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Resolution overturning SEC crypto rule is on Biden’s desk — Now what?
24.5.2024
President Joe Biden has ten days, excluding Sundays, to decide whether he wants to follow through on his threat to veto H.J.Res.109
SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule
22.5.2024
Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory...
US Senate passes resolution overturning SEC crypto rule on banks
16.5.2024
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
16.5.2024
The SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler
House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
15.5.2024
A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk
Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
9.5.2024
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
President Biden says he would veto resolution countermanding SEC crypto rule
8.5.2024
After the U.S. House of Representatives postponed proceedings on a resolution overturning an SEC policy affecting crypto, President Joe Biden said he would veto the measure
Grayscale Withdraws Ether Futures ETF Application Before SEC Decision
8.5.2024
Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US SEC was set to rule on several spot ETH ETFs.
The post Grayscale Withdraws Ether Futures ETF Application Before SEC Decision appeared first on Cryptonews
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
5.5.2024
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation...
SEC Initiates Consultations on Rule Change for Bitcoin Trading Options
26.4.2024
The SEC has initiated a new phase of discussions regarding a proposed rule alteration for the trading of options on Bitcoin exchange-traded funds (ETFs) while also inviting public input on the matter.
The post SEC Initiates Consultations on Rule Change for Bitcoin Trading Options appeared first...
Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest
17.4.2024
Upbit has announced the suspension of processing deposits and withdrawals exceeding 1 million Korean won due to the recent suspension of Ten&Ten's Travel Rule Solution service.
The post Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest appeared...
Overwatch 2 Players Are Getting Banned For Swearing, And They’re Not Thrilled
16.4.2024
Blizzard’s customer service is in hot water after a series of exchanges about Overwatch 2’s profanity rules caught the attention of the community and subsequently went viral. Apparently, profanity of any kind is considered against the hero shooter’s code of conduct, and if someone reports...
Why older games rule - and new games drool - in Discoveryland
3.4.2024
Also: interesting stats from a niche success & lots of discovery news
Argentina President Milei Disappoints Some Bitcoiners as Crypto Registration Rule Begins
2.4.2024
The nation unveiled a mandatory registration process for cryptocurrency platforms
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
28.3.2024
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore
DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule
26.3.2024
Crypto advocacy group DeFi Education Fund and Texas-based apparel firm Beba sued the SEC on Monday, aiming to establish that airdrops should not be classified as securities.
The post DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule appeared first on Cryptonews
Coinbase launches feeless membership for TRUST’s travel rule service, enhancing user privacy
22.3.2024
Coinbase has introduced the option of a feeless membership facility for the travel rule universal solution technology (TRUST), a travel rule service. It is industry-propelled and considers client safety and privacy its topmost priority. TRUST is a prime travel rule service targeting virtual asset...
AI to rule the Web: VR and Metaverse take over, says Web inventor
20.3.2024
According to the creator of the World Wide Web, Tim Berners Lee, the future of the Internet will be dominated by AI, which is virtual reality (VR) connected with metaverse platforms. These include USM of the Raca ecosystem and a reconfiguration of Big Techs. Lee’s second observation is that...
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
17.3.2024
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be submitted alongside license applications from...
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
14.3.2024
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain...