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Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded
12.8.2024
Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agency’s $2 billion claim
Super PAC focuses on unseating Sen. Warren, spends $850K on John Deaton
12.8.2024
The Commonwealth Unity Fund has disseminated more than $1 million in Massachusetts to support Republican John Deaton’s bid for the US Senate
Super PAC focuses on unseating Sen. Warren, spends $850K on John Deaton
12.8.2024
The Commonwealth Unity Fund has disseminated more than $1 million in Massachusetts to support Republican John Deaton’s bid for the US Senate
US Democrats are ‘increasingly gravitating towards crypto’ — Poll
12.8.2024
A poll of 804 self-identified Democrats suggested a majority favored some of the core values surrounding digital assets, as well as the US leading the world on innovation
Ripple vs SEC: ‘Victory,’ or another chapter in the legal battle?
12.8.2024
Some lawyers are doubtful on whether the latest court decision in the Ripple case should be referred to as a pure victory over the SEC
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
12.8.2024
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with...
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
12.8.2024
Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to facilitate cryptocurrency transactions, including...
Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
11.8.2024
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns...
Hong Kong to enhance digital asset regulation in 18 months
11.8.2024
By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions
CFTC Pays $1M to Whistleblower in Digital Asset Case
11.8.2024
The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams....
Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation
11.8.2024
Elon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the situation, underscoring that the issue stems from...
Putin Signs Law to Regulate Crypto Mining in Russia
11.8.2024
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with...
Peru Issues VASP Regulation, Strengthens AML/TF Requirements
10.8.2024
The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid...
Harris campaign’s alleged crypto reset questioned amid Fed's bank action
10.8.2024
Critics argue that the Fed’s actions represent a significant overreach and could stifle innovation in the rapidly growing cryptocurrency sector
IRS updates draft of crypto reporting form for US taxpayers
9.8.2024
The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”
Will the Harris-Walz presidential campaign prioritize crypto policy?
9.8.2024
With the US election in November and polls showing Harris in a dead heat with Donald Trump in battleground states, Democratic voices in the crypto industry are speaking up
Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts
9.8.2024
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which...
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
9.8.2024
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers
Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF
9.8.2024
If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies
Tech firms pen letter to EU requesting more time to comply with AI Act
9.8.2024
Tech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess