Crypto Regulation
‘Gensler Will Cost US Its World Leader Position in Finance,’ Says Deaton
CryptoLaw founder and cryptocurrency lawyer John E Deaton has recently taken to Twitter to express his agitation against the arrogance of US regulators. He expressed the view that regulators like...
‘March Has Been a Brutal Month for Crypto,’ Says Ron Hammond
Ron Hammond, the director of government relations for the Blockchain Association, recently shared a Twitter thread about the recent challenges faced by the crypto industry in March. In the thread,...
‘A Dark Day for Crypto,’ Says Analyst, as Binance Faces CFTC Lawsuit
FatMan, a well-known figure from the Terra Research Forum, expressed disappointment in Changpeng Zhao, the CEO of Binance, following allegations of secret in-house trading by the US Commodity Futures Trading...
‘Coordinated Assault on Bitcoin,’ Says Ex-Coinbase CTO
Balaji Srinivasan, the former CTO of Coinbase, an angel investor, and a tech founder, recently took to his Twitter account to speak about Operation Choke Point 2.0. He shared a...
Binance Caught in the Crossfire: CFTC Lawsuit Aimed at SEC?
Ben “BitBoy Crypto” Armstrong tweeted his opinion on the Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance. Armstrong believes that the CFTC’s lawsuit is more of a slight against the...
Interest Drop Will Result in Next Year’s Inflation; Strategist Says
Jim Bianco, the President, and Macro Strategist at financial research institution Bianco Research LLC shared his opinion on the Federal Reserve’s interest relaxations to confront the current financial instability and...
US Wants to Block the Exits before Digital Dollar Devaluation: Balaji
Reports have emerged that US officials, including Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), have been lobbying their UK and Canadian counterparts to tighten restrictions on...
Community Rips SEC’s New Crypto Risk Warning Amid TradFi Crisis
The crypto community is having a field day dragging the US Securities and Exchange Commission (SEC) for being biased in regulating the crypto industry and the traditional financial system. Crypto...
Crypto Influencer Unrepentant as Law Firm Files Harassment Claims
Ben “BitBoy Crypto” Armstrong is unrepentant of his actions toward Adam Moskowitz and The Moskowitz Law Firm. On March 20, Adam Moskowitz and The Moskowitz Law Firm filed a Status...
Hong Kong Sees Overwhelming Response To Crypto Policy Shift
Hong Kong’s recent shift in its crypto policy seems to have grabbed the attention of virtual asset service providers and businesses from around the world. Island city’s Secretary for Financial...
FTX’s Attempt to Pitch Itself to FDIC Revealed in Leaked Emails
On March 19, it was revealed that prior to its November 2022 collapse, FTX attempted to pitch itself in a meeting with the Federal Deposit Insurance Corporation Chairman. Watchdog Protect...
Stakeholders Disagree Over the Role of Crypto in Banks’ Collapse
J.W. Verret, a professor of corporate and securities law, has disagreed with U.S. Senator Elizabeth Warren over the role of cryptocurrency in the recent collapse of Signature Bank. Verret said...
Gensler Reiterates Proof-of-Stake Tokens Could be Securities
United States Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated his opinion that proof-of-stake tokens could be considered securities under the Howey Test, thereby falling under the regulatory...
HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal
HSBC Holdings plc has announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for a nominal consideration of £1. SVB...
U.S. Regulators Reassure SIVB Depositors Over Safety of Funds
The Department of Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have released a joint statement reassuring customers of the safety of their funds in the aftermath...
The US Risks Losing Out on Leading the Web3 Revolution: Crypto Lawyer
In a recent tweet, blockchain lawyer John Deaton warned that the US government’s attempt to suppress crypto could lead to the country missing out on the Web3 revolution. Deaton expressed...
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
On Friday, Silicon Valley start-ups lender, SVB Financial Group, was closed by the California Department of Financial Protection and Innovation and transferred to the Federal Deposit Insurance Corporation (FDIC). According...
US Judge To Decide if SBF Should Suffer Any Bail Restriction
This Friday, a US judge will decide whether Sam Bankman-Fried, the FTX founder, should be subject to any bail restrictions and whether or not his fraud trial, originally scheduled to...
Regulators Caution Crypto Investors on “Proof of Reserve” Reports
On Wednesday, the Public Company Accounting Oversight Board (PCAOB) published an advisory cautioning investors against putting too much faith into the so-called “proof of reserve” reports that some cryptocurrency businesses...
Indian Finance Ministry: Crypto Trading Is Now Subject to AML Laws
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. In a notification on Tuesday, the Indian Finance...
Thailand Implements Tax Relaxation on Digital Token Companies
The government of Thailand announced that the companies that issue digital tokens would be excluded from the corporate income tax and value-added tax. Over the past few months, the country...
UK Focuses on Consumer Protection, Novel Crypto Regulations
Conforming to the latest reports, the United Kingdom Treasury and the European Union have been stepping forward with novel approaches to the crypto space, introducing regulations on crypto focusing on...
Singapore Police Probe Against Do Kwon Garners Public Attention
A recent investigation by the Singapore police into Terraform Labs, a blockchain infrastructure provider, for alleged fraud has caught the public’s attention. For instance, a Twitter user suggests that Do...
Australia’s Substantive Crypto Regulation Could Wait Until 2024
Reports from Australia reveal it is unlikely for the government to release conclusive crypto legislation before the end of 2023. Based on the timetable of consultative programs and events, Australia’s...
Michael Saylor Criticized Over Position on Bitcoin Regulation
Crypto Tips YouTube co-host Heidi has criticized the former CEO of MicroStrategy, Michael Saylor, in calling for increased regulation of cryptocurrencies. Heidi questioned Saylor’s sincerity over his position despite being...
