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SEC Commissioner Mark Uyeda Calls for Regulatory Rules on Crypto


The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years. In the opinion of the agency’s commissioner, Mark Uyeda, this shortsighted approach makes it harder to bring much-needed clarity to the nascent industry....

Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision


The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...

Another Court Finds SEC Acted ‘Arbitrarily and Capriciously’


The United States Court of Appeals for the Fifth Circuit has found that the U.S. Securities and Exchange Commission (SEC) acted “arbitrarily and capriciously” in a case involving the stock buyback disclosure rule. “Another day and another court finds that the SEC again acted...

Abu Dhabi Global Market Unveils New Regulations for Web3 Firms


Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months. The Abu Dhabi Global Market (ADGM) announced new rules that create numerous blockchain foundations and how they operate within the jurisdiction...

Biden Administration Issues Landmark AI Executive Order


United States president Joe Biden has issued an executive order to establish new rules and standards that artificial intelligence (AI) companies will have to follow to secure the leadership of America in the field. The executive order also ostensibly seeks to protect the privacy of citizens...

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC


Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor....

New Nintendo Rules Cause Massive Smash Bros. Fan Freakout


Nintendo’s relationship with the grassroots competitive scene around its Super Smash Bros. games has never been great, But today it may have hit an all-time low. Fans of the company’s enormously popular fighting game franchise are collectively freaking out about a new set of tournament guidelines...

Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms


New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...

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