Government policy, laws and regulation shaping digital assets and the future of money.
Attorneys for Terraform Labs claimed that since the Luna Foundation Guard (LFG) is currently a non-entity in this matter, the SEC should properly pursue the penalty from them. Following Do Kwon’s fraud conviction, the US Securities and Exchange Commission (SEC) has recommended a $5.3 billion fine. On the other hand, attorneys for Terraform Labs argue … Read more
The creators of the privacy-focused Wasabi Wallet, zkSNACKs, have chosen to limit access to their services for users in the United States due to recent legal actions and governmental scrutiny. This action is being taken amid rising worries in the cryptocurrency industry as a result of the arrests of people connected to other wallet services … Read more
The organization that created Worldcoin, Tools for Humanity, doesn’t back down from its detractors. The company’s attempt to register as many people as possible in order to obtain digital tokens via iris scanning raises the most concerns about privacy and regulations. The main objective of Wordcoin The primary objective of Worldcoin Central Operations is to … Read more
An executive working in the region claims that traders headquartered in the Philippines now have to cope with higher trading costs and fewer crypto tokens to pick from as a result of Binance being kicked out of the nation. A three-month countdown to a Binance ban was declared by the Philippines Securities and Exchange Commission … Read more
The Securities and Exchange Commission (SEC) of Thailand seeks to prevent deceptive advertising from luring cryptocurrency investors into the ecosystem. The Thai SEC reminded and cautioned all active cryptocurrency exchanges on April 29 to follow established advertising guidelines and to avoid glamorizing cryptocurrency investments. Deputy Secretary-General Anek Yooyuen issued the warning, stating that the commission … Read more
Russia will impose severe limitations on the widespread use of digital assets like Bitcoin as of September 1. It will only accept digital financial assets issued within its borders. This project is being led by Anatoly Aksakov, the Chairman of the State Duma Committee on the Financial Market. It is a component of a larger … Read more
Binance bases its SEC defense approach on the Mango Markets case.Binance defends itself against the U.S. government by employing a legal tactic from a previous case. Commission on Securities and Exchanges (SEC). In an attempt to support its argument, the cryptocurrency exchange on April 26 cited a government document about the conviction of Avraham Eisenberg, … Read more
On April 25, 2024, Consensys, the company that created the popular MetaMask wallet, took the United States Securities and Exchange Commission (SEC) to court. This case represents a turning point in the ongoing discussion about how to regulate the Ethereum blockchain, the second-biggest platform of its sort in the world. Consensys Takes a Stand and … Read more
The company that created the popular decentralized cryptocurrency exchange Uniswap, Uniswap Labs, was notified by Wells on April 10. The United States Securities and Exchange Commission (SEC) is acting as a prelude to a possible enforcement action against the corporation with this notice. The platform’s investor services and marketing tactics are allegedly at the heart … Read more
According to reports, the U.S. Securities and Exchange Commission (SEC) intends to punish the discredited founder of the Terra ecosystem billions of dollars. As per a recent Bloomberg article, the regulatory body is pursuing Kwon and Terraform Labs, who were found guilty of fraud during a trial earlier this month, opening the door for the … Read more