Crypto Regulation
Paradigm Files Amicus Brief in the SEC-Binance Lawsuit: Report
Paradigm files an amicus brief in the SEC lawsuit against Binance. The platform points out the SEC’s “capacious” and “unreasonable” norms, highlighting the need for Congressional authorization. Per their official...
3AC Co-Founder Su Zhu Arrested at Singapore Airport: Report
The Three Arrows Capital co-founder Su Zhu was arrested at Singapore Changi Airport while attempting to leave the country. The Singapore Court released committal orders to 3AC co-founders Zhu and...
Gensler Under Fire for Perceived Conflicts in Crypto Regulation
In a recent post on X (formerly Twitter), crypto trader Lady of Crypto expressed serious concerns about the suitability of Gary Gensler as the Chairman of the U.S. Securities and...
Japanese Crypto Association Attempts To Reform Rules For ICO
The Japanese Crypto Asset Business Association (JCBA) recently unveiled an initial draft of rules to overhaul the initial exchange offering (IEO) and initial coin offering (ICO) processes in Japan’s crypto...
FOIA Request Casts Light on SEC’s Cryptocurrency Approach
Empower Oversight has initiated a noteworthy effort to enhance accountability within the Securities and Exchange Commission (SEC). This act involves a recent Freedom of Information Act (FOIA) request with the...
Crypto Firms Seek Overseas Growth Amid Regulatory Pressure in the US
Crypto firms are looking for growth opportunities outside America, according to the Wall Street Journal. The reasons for the departure are reportedly due to U.S. Securities and Exchange Commission (SEC)...
Vivek Ramaswamy Slams the SEC for ‘Regulation by Enforcement’
Vivek Ramaswamy, a Republican candidate for the American Presidential election, recently shared insights on the potential establishment of blockchain technology and digital assets in the US, by introducing a “comprehensive...
Hong Kong Official Calls For Crypto Regulation Amid JPEX Fiasco
John Lee, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), recently called for stricter crypto regulations following the ongoing issues with local crypto exchange JPEX. Lee’s comments...
South Korean Regulator Takes Aim At OTC Crypto Trading
South Korea’s customs agency recently highlighted crypto trading’s role in illegal forex transactions. The Financial Services Commission (FSC) has also taken note of OTC crypto trading’s role in financial crimes....
Hong Kong’s Financial Watchdog Warns Against Disguised Crypto Firms
The Hong Kong Monetary Authority (HKMA) recently released a warning against the crypto-related companies that identify themselves as “banks” and their products as “deposits”. The financial watchdog further suggested the...
Crypto Regulator Peter Motor Resigns, NYDFS Searches for the Next Chief
Peter Marton, Deputy Superintendent of Virtual Currency at NYSDFS, is set to depart on September 29. Marton will leave his post to pursue private sector opportunities, according to superintendent Adrienne...
Stoner Cats NFTs Face SEC; Critics Question Settlement’s Legitimacy
In its regulatory move against NFT offerings, the U.S. Securities and Exchange Commission (SEC) has classified Stoner Cats NFTs as unregistered securities. The company behind the NFTs, Stoner Cats 2...
CFTC Charges Opyn, ZeroEx, and Deridex — Are DeFi Activities Illegal?
The Commodity Futures Trading Commission (CFTC) recently took enforcement actions against Opyn, ZeroEx, and Deridex, sending a stern message to the decentralized finance (DeFi) community. Opyn, Inc., headquartered in California,...
Grayscale Urges SEC to Approve GBTC Conversion to Bitcoin ETFs
Grayscale Investments reportedly urged the Securities and Exchange Commission (SEC) to approve the company’s application for the conversion of Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), claiming that...
Is India About to See Its First Crypto Regulatory Pronouncement?
According to a statement from India‘s Finance Minister, Nirmala Sitharaman, discussions are underway regarding establishing a regulatory framework for cryptocurrencies. Reuters captured this development in a report earlier today. The...
Ripple Labs Objects SEC’s Request for Interlocutory Appeal: Lawyer Comments
Ripple Labs filed a motion, objecting to the SEC’s request for an interlocutory appeal in the ongoing lawsuit. Bill Morgan shares insights on Ripple Labs’ move, reinforcing his positive view...
BlackRock’s Bitcoin ETF in Limbo: What’s Behind the SEC’s Latest Delay?
The U.S. Securities and Exchange Commission (SEC) has, once again, delayed its ruling on spot market Bitcoin exchange-traded funds (ETFs). Led by Gary Gensler, the Commission opted to postpone a...
SEC Reasseses Court Opinion After Losing in Grayscale Case
Journalist Eleanor Terrett of FOX Business took to Twitter today to unveil a statement from the U.S. Securities and Exchange Commission (SEC) about their next steps in the ongoing Grayscale...
Binance Aided Investigative Action That Led to Arrest of ISIS Members
The world’s largest crypto exchange, Binance, says intelligence provided by its investigations team helped in the recent arrest of prominent and wanted members of a branch of the ISIS terror...
Thailand Could Shut Down Facebook for Promoting Crypto Scam Ads
The government of Thailand has reportedly taken the initiative to request the court for a legal closure of Mark Zuckerberg’s social media platform Facebook in the country, concerning the platform’s...
SEC Files Interlocutory Appeal: Ripple CTO Explains Legal Aspects
David Schwartz comments on the SEC’s recent filing of the interlocutory appeal in the ongoing SEC-Ripple lawsuit. Schwartz clarifies that the SEC has the right to move forward with the...
Crypto-Assets Present Novel and Complex Risks: FDIC 2023 Risk Review
The crypto-asset sector witnessed substantial market volatility throughout 2022 that revealed several vulnerabilities within the industry. Even so, its remarkable growth saw numerous banks express interest in engaging in crypto-asset...
Crypto Lawyer Says Luck Played A Major Role In XRP Ruling
Crypto lawyer John Deaton recently stated that the summary judgment in the Securities and Exchange Commission’s controversial lawsuit against Ripple wouldn’t have been possible without the efforts of the crypto...
Bittrex Settles SEC Lawsuit for $24 Million: SEC Receives Criticism
John E Deaton, an XRP lawyer and founder of the crypto regulatory news platform CryptoLaw, shared a thread on X earlier today, lambasting the Securities and Exchange Commission (SEC) for...
Uzbekistan Ramps up Crypto Adoption, Issuing New Regulatory License
Vladimir Norov, the former Minister of Foreign Affairs of Uzbekistan shared a Twitter thread earlier today, announcing that the payment platform Paynet Crypto has acquired a license for its crypto...
