Crypto Regulation
FBI Infiltrates Hive Network, Foils $130M in Ransom Demands
On Thursday, the Federal Bureau of Investigation (FBI) issued a statement announcing its success in seizing the ransomware group, Hive Network. The agency saved 300 victims, preventing them from paying...
SEC Chief Gary Gensler Supports Re-proposed Securitization
Gary Gensler, Chairperson, U.S. Securities and Exchange Commission (SEC), states he supports the re-proposed rule. He writes in a tweet, “It fulfills Congress’s mandate to address conflicts of interests in...
Genesis Sues Roger Ver for $20M for Unpaid Crypto Options
Roger Ver, the self-proclaimed World’s first Investor in Bitcoin startups, has been summoned to pay Genesis over $20 million in damages for the latter’s loss caused due to his failure...
Grayscale Vs SEC: DC Fast-Tracks Verbal Arguments In The Lawsuit
The District of Columbia Court of Appeals has declared that it wants to fast-track verbal arguments in Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) to get a speedy...
Aussie Minister: No need to Set Up Separate Regulation for Crypto
According to an Australian press, Stephen Jones, an Australian financial services minister, said there are compelling justifications for recognizing some cryptocurrencies as financial products under the law. The minister noted...
Cryptocurrency Can Fail World Economic Forum’s ‘Great Reset’
WEF’s annual industry meetup, Davos 2023 will discuss the Great Reset strategy which aims to homogenize the global financial markets as a part of its wider plan. However, US crypto...
Former SEC Chief John Reed Lashes Out at ‘Big Crypto’ for Catchphrase
John Reed Stark, President of John Reed Stark Consulting and former SEC Chief, took to his newsletter to lash out at ‘Big Crypto’, the well-funded and organized group of crypto...
John E Deaton Responds to Martin Hiesboeck and Matt Hamilton
John E Deaton, the Managing Partner of the Deaton Law Firm and the founder of the US Legal and Regulatory News for Digital Assets, CryptoLaw, tweeted on the specifications of...
Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing
Barely hours after Genesis Global filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, two of the crypto lender’s top ten creditors...
SEC Charges Avraham Eisenberg for Stealing Cryptos Worth $116 M
The United States Securities and Exchange Commission (SEC) has charged Mango Markets manipulator Avraham Eisenberg for stealing crypto assets worth $116 Million. As per the press release, Eisenberg has allegedly...
Put Crypto Regulation in the Proper Perspective: Ripple CEO
The Ripple CEO, Brad Garlinghouse has called for crypto regulation to be in the proper perspective. He said this across multiple interviews at the 2023 World Economic Conference, Davos 2023....
Crypto Has a Major Role in UAE’s Global Trade; Says Al-Zeyoudi
At the World Economic Forum’s (WEF) annual summit at Davos, Switzerland, Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in...
“Technology Didn’t Commit Fraud,” Says Circle CEO Jeremy Allaire
Bloomberg TV quoted Circle CEO Jeremy Allaire in a tweet where he says “The technology didn’t commit fraud” regarding the recent crypto turmoil. Allaire was attending a panel discussing the...
New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans
The blockchain firm Chia Network has announced that it wants to accelerate its IPO plans, as former COO Gene Hoffman steps in as a new CEO. Hoffman released a statement...
‘Crypto is Harmless,’ Says Indian IT Minister Rajeev Chandrasekhar
Rajeev Chandrasekhar, the Indian Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship addressed the gathering at the ITech Law International Conference 2023 held in Bengaluru,...
Ransomware Revenue Falls by 40% as Majority of Victims Refuse to Pay
The illegal revenue accruing to crypto criminals from ransomware exploits declined in 2022 as more victims refused to pay, according to recent data published by market intelligence firm, Chainalysis. The...
Crypto Media House CoinDesk Taps Bankers to Explore Potential Sale
According to the latest reports, Crypto Media House, CoinDesk have hired investment bank Lazard as it explores the potential sale of its business. The decision comes in light of the...
CFTC Commissioner Wants Industry Standard Regulation For Crypto
Caroline Pham, one of the four commissioners of the U.S Commodities and Futures Trading Commission (CFTC), has called for global industry standards in the regulation of the crypto industry. In...
NY County Sued over Approval of Crypto Mining Operation
Clean Air Coalition of Western New York and Sierra Club represented by Earthjustice, a nonprofit public interest environmental law organization, filed suit with the Supreme Court of Albany County. The...
Russia Partners with Iran to Build Stablecoin for Cross-border Trades
Russian news outlet Vedomosti reported that Iran and Russia are collaborating on a “token of the Persian Gulf region” to be used for payment in international trade. According to Alexander...
Thailand’s SEC Issues New Regulations For Crypto Custodians
The Securities and Exchange Commission (SEC) of Thailand has brought forward a new set of regulations for digital asset service providers in the country. The new rules are part of...
Coinbase Is Getting Sued; Return Everyone’s SGB and FLR Back
Hodl Law, a cryptocurrency law firm, has filed a lawsuit against Coinbase for its alleged failure to distribute Songbird (SGB) and Flare tokens (FLR) to its customers as promised. The...
EU Finance Ministers’ Group Wants Digital Euro to Offer Privacy
Eurogroup which is a group of Finance Ministers within the European Union (EU) have said that they want Digital Euro to offer privacy as well as transparency. As per the...
Regulate Crypto Like Banks: Japan’s Financial Services Agency
Following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange, Japan is calling on global regulators to treat cryptocurrencies with the same rigor as they do banks. Mamoru Yanase, the Deputy...
US House of Representatives Create New Cryptocurrency Committee
On Thursday, Congressman Patrick McHenry revealed that the U.S. House of Representatives has created a new congressional subcommittee that will work toward cryptocurrencies and other digital assets. The committee will...
