The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks of organized crime groups that increasingly exploit cryptocurrencies to launder money . These legislative changes […]
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The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) are urging US authorities to crack down on the use of crypto in the illegal trade of child sexual abuse material (CSAM). The lawmakers raised the alarm in an April 26 bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas. Crypto […]
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The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.
Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn't nominate a replacement.
The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. According to the statement: “The new laws include enhanced due diligence measures and checks on customers’ identity, […]
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The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.
After a jury found Terraform Labs and Do Kwon liable for fraud in its case with the SEC, the commission filed a motion requesting $5.3 billion in disgorgement and civil penalties.
Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April. The regulator reportedly intended to terminate both lawyers if they did not resign. Bloomberg […]
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Subject to approval, the proposed settlement would resolve a civil suit between the former FTX CEO and users seeking recourse for losses during the fall of the crypto exchange.
The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. The regulator alleged that Sun “traveled extensively” to the US while he and several companies carried out […]
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Judge Edgardo Ramos determined that Mark Scott was not “likely to flee or pose a danger to the safety of any other person or the community if allowed to remain on bail.”
A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a proposed ban on algorithmic stablecoins. Former Blockchain Association member Jake Chervinsky called the Lummis-Gillibrand Payment Stablecoin Act “deeply flawed” on April 17. He warned that the bill would only permit centralized and custodial […]
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Avi Eisenberg could face up to 20 years in prison after a conviction of wire fraud, commodities fraud and commodities manipulation related to a $110 million Mango Markets exploit.
US Senator Elizabeth Warren said any new crypto regulation, including the newly proposed regulatory framework for the stablecoin market, must include the full suite of anti-money laundering authorities that the Treasury Department requested in November 2023. In an April 16 letter addressed to US Treasury Secretary Janet Yellen, Senator Warren articulated her stance and advocated […]
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Avi Eisenberg could face up to 20 years in prison if found guilty of commodities fraud and manipulation related to his alleged October 2022 exploit of Mango Markets.
A bill in the House of Representatives aimed at providing guardrails for stablecoins has not moved forward since July 2023.
Many analysts are looking at how the cryptocurrency’s inflation rate will compare to gold’s after the halving, expected on April 19.
The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering.
US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year […]
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Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, […]
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The Securities and Futures Commission, Hong Kong's markets regulator, has not made an official announcement.
Judge Lewis Kaplan said at a March 28 sentencing hearing that the former FTX CEO would serve his time at a medium- or low-security prison in the San Francisco Bay Area.
The US SEC has issued a Wells notice to Uniswap Labs, the entity behind the Ethereum-based decentralized exchange, Uniswap. The notice signals the SEC’s plan to bring a lawsuit against the company for issues related to securities laws. Hayden Adams, founder of Uniswap, shared his reaction to the SEC’s warning on social media, saying: “I’m […]
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The country's "wait and see" approach to regulating crypto could risk New Zealand missing out on the benefits of industry developments, a government inquiry found.
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.
The Blockchain Association, Coin Center and DeFi Education Fund supported a motion for the U.S. government to dismiss charges against Roman Storm.
The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon.