The US Securities and Exchange Commission (SEC) and crypto entrepreneur Justin Sun have jointly moved to pause their legal battle as they explore a potential settlement, according to a court filing submitted on Feb. 26. The request, filed in the US District Court for the Southern District of New York, asks Judge Edgardo Ramos to […]
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Gotbit founder Aleksei Andriunin has been extradited to the US to face charges related to market manipulation and wire fraud conspiracy, according to a Feb. 26 statement by the US Attorney’s Office District of Massachusetts. Andriunin was arrested on Oct. 8, 2024, by authorities in Portugal, where he was living. Following his extradition, he appeared […]
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In recent days, the SEC has withdrawn cases against Coinbase, OpenSea, Robinhood and UniSwap and entered talks with Justin Sun.
Lawmakers are starting to get cracking on crypto legislation with hopes that bills can soon get signed by Trump by the end of the year.
The SEC and crypto entrepreneur Justin Sun are looking into potentially resolving its case involving fraud.
The Ethereum Foundation has stepped in to support Alexey Pertsev, a developer behind Tornado Cash, by donating $1.25 million toward his legal defense. Announcing the donation on Feb. 26, the Foundation emphasized the importance of privacy and the rights of developers, saying: “Privacy is normal, and writing code is not a crime.” Pertsev expressed his […]
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The defendant has been indicted by a federal grand jury for allegedly participating in a scheme to inflate the prospects of certain tokens.
Lawmakers voted to support a resolution to overturn a controversial tax rule and will head to the full House of Representatives for a vote.
Pump.fun's compromised X account promoted one false governance token and two other scam tokens about the hack itself, including "HACKED" and "hackeddotfun."
The CFTC's Christy Goldsmith Romero said she plans to step down after nominee Brian Quintenz is confirmed to lead the agency.
Forme Rep. Patrick McHenry, who was instrumental in advancing crypto bills, is joining Silicon Valley-based venture capital firm a16z.
The judiciary authorities urged further study on practical solutions for handling cases involving cryptocurrencies.
The US Securities and Exchange Commission (SEC) officially closed its investigation into Uniswap Labs without taking enforcement action, according to a Feb. 25 statement. The investigation, which began over three years ago, centered on allegations that Uniswap Labs operated as an unregistered broker, exchange, and clearing agency and issued an unregistered security. Uniswap Labs characterized […]
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Coinbase and OpenSea recently had their years-long investigations dropped by the SEC as the agency takes a friendlier approach to crypto.
Regulatory agencies have scrutinized crypto ATMs over the years over concerns that they are being used in scams.
Owner James Howells strongly rejected the firm's claims amid his ongoing legal attempts to access the site or buy the landfill outright.
The hack, which occurred during the Uranium Finance protocol migration in April 2021, resulted in a loss of about $50 million.
An affiliate of OKX agreed to pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.
The SEC has been making moves to re-evaluate its approach to regulating crypto after years of a "regulation by enforcement" approach.
Robinhood announced that the SEC has closed its investigation into the company's crypto division without pursuing enforcement action.
OpenSea said the U.S. Securities and Exchange Commission has ended its investigation of the NFT marketplace, according to Bloomberg. Earlier this month, the organization released a beta version of its OS2 platform and confirmed plans for a SEA token airdrop, which will be available to U.S. users. The move comes shortly after the SEC decided […]
Franklin Templeton is looking to include staking in its proposal to the U.S. SEC for a Solana exchange-traded fund.
The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase has reached an agreement with SEC staff to dismiss its enforcement case pending final approval from the Commission, pushing Bitcoin back over $99,000. The agreement follows a protracted legal dispute that raised questions about regulatory authority and asset classification. In public statements, Coinbase CEO Brian Armstrong explained that the litigation began when the SEC […]
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The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency's previous crypto stance.
Sam Bankman-Fried, the convicted founder of the collapsed FTX exchange, maintains his innocence, claiming political bias influenced his prosecution. In an interview with The New York Sun, he argued that his case was unfairly handled and suggested that his legal troubles stemmed from his shifting political stance. This interview emerged less than a few days […]
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As the U.S. Congress works to regulate crypto, state lawmakers are increasingly forging ahead on bills that embrace crypto.
The U.S. SEC is creating a new unit within its agency aimed at protecting investors from bad actors in crypto and artificial intelligence.
The SEC filed a motion to dismiss its appeal of a ruling against an effort to expand its securities "dealer rule" on crypto and DeFi users.