Keisha Lance Bottoms, soon to be Joe Biden’s senior campaign adviser, told the media that crypto is a nonpartisan issue. On June 27, Bottoms told The Hill that crypto is “a nonpolitical and unifying issue that has received bipartisan support,” adding that crypto has attracted attention from voters across the US. She added that crypto […]
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Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses, warning of enforcement actions against non-compliance. In a statement released on June 21, the SEC announced the initiation of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs). The program […]
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Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.
Donald Trump seems to have doubled down on digital assets after he was convicted of 34 felony counts in New York.
A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines.
Julian Assange, co-founder of WikiLeaks, has left the UK following a plea agreement with the US DOJ, potentially ending his legal woes.
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Kanav Kariya, the President of Jump Crypto, announced his resignation four days after reports surfaced that the Commodity Futures Trading Commission (CFTC) was investigating its Jump Trading subsidiary’s activities. Kariya stated, “Today marks the end of an incredible personal journey for me. It’s my last day at Jump, a moment I’m receiving with both a […]
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In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.
Contributions to Michelle Bond’s 2022 congressional campaign were part of a criminal investigation into her partner, Ryan Salame.
The CFTC is investigating Jump Crypto's trading and investment activities in the crypto industry amid recent market turmoil.
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India's FIU imposes a $2.25M fine on Binance for AML rule breaches, urging future compliance with financial regulations.
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The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators.
David Hirsch, the influential head of the Cryptocurrency and Network Division at the US Securities and Exchange Commission (SEC), has officially vacated his office. This move could signal significant shifts in the crypto regulatory landscape for cryptocurrencies in the US Hirsch’s departure comes at a pivotal moment for the industry, with major legal battles ongoing […]
The US SEC has raised concerns over the status of Circle’s stablecoin, USDC, as the company seeks to go public in a multi-billion dollar initial public offering (IPO), Barron’s reported on June 18, citing regulatory documents. The SEC’s concerns are primarily related to the risks associated with USDC and other stablecoins potentially being classified as […]
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Brazil’s Special Department of Federal Revenue will begin collecting information from foreign crypto exchanges to ensure their operations are in compliance with local regulations, Reuters reported on June 18. The tax department will ask foreign crypto exchanges how they interact with local service providers and ensure the companies provide details required by regulations introduced in […]
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In April 2022, a judge sentenced Virgil Griffith to 63 months in prison for violating U.S. sanctions on North Korea.
El Salvador drafts a reform proposal to create a private investment bank to provide financial services to Bitcoin investors.
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Meta said it will delay the launch and training of its AI assistant in Europe following a request from the Irish Data Protection Commission (DPC). According to a June 10 statement, the regulator asked Meta to postpone large language model (LLM) training involving public content adults share on Facebook and Instagram. The Irish DPC acts […]
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Gemini Trust said that affected Earn users could expect “100% of the assets owed to them” within seven days.
Mark Cuban criticizes SEC Chair Gary Gensler, warning that his stance on crypto could cost Biden the White House.
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The European Banking Authority (EBA) has unveiled comprehensive guidelines addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation. Under MiCA, ARTs are digital tokens backed by assets like commodities, real estate, or a diversified basket of assets, while EMTs are tokens […]
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The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison.
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC.
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date.
The Zimbabwean government has initiated a study to develop regulations for the virtual asset industry. On June 12, the Zimbabwe Mail reported that the government had established a committee to collect data from crypto companies operating within the country. This study aims to provide a detailed understanding of the country’s crypto industry, including its size […]
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Zimbabwe is taking an exciting step into the future by launching a public consultation to get opinions on regulating cryptocurrency operations in the country, Bloomberg reports. This is a big change for a nation that has historically struggled with currency issues. Related Reading: Europol Drops Bitcoin Bomb: Mining Hotbed For Criminal Activity By asking for […]
Blockchain Australia is now the Digital Economic Council of Australia (DECA) with a membership category for banks, most of which have blocked crypto exchanges.
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
A US appeals court has overturned an SEC rule mandating hedge funds and private equity firms to increase transparency on fees and expenses, stating the regulator exceeded its authority.
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The House Appropriation budget may prevent the SEC from enforcing SAB 121, with a policy rider blocking fund use for the rule.
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