The crypto industry is rapidly evolving, and regulators around the world are working to keep up. In recent weeks, we have seen some significant developments in the regulation of crypto, including:
1. The UK passed landmark crypto regulations, classifying crypto as a regulated financial activity.
2. Fidelity Investments refiled for a spot Bitcoin exchange-traded fund (ETF).
3. Mastercard is planning to launch a blockchain app store for regulated financial apps.
4. A number of people have called out SEC Chair Gary Gensler for prejudging digital assets.
5. Coinbase Global, Inc. has filed a lawsuit against the SEC, alleging that the SEC is violating the First Amendment by preventing Coinbase from offering a lending product that would allow customers to earn interest on their Bitcoin.