Crypto and Laws
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DeFi bill introduced in Senate would hold major investors responsible for illegal use
Senators Jack Reed (D-RI) and Mark Warner (D-VA) have introduced a new bill that aims to combat illicit financial activity like money laundering...
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El Salvador’s Bitcoin experiment sees slow adoption, but crime reduction
Two years after El Salvador adopted Bitcoin as legal tender, adoption remains low as citizens question the cryptocurrency’s benefits,...
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ASIC cancels FTX Australia’s license amid escalating crypto regulation
According to a statement released on July 19, the Australian Securities and Investments Commission (ASIC) canceled the Australian Financial...
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FTX Australia’s financial license canceled
The financial regulatory authority of Australia has taken a significant step by revoking the financial license of FTX Australia, a crypto exchange...
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Nevada court orders Prime Trust into temporary receivership
Nevada courts have ordered Prime Trust, a prominent crypto custodian now facing financial troubles, into temporary receivership on July 18,...
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Republican lawmakers are preparing a new crypto bill in wake of Ripple decision
Republican Congressman Glenn Thompson (R-PA) is gearing up to introduce his crypto bill in the House of Commons this week and believes the recent...
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US law enforcement shocking seizure of millions from major bank
Federal authorities in the US have recently executed multiple seizure warrants for accounts held by Deltec Bank, a Bahamian bank associated with...
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UK think tank argues AI leadership hinges on effective regulation in new report
The UK government aims to establish the country as a global leader in artificial intelligence, but experts argue effective regulation is essential...
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Challenger exchanges look to compete with Binance as OKX, Bitget claim market share
As reserves continue to decline across all major centralized exchanges (CEXs), Binance, the top exchange by trading volume, is beginning to lose...
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Regulatory clarity coming soon to crypto markets, says CFTC Commissioner
US Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham, while appearing on Bloomberg Markets: The Close, stated that recent...
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Elizabeth Warren asks SEC to investigate Elon Musk’s dual roles at Twitter and Tesla
On July 17, Senator Elizabeth Warren called on the U.S. Securities and Exchange Commission (SEC) to initiate investigations into two companies...
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Gary Gensler ‘disappointed’ in Ripple ruling regarding retail investors
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler recently voiced his dissatisfaction with a court ruling related to the XRP...
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Financial Stability Board releases framework for global crypto-asset regulation
The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, has finalized its...
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Financial Stability Board introduces crypto regulations for global markets
The Financial Stability Board (FSB), the international organization entrusted with overseeing the global financial system, has introduced an...
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The SEC has put ‘power and politics’ over ‘sound policy,’ says Ripple CEO
The U.S. Securities and Exchange Commission (SEC) has been prioritizing “politics and power” over creating “sound policy,”...