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Two more crypto bills in the US: Law Decoded, July 17–24
24.7.2023
Last week was marked by two new legislative initiatives for the crypto industry in the United States
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
24.7.2023
The new law describes a legal framework for a central bank digital token
What criminal charges for Celsius ex-CEO mean for crypto industry
24.7.2023
The former CEO of the troubled crypto lender faces multiple charges of fraud and market manipulation as U.S. regulators eye crypto market overhaul
Putin signs law on introduction of digital ruble in Russia
24.7.2023
Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, Bank of Russia governor said last week
XRP court ruling marks milestone, but new crypto law could take years
24.7.2023
Ripple’s partial victory against the SEC is positive, but crypto firms still face uncertainty without a regulatory framework
Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors
22.7.2023
Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors...
Ripple CLO Stuart Alderoty States SEC Chair Gary Gensler ‘Misstates the Law’ on Tokens
22.7.2023
Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the stance taken by Gensler, stating that...
Centralized exchanges will become gateways for DeFi: Finance Redefined
21.7.2023
The top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
21.7.2023
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors
US House Republicans Introduce Landmark Bill for Regulating Crypto: The Financial Innovation and Technology for the 21st Century Act
21.7.2023
On Thursday, Senior House Republicans presented legislation to resolve the regulatory ambiguity surrounding the digital asset industry.
The proposed bill calls for mandatory definitions of "blockchain" and "digital asset" to be included within the existing financial laws by market regulators....
US law protects institutions and exposes retail investors — Rep. Torres
20.7.2023
New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling
Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright
20.7.2023
A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk
El Salvador's Bonds Surge 62% Amid Bitcoin's ETF-Driven Rally
20.7.2023
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing
Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment
19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
18.7.2023
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing
Neopets Is Under New Management, Ditching NFTs And Other BS
18.7.2023
Neopets, the beloved virtual pet game from the 2000s that featured Flash games and a giant omelette, is under new management—and they’re looking to reinvigorate the world of Neopia. On July 18, the newly formed World of Neopia, Inc. published a lengthy blog post under the byline “The Neopets Team”...
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
17.7.2023
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020
Ripple's XRP Ruling Does Nothing for Regulatory Clarity
17.7.2023
FBI Used Nintendo Switch To Locate Abducted Child
17.7.2023
The FBI used a Nintendo Switch console to locate an abducted 15-year-old girl, who had been missing for 11 days back in August 2022, ABC15 reports.Read more
US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP
16.7.2023
Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only...