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US Congress Building Pro-Crypto Army, Lawmaker Says
23.5.2024
Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill...
Spot Ether ETFs receive official approval from the SEC
23.5.2024
The U.S. Securities and Exchange Commission gave the green light to several spot Ether ETFs after speculation that the regulator was considering treating ETH as a security
Ex-FTX CEO ends up in Oklahoma prison despite request from judge
23.5.2024
Records show Sam Bankman-Fried was in the Federal Transfer Center in Oklahoma City, suggesting authorities may still transfer him to a prison in California
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
23.5.2024
While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns
CBDC Anti-Surveillance State Act passes US House in partisan vote
23.5.2024
The potential misuse of the CBDC technology trumped arguments about innovation or even good legal drafting
Montenegrin Justice Minister discussed Do Kwon’s case with SEC
23.5.2024
The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea
US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
23.5.2024
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged...
FTX Fraudster Sam Bankman-Fried Being Transferred to New Prison: WSJ
23.5.2024
The location of the new prison is undisclosed as of early Thursday, but is thought to be in California, WSJ said. He is likely to be placed in a medium-security prison
Hong Kong Regulator: Worldcoin Activities Violated Privacy Ordinance
23.5.2024
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong...
House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans
23.5.2024
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote...
US House approves FIT21 crypto bill with bipartisan support
22.5.2024
Democratic and Republican lawmakers in the U.S. House of Representatives voted to pass the Financial Innovation and Technology for the 21st Century Act
The Financial Innovation and Technology for the 21st Century Act Is a Watershed Moment for Our Industry
22.5.2024
BlackRock, Grayscale and Bitwise amend ETF filings before SEC decision
22.5.2024
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings
Uniswap Challenges SEC Wells Notice, Defends Autonomous Protocol
22.5.2024
Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against...
SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
22.5.2024
The White House is "eager" to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler –...
Ripple CLO Lambasts Gary Gensler Amid SEC Legal Battle
22.5.2024
On May 22, Stuart Alderoty, Ripple’s Chief Legal Officer, unleashed a scathing rebuke on Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), for his mishandling of crypto asset regulation. Ripple CLO Tags Gensler as “Struggling Political Liability” Alderoty’s...
Binance.US wins appeal to reinstate Florida money services license
22.5.2024
Just because you can do something doesn’t mean you should, a state appeal court told the Florida Office of Financial Regulation
US authorities will transfer SBF to California prison: Report
22.5.2024
The former FTX CEO has been housed in a cell at the Metropolitan Detention Center in Brooklyn since a judge revoked his bail in August 2023
White House Opposes Crypto Bill FIT21 — Offers to Work With Congress on Balanced Framework for Digital Assets
22.5.2024
The White House has issued a statement opposing the passage of the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote today. However, the Biden Administration offered to collaborate with Congress to establish a balanced regulatory framework...
White House and SEC chair oppose FIT21 bill ahead of House vote
22.5.2024
The House of Representatives is set to vote on H.R. 4763, but U.S. President Joe Biden and SEC Chair Gary Gensler oppose the crypto-focused legislation