Crypto Regulation
NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024
The New York State Legislature introduced Assembly Bill 7024 authorizing stablecoins as a valid form of bail. The bill followed General Attorney Letitia James’ proposal for crypto regulations. The authority...
Crypto Influencer Faults US Govt’s $18B Crypto Tax Loopholes Claims
Influencer CryptoWendyO disputes the US government’s claims of crypto tax loopholes. The crypto enthusiast cited no clear regulatory definition of crypto yet. US President has called for Congress to close...
US Regulatory Crackdown Prompts Jane Street And Jump Crypto To Exit
Jane Street and Jump Crypto are reportedly scaling back from crypto trading in the U.S. The market-making giants have blamed the regulatory crackdown in the country for this move. Jane...
Hong Kong Won’t Be ‘Light Touch’ on Crypto Regulation, Says Executive
Hong Kong Monetary Authority CEO discusses upcoming crypto regulations. The CEO said companies that feel HK’s regulations are too tight can go elsewhere. From June 1, retail investors in Hong...
OFAC Imposes $7.6 Million Fine on Poloniex For Violating Sanctions
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has levied a $7.59 penalty on California-based crypto exchange Poloniex. The crypto exchange has agreed to pay the amount...
Coinbase Has Been Indicted of Illegal Data Harvesting by US Court
The US-based crypto exchange, Coinbase, has been indicted of violating the US biometric privacy law for illegally collecting face templates and fingerprints of its customers in a Monday suit before...
Coinbase to SEC: We’re Ready to Defend Ourself Vigorously in Court
Executives of the Coinbase crypto exchange, including the CEO Brian Armstrong and the company’s chief legal officer Paul Grewal have submitted a “Wells response” to the US Securities and Exchange...
UK Releases Guidance for Charities Receiving Crypto Donations
UK-based charity organizations accepting cryptocurrencies are mandated to keep accurate records of incomes and comply with tax and money laundering regulations. The UK Charity Commission stated the policy in a...
Hong Kong Regulator to Unveil Exchange Licensing Guidelines Next Month
In an event on Thursday, the Hong Kong Securities and Futures Commission (SFC)’s CEO, Julia Leung, said the regulator is set to release guidelines on the licensing regime for virtual...
Crypto Regulations In Bahamas To Be Strengthened Following FTX Collapse
A consultation document was published stating that the Bahamas intends to strengthen its cryptocurrency regulations following the collapse of FTX, on Tuesday. The crypto exchange was primarily located in the...
XRP Holders to Face Class Certification Hearing in California Today
The XRP community, closely following the action against Ripple Labs, is set to witness a crucial hearing today. It is a class certification case to answer whether Ripple’s token, XRP,...
‘The SEC Has Caused Untold Harm To America’: Coinbase CEO
Coinbase CEO Brian Armstrong tweeted on April 21, that he spend an entire day in Washington DC discussing crypto regulation with Congress members. Armstrong highlighted the need for regulatory clarity...
Economists Discuss AI Alignment Problem in Monetary Policy
Artificial Intelligence (AI) researchers and economists have highlighted the risks posed by the use of AI in our daily lives. According to the experts, policymakers need to address the “alignment...
South Korea May Bring New Lawsuit System for Crypto Criminals
Financial regulators in South Korea are planning to introduce a new class action legal system in light of the rising malpractices in the crypto industry. The primary objective is to...
Polygon Seeks Clarification on Limited Scope From EU in Data Act
The firm behind Ethereum’s most popular layer 2 scaling solution Polygon recently penned an open letter to the Representatives of the European Parliament, the Council of the European Union, and...
SEC Commissioner Criticizes Agency’s Approach to Crypto Regulation
In an exciting turn of events, Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC), has criticized the agency’s regulatory approach towards new technologies and business models,...
Fine and Imprisonment for Violating Stablecoin Issuance Laws
The US Congress released the discussion draft of the 118th Congress First Session, highlighting the requirements for being a payment stablecoin issuer. The draft pointed out that the bill would...
Three Events Set To Create High Impact On Crypto Today
Today is a big day for stakeholders in the crypto industry. Ethereum’s long-awaited Shapella Fork is set to go live later today. The update is believed to have a significant...
Crypto Lawyer Jake Chervinsky Says US Is Losing the Web3 Race
Crypto lawyer Jake Chervinsky believes that the United States is losing its lead in Web3. Chervinsky took to Twitter earlier today to share a report compiled by popular venture capital...
“Crypto Is Racist,” Hoskinson Sarcastically Quips at SEC’s New Claim
“Crypto is racist,” quips Charles Hoskinson, the founder of proof-of-stake (PoS) blockchain, Cardano (ADA), in response to a comment from an advisory committee of the US Securities and Exchange Commission...
SEC Boosts Opportunities for Minority-owned and Women-owned Businesses
The U.S. Securities and Exchange Commission’s (SEC’s) Office of Minority and Women Inclusion (OMWI) released its fiscal year (FY) 2022 Annual Report to Congress on April 4, 2023. The report...
U.S. Lawmaker Says SEC Chair Gary Gensler Is A Bad Faith Regulator
United States Congressman Tom Emmer has taken issue with the conduct of the Securities and Exchange Commission (SEC) and its Chairman Gary Gensler, particularly their approach towards the regulation of...
