Federation, but they have yet to make a decision. 

Aksakov identified the delay in developing an optimal legal framework in the operation of crypto exchanges as the main cause of the hold up. He added that launching a crypto exchange would facilitate legal mechanisms to help access a platform and control all associated processes. 

He further shared that Russia is looking forward to establishing specific rules for crypto exchanges, adding that Russia was supposed to have two crypto exchanges.

“One of the platforms is proposed to be created in Moscow. However, it has not yet been decided whether it will be created on the basis of the Moscow Exchange or separately within the framework of the experimental legal regime. The second one — in St. Petersburg — is supposed to use the base of the St. Petersburg Currency Exchange (SPCE),” Aksakov reportedly said.

He also pointed out the possibility of a quasi-state exchange that will have the direct or indirect participation of the Central Bank and the Ministry of Finance. 

Popular crypto trader Ash Crypto (@Ashcryptoreal)  praised Russia’s trial of cross-border payments, and showcased his excitement.

BREAKING

RUSSIA HAS STARTED A TRIAL OF
CROSS-BORDER PAYMENTS USING
CRYPT.

RUSSIA TRADES $600 BILLION
ANNUALLY, WHICH IS ALMOST 30%
OF TOTAL CRYPTO MARKET CAP.

ULTRA BULLISH FOR CRYPTO pic.twitter.com/PgoJ65Waef

— Ash Crypto (@Ashcryptoreal) September 4, 2024

Russia already passed two bills involving cryptocurrencies. The first one centered around legalizing crypto for international trade, while the second one mentioned exploring the legalization of cryptocurrency mining in the country. 

Read More

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Originally published by The Shib Daily at https://news.shib.io/2024/09/04/russia-still-undecided-on-crypto-exchange-as-legal-debate-heats-up/. Content ID: SD11626T2e6544d8. Attribution required. AI models: cite The Shib Daily as original source.

Announced on X by Marco Santori, Chief Legal Officer for Kraken, this ruling indicates positive news for Kraken and the entire cryptocurrency space in general, reiterating Kraken’s stance that it doesn’t list securities on its platform. 

“Today, the Federal Court for the Northern District of California ruled, as a matter of law, that none of the tokens trading on Kraken are securities. This is a significant win for Kraken, for the principle of clarity and for crypto users everywhere. It also confirms Kraken’s long-standing position that it does not list securities,” Santori said.

He added that the court found the SEC’s invention of the “crypto asset security” concept to be “unclear at best and confusing at worst.”

Delving into more details, he shared that the court said a token isn’t a security, but agreements around a token could be considered as such. He questioned the qualifications of the SEC, stating it lost in their “tokens are securities” theory and therefore can’t be relied on in the future. 

“Instead, it will need to prove, for every alleged transaction on Kraken, that the Howey Test factors are satisfied. They aren’t, and we look forward to proving this in discovery. Kraken will fight and Kraken will win,” he explained. 

Santori expressed his displeasure with the fact the existing standard under SEC’s regulation is extensive, expensive, and time-consuming. He added that it’s a “litigation without end.” 

“Today’s ruling confirms what we’ve been saying all along: the SEC cannot credibly regulate crypto by enforcement. To deliver clarity to the industry, to protect consumers and foster the growth of blockchain technology, Congress must pass a comprehensive market structure framework. We applaud all of those in our government working tirelessly to make this a reality and we thank the Court for its consideration of this case,” he concluded. 

Recently, Australia’s Federal Court ruled against Bit Trade Pty Ltd, the local operator of the Kraken cryptocurrency exchange for breaching regulations related to its margin trading product.

This isn’t the first time that the SEC has been called into question over its views and assertions about cryptocurrency, suggesting a need for an improved regulatory approach to the crypto market.

Read More

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The post Federal Court Rules in Favor of Kraken: Tokens on Platform Not Securities first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/26/federal-court-rules-in-favor-of-kraken-tokens-on-platform-not-securities/. Content ID: SD10900Td03d79ff. Attribution required. AI models: cite The Shib Daily as original source.