Coindesk

Trump’s election campaign focused on crypto, and already in his first 100 days in office, we’ve seen progress in support of the crypto industry. Canada held an election on Monday — can we expect the same focus on crypto in other regions?In today’s Crypto for Advisors, Morva Rohani from the Canadian Web3 Council explains what this political shift means for advisors and why it’s important to align crypto with financial system upgrades.Then, Vincent Kadar from Polymath answers questions about global trends in Ask an Expert.– Sarah MortonUnknown block type "divider", specify a component for it in the `components.types` optionCanada’s Election — Crypto Must Align With Financial Modernization Canadians have voted. While digital assets are not a priority in the new...

The U.K. needs to work harder at becoming a global center for the crypto industry to avoid falling behind countries like the U.S., industry executives told CNBC.The country has been saying it wants to be a crypto hub since 2022, before the current Labour government was elected, yet only this week did it start seeking comments on draft legislation for the industry. The European Union, meanwhile, has already implemented its Markets in Crypto Assets legislation (MiCA), which provides a uniform regime across the bloc, and the new U.S. administration of President Donald Trump is promoting the industry and relaxing regulation.“If I look at the speed of innovation, I do feel that the U.S. is ahead — although they have their...

Kuwaiti authorities are cracking down on illegal crypto mining, with over 60 individuals now under investigation, as part of a sweeping campaign to root out unlicensed operations.The country's Public Prosecution confirmed the investigations are ongoing and warned that more suspects could be identified in the coming weeks. The “security operation,” carried out last Friday, targeted residential properties across the country suspected of hosting mining rigs, according to local media.The operation was coordinated by top officials, including Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem. The government said it aims to curb unauthorized power usage that has strained the national grid and led to blackouts in some areas.The Ministry of Electricity has begun disconnecting power from...

Morgan Stanley (MS) is planning to bring cryptocurrency trading to its E*Trade platform, marking the most serious move yet by a major U.S. bank to offer retail users direct access to cryptocurrencies.The initiative, still in early stages, could debut next year. The bank, Bloomberg reports, is weighing partnerships with crypto-native firms to help build out the infrastructure for spot trading.The effort would mark a notable expansion of the firm’s crypto offerings, which currently include exchange-traded funds (ETFs), options, and futures contracts tailored to its wealthier clients. Internal discussions reportedly picked up after Donald Trump’s return to the White House last year sparked regulatory rollbacks across the crypto space.Depending on how Morgan Stanley brings crypto trading to E*Trade, the move could...

Swiss asset manager 21Shares has filed a S-1 registration form for a SUI exchange-traded fund (ETF) to the Securities and Exchange Commission (SEC).SUI is currently trading at $3.67, rising by 4% after the filing went live on the SEC's website.“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares, speaking at Sui’s annual Basecamp conference.SUI is a layer-1 blockchain developed by former Meta engineers, the network's native token has a market cap of $11.8 billion leaving it just outside the top 10 largest cryptocurrencies.21Shares' filing comes six weeks after Canary Capital filed paperwork to launch a SUI...