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How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5

5.6.2023
There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence

Binance Plans To Fight ‘To the Full Extent of the Law’ Following SEC Charges

5.6.2023
Binance said the US Securities and Exchange Commission’s 13 charges against it and its CEO Changpeng Zhao are “just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance,” to the crypto industry. ... Read More: Binance Plans To Fight ‘To...

Pro-XRP attorney's phone hacked to promote LAW token

4.6.2023
Deaton alerts followers via daughter's account and urges reporting the hack as the XRP community responds, spreading awareness

Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined

2.6.2023
The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure

Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit

1.6.2023
“This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading," said the amended complaint

Increasing number of divorce proceedings involve crypto

1.6.2023
Lawyers say they are seeing an increasing number of divorce settlements featuring digital assets

Does the US have a crypto ‘tax loophole’ problem?

1.6.2023
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape?

Markets in Crypto-Assets (MiCA) Framework Signed into Law by EU Officials

1.6.2023
The European Union’s new Markets in Crypto-Assets (MiCA) rules were on Wednesday signed into law by European officials. The signing into law of the new and comprehensive regulatory framework for crypto was done by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister...

Australia asks if ‘high-risk’ AI should be banned in surprise consultation

1.6.2023
The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector

US Lawmakers Introduce Bill to Halt Federal Reserve’s Digital Dollar Testing, Citing Concerns for American Liberties

1.6.2023
U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the liberties of law-abiding Americans and are being used...

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

31.5.2023
The prosecution and FTX Debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF

EU officials sign Markets in Crypto Assets framework into law

31.5.2023
First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states

EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law

31.5.2023
The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations

Sam Bankman-Fried Leverages Law Firm Advice for FTX Fraud Defense

31.5.2023
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, is preparing to argue that he relied on the advice of Silicon Valley law firm Fenwick & West in his defense against fraud charges. On Tuesday, his lawyers requested that prosecutors turn over documents that were provided...

Researchers propose new scheme to help courts test deanonymized blockchain data

30.5.2023
A team of researchers proposed five “argumentative schemes” designed to protect the rights of crypto crime suspects while also helping investigators

What the ‘anti-mining bill’ means for the crypto industry in Texas

30.5.2023
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation

Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident

30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...