SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen
[Oct 19, 2023 3:22 PM] The civil lawsuit against the Ripple executives had been ongoing since December 2020.
43 / 82 Relevant items tagged with #Regulation
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FinCEN proposes designating crypto mixers as money-laundering hubs
[Oct 19, 2023 12:02 PM] U.S. Treasury previously targeted individuals connected to Tornado Cash, but its proposed actions on mixers followed concerns suggesting Hamas was financed in part by crypto.
Advocacy groups push back against Sen. Warren linking crypto with terrorism
[Oct 19, 2023 10:26 AM] The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds.
What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut
[Oct 19, 2023 8:02 AM]
Pennsylvania State House Committee Passes Bill on ‘Reporting Requirements’ for Crypto Miners
European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset
[Oct 18, 2023 8:30 PM] The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware…
Digital Euro Enters ‘Preparation Phase’ — ECB Says ‘Digital Euro Would Make Data Protection a Priority’
[Oct 18, 2023 6:30 PM] The European Central Bank (ECB) has decided to move its digital euro project to the next phase after two years of investigation. The “preparation phase” of the digital euro will involve “finalizing the digital euro rulebook and selecting…
ECB officials move to 'preparation phase' for digital euro
[Oct 18, 2023 1:59 PM] Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project.
Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment
[Oct 18, 2023 12:58 PM] Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment.
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
[Oct 18, 2023 10:33 AM] According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds.
It’s Time for a Purpose-Built Disclosure Framework for Crypto
[Oct 18, 2023 8:01 AM]
Crypto World Hopeful as California Chases BitLicense in Absence of U.S. Feds
[Oct 18, 2023 8:00 AM] Crypto insiders feel they've been burned before in the cauldron of New York’s BitLicense, but they fell that California’s implementation leaves some room for hope.
U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia
[Oct 18, 2023 7:54 AM] Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
SEC to Intensify Crypto Market Monitoring and Examinations
[Oct 17, 2023 7:30 PM] The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale…
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
[Oct 17, 2023 3:28 PM] Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.
Nishad Singh says there is ’a lot’ he doesn’t remember about FTX in 2022 — SBF trial
[Oct 17, 2023 11:04 AM] Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
[Oct 17, 2023 5:30 AM] Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to…
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
Former FTX engineering director faces up to 75 years in prison following guilty plea
[Oct 16, 2023 3:19 PM] Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.
Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
[Oct 16, 2023 1:59 PM] The order was unclear as to the nature of the documents under subpoena but stated Genesis had failed to provide the information by Oct. 9.
Nishad Singh testifies on Sam Bankman-Fried's 'excessive' investments through Alameda
[Oct 16, 2023 9:49 AM] The former FTX engineering director reportedly testified that SBF would "unilaterally spend Alameda's money” and was “ultimately” in charge of the firm rather than Caroline Ellison.
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
[Oct 14, 2023 9:30 PM] The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the…
Ripple’s Legal Chief Calls for ‘Rational’ Crypto Regulation — Urges US to Stop Elevating Politics Over Sound Policy
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
[Oct 13, 2023 8:30 PM] India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand…
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
[Oct 13, 2023 3:07 PM] The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service
[Oct 13, 2023 11:25 AM] Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”.
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
[Oct 12, 2023 7:30 PM] Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted…
Coinbase Executive Urges Congress to Pass ‘Sensible’ Crypto Legislation Swiftly as Middle East Conflict Escalates
[Oct 12, 2023 5:30 PM] Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in…
Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX
[Oct 12, 2023 3:30 PM] The claims include allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition.”
Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison
[Oct 12, 2023 3:00 PM] The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the cause.