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SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
9.3.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these...
Wyoming Grants DAOs New Legal Structure
8.3.2024
Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an "oasis."
Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
8.3.2024
A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
8.3.2024
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen
U.S. Will Appeal Do Kwon's Extradition to South Korea: Report
8.3.2024
The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg
U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans
7.3.2024
Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data
Do Kwon Can Be Extradited to South Korea, Montenegrin Court Rules: Reports
7.3.2024
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead
Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
7.3.2024
Adoption of the central bank digital currency pales in comparison to the use of cash in the country
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
7.3.2024
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said
SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement
7.3.2024
SEC Commissioners Hester Peirce and Mark Uyeda voice concerns over the lack of clarity in crypto regulations after ShapeShift’s recent settlement of $275,000.
The post SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement appeared first on Cryptonews
How the SEC's Recent Win May Play in Its Coinbase, Binance Cases
6.3.2024
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling
Crypto Dollars Helped Lift U.S. Politicians to Victory in Congressional Primaries
6.3.2024
Focused campaign spending from the crypto industry hit paydirt in Super Tuesday elections across the U.S., with several key congressional races going the way the industry had hoped
'Congress Needs to Act' on Crypto Regulations, CFTC Chair Behnam Tells Lawmakers
6.3.2024
The CFTC Chair was testifying on the regulator's 2025 budget request
UK Launches Consultation on Implementing OECD Crypto Reporting Framework
6.3.2024
The U.K. government believes implementing the reporting framework could draw in 35 million pounds ($45 million) from 2026
Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai
6.3.2024
On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA...
ShapeShift Settles SEC Charges It Sold Crypto Securities
6.3.2024
The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021
SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
6.3.2024
The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs
Crypto Seeks to Make Mark on U.S. Elections During 'Super Tuesday'
5.3.2024
The long list of primary elections Tuesday across 15 U.S. states will steer the fates of many seats in Congress and further solidifies the presidential showdown later this year, but Coinbase CEO Brian Armstrong said it's also a "chance to send a message" to federal politicians who've declined...
Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
5.3.2024
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday