The United States Department of Justice has stepped up its legal clarity for the Web3 and digital assets space. On Thursday, Matthew Galeotti, acting assistant attorney general of the Department of Justice’s Criminal Division, said that Web3 developers will not be prosecuted for any wrongs made by users of their DeFi platforms. Galeotti, who was …
Chainlink (LINK), a top-tier decentralized oracle network, has achieved two major security milestones. On Thursday, Chainlink network announced that its oracles have achieved ISO 27001 certification and a SOC 2 Type 1 attestation. The Chainlink products covered by Frye latest security milestones include its data feeds, the proof of reserves, the NAVLink, and the cross-chain …
Gemini cryptocurrency exchange co-founders, Cameron Winklevoss and Tyler Winklevoss, have donated 188.4547 Bitcoin (BTC), valued at about $21 million, to the Digital Freedom Fund PAC. The recently created Digital Freedom Fund PAC received strategic funding from the Winklevoss brothers to help crypto-friendly leaders be elected during the upcoming midterm elections in the United States. According …
The wider crypto market, led by Bitcoin (BTC), has recorded mild gains in the past 24 hours. The total crypto market cap surged by 1.2% to hover about $3.92 trillion on Wednesday, August 20, during the mid-North American session. Nevertheless, the fear of further choppy crypto markets remains palpable. For instance, Bitcoin’s fear and greed …
The U.S. SEC has been increasingly softening its stance on digital assets under the Trump administration. In a recent appearance, SEC Chair Paul Atkins hinted at a change in how crypto tokens are viewed, as the agency explores ways to modernize rules for the evolving digital asset market. Most Tokens Aren’t Securities, Says Atkins SEC …
Celsius, a defunct cryptocurrency lending platform currently undergoing a court-approved reorganization plan, has announced the commencement of the third funds distribution to creditors. According to the announcement, Celsius will distribute $220.6 million to creditors through the approved methods. After distributing 93 percent of the funds owed to creditors last year, Celsius will begin distributing the …
The United States Securities and Exchange Commission (SEC) is reportedly investigating John Isaac, the president of ALT5 Sigma. According to a report by theinformation, the SEC is investigating Isaac for inflating earnings and suspicious stock transactions connected to the company. The reported investigation comes after ALT5 Sigma recently closed a $1.5 billion deal with President …
Wyoming has made history by becoming the first state in the United States to launch a government-issued stablecoin. The move is being hailed as a major step forward for blockchain innovation and public sector adoption of digital assets. Here are the key details you need to know. Wyoming Launches FRNT on Seven Blockchains The Wyoming …
Illinois is taking serious action to protect people from growing crypto risks. With scams and fraud on the rise, Governor JB Pritzker has signed two groundbreaking bills, the first of their kind in the Midwest, to give consumers stronger protections and hold digital asset businesses accountable. Illinois Cracks Down on Crypto Risks Both bills add …
The United States Securities and Exchange Commission (SEC) has delayed several applications to list and trade spot crypto ETFs on Monday. The agency opted to delay making a final decision to allow the proposed rule change to list and trade shares of Truth Social Bitcoin and Ethereum ETF. The commission has since set October 8, …
South Korea’s Financial Services Commission (FSC) is all set to unveil a new bill in October aimed at regulating won-denominated stablecoins, Money Today reported. The bill is part of the second phase of the Virtual Asset User Protection Act, and will set rules for issuance, collateral management, and internal controls. FSC to Submit Stablecoin Bill …
South Korea is tightening its grip on crypto, going after both tax evasion and digital asset crimes. From seizing hidden wealth to expanding fraud investigations, the government is making it clear that crypto is not a place for rulebreakers. Here’s the action taken. Jeju City Moves to Seize Crypto According to a report from Newsis, …
The Fed is lately softening its stance on digital assets, changing how banks can work with crypto and new tech. On Friday, the Federal Reserve announced that it is ending its special supervision program for “novel activities” such as crypto and fintech services offered by banks. Fed Moves Banks’ Crypto Review Back to Normal Oversight …
Scott Bessent, the current U.S. Treasury Secretary has clarified that the Donald Trump administration is keen on implementing a strategic Bitcoin (BTC) reserve (SBR). Bessent noted via an X post that the United States will build an SBR from the $15 billion to $20 billion BTCs forfeited to the federal government. The recent remarks follow …
Citigroup Inc. (NYSE: C) is considering introducing crypto custody services to its customers. A top executive of Citigroup informed Reuters that the bank is exploring ways to offer custody for stablecoins and spot crypto exchange-traded funds (ETFs). “Providing custody services for those high-quality assets backing stablecoins is the first option we are looking at,” Biswarup …
Singapore is emerging as a leading hub for digital finance innovation. The city-state is quickly becoming a global hotspot for tokenized assets, when blockchain tech is making investing faster, more accessible, and more transparent than before. Singapore is taking tokenisation from pilots to real-world adoption, advancing regulated finance with greater access, efficiency, and market maturity: …
Google Play Store has established new tighter rules for publishing crypto exchanges and wallets in different jurisdictions. The massive app ecosystem unveiled the new measures for specific jurisdictions to facilitate legal compliance and consumer protection. According to the announcement, crypto exchanges and wallets seeking to publish on the Google Play store must first comply with …
Andreessen Horowitz (a16z), a major venture capital firm, has spent years helping its portfolio companies sail through complex U.S. regulations. It is now writing to the SEC to ask for clear rules so that DeFi platforms can grow safely without getting caught up in securities law issues. The Safe Harbour Proposal On Wednesday, a16z and …
SEC Commissioner Hester Peirce said Tuesday that the market will ultimately decide which types of tokenized securities and real-world assets will succeed. The future of tokenized securities and real-world assets may not be shaped by regulators, but by the market itself. That is the view of SEC Commissioner Hester Pierce, who told Bloomberg that investors …
Terraform Labs co-founder Do Kwon has admitted in court that he knowingly participated in a scheme to defraud cryptocurrency investors, reversing his previous denials after the collapse of the Terra ecosystem. From Mocking Victims to Admitting Guilt For months after the crash that wiped out billions, Kwon used Twitter to mock victims, post jokes, and …
Seoul’s top crypto platform, Bithumb, has sharply scaled back its coin-lending service only a month after introducing it. On July 4, Bithumb launched its much-anticipated lending program, offering loans with 4x leverage on ten major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Tether. Borrowers could use either crypto or Korean won as collateral. But the rollout …
The end of the Ripple vs SEC legal battle has reignited speculation over the 1,700 non-disclosure agreements (NDAs) reportedly tied to the company. Some in the XRP community believe these NDAs could start expiring now that the case is resolved. However, prominent lawyer Bill Morgan isn’t buying it. ‘Nonsense’ to Link NDAs to Ripple vs …
Terraform Labs co-founder Do Kwon may enter a change of plea on Tuesday, August 12, 2025. According to a court filing dated August 11, United States District Judge Paul Engelmayer was informed of the plea change, which will significantly change the legal course of the case after months of litigation. Previously, Kwon pleaded guilty to …
The Uniswap Foundation, a well-funded nonprofit organization focused on growing and decentralizing the Uniswap protocol, has announced a new legal proposal. According to the proposal, the Uniswap Governance will adopt a Wyoming-registered Decentralized Unincorporated Nonprofit Association (DUNA) as the legal structure. The new legal entity dubbed DUNI will enable the Uniswap Protocol to retain its …
Paxos, an established real-world assets (RWA) tokenization company, has announced plans to broaden its market share. The company announced that it applied to convert its charter under the New York Department of Financial Services (NYDFS) into a national charter. Paxos filed for a national charter with the Office of the Comptroller of the Currency (OCC). …
The United States Securities and Exchange Commission (SEC) has announced a countrywide initiative to meet with more crypto stakeholders. The SEC announced on Monday that its Crypto Task Force, led by Commissioner Hester Peirce, will host a series of roundtables, with small firms in different cities. According to the announcement, the SEC’s Crypto Task Force …
The ONDO price had a landmark week, and it has managed to sustain near the $1 mark despite a slight pullback. This optimism drove through a series of regulatory and institutional developments that have lifted market-wide sentiment, even benefiting ONDO Finance’s market cap. Now, technical indicators and experts suggest that the ONDO price USD may …
Bhutan is one of the top countries with the most government-owned crypto in 2025. The country’s crypto outlook for this year is notably optimistic and strategic. It uses Bitcoin as a flexible treasury asset rather than merely a speculative holding. Bhutan has also launched innovative use cases to integrate crypto into its economy. Table of …
The GENIUS Act has sparked a big boost in the stablecoin market. On July 18th, US President Donald Trump signed the GENIUS Act into law, marking a big step to make stablecoins official financial products. Backed by strong bipartisan support, the legislation sets clear rules for the industry, including a requirement that all stablecoins must …
The United States Securities and Exchange Commission (SEC) has filed a joint dismissal of the appeals in the Court of Appeals for the Second Circuit. The joint dismissal dated August 7 marked the end of the Ripple vs SEC case, with no more escalation from both sides. According to the court filing, both parties are …