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U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing
13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...
US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year
11.11.2023
The Commodity Futures Trading Commission (CFTC) has revealed that it filed a record number of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, representing more than 49% of all actions filed during...
House Approves Amendment to Limit SEC’s Crypto Enforcement Authority
10.11.2023
The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against the crypto industry. “Gary Gensler is...
India Trains Around 3,000 Officials in Cryptocurrency Forensics and Investigation
9.11.2023
Source: Pexels India offered officials from various cybercrime and police departments training in cryptocurrency forensics and investigation during the financial year 2022–2023. According to the Ministry of Home Affairs (MHA)’s annual report, the training is aimed to equip law enforcement...
Tom Emmer’s Amendments to Curb SEC Enforcement Abuses against Crypto Passes House Unanimously
9.11.2023
Source: Twitter/@MNFarmBureau Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets. The politician has attached an amendment to HR 4664, also known...
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
9.11.2023
Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto
CFTC States 50% of Reported Cases Involved Crypto in Released Enforcement Results
8.11.2023
Source: Adobe The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023. As detailed in an official document dated November 7, the government agency reported its pursuit of...
‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023
8.11.2023
The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Crypto's Bromance With U.S. CFTC May Be One-Sided
7.11.2023
Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday
Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement
7.11.2023
Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan.” Essentially, the clause is a policy on the issuance and sale...
SEC Commissioner Mark Uyeda Calls for Regulatory Rules on Crypto
6.11.2023
The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years. In the opinion of the agency’s commissioner, Mark Uyeda, this shortsighted approach makes it harder to bring much-needed clarity to the nascent industry....
Jurat Launches Layer-1 Mined by Attorneys
6.11.2023
PRESS RELEASE. A group of attorneys and blockchain engineers are building a new Bitcoin fork blockchain using an emerging legal enforcement protocol that bridges the blockchain to state and federal courts. Called Jurat, the protocol enables capabilities like freezing disputed coins or recovering...
Former SEC Official Warns SBF Conviction Is ‘Just the Tip of the Iceberg’ for All of Crypto
5.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement says the conviction of ex-FTX CEO Sam Bankman-Fried (SBF) is “just the tip of the iceberg” for the entire crypto industry. “People should not think that it’s safe to go back in the water...
Bitfinex users fall for ‘minor’ phishing attack after employee gets hacked
5.11.2023
Bitfinex stressed its systems weren’t compromised and no customer funds were lost
SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System
2.11.2023
SafeMoon was exploited in March earlier this year after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds
PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin
2.11.2023
The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin...
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...
SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged By SEC
1.11.2023
The Securities and Exchange Commission (SEC) has charged SafeMoon and its executive team with perpetrating a fraudulent scheme through an unregistered securities sale
CFTC pays whistleblowers $16M this year for mostly crypto tips
1.11.2023
Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator