Government policy, laws and regulation shaping digital assets and the future of money.
The cryptocurrency community is eagerly awaiting the resolution of the prolonged legal dispute between Ripple and the United States Securities and Exchange Commission (SEC). Recently, the SEC filed its remedies reply brief and supporting exhibits, releasing a public, redacted version after initially filing them under seal. This update was shared by defense attorney and former … Read more
Canada’s financial regulator, FINTRAC, has fined Binance, the world’s largest cryptocurrency exchange, a hefty sum of 6 million Canadian dollars, approximately $4.4 million USD. This penalty stems from Binance’s failure to adhere to regulations concerning money laundering and terrorist financing. FINTRAC identified various breaches, including Binance’s failure to register as a foreign money-services business and … Read more
The US House of Representatives has passed a resolution aimed at overturning the Securities and Exchange Commission (SEC)’s 2022 bulletin concerning crypto custodian accounting. US President Joe Biden has issued a statement expressing his opposition to the resolution and suggesting a potential veto if the bill clears the Senate. Republicans and Democrats Unite Against the … Read more
The United Kingdom is poised to enact significant regulations concerning cryptocurrency staking and stablecoins as part of its ambitious agenda to establish itself as a prominent global cryptocurrency hub. Spearheaded by Bim Afolami, the Economic Secretary, these regulations were underscored as crucial during the Financial Times Crypto and Digital Asset Summit. Afolami expresses confidence in … Read more
The legal dispute between Ripple and the SEC is reaching a pivotal moment, with both parties making their concluding arguments. Initiated in 2020, the SEC is seeking a substantial $2 billion fine from Ripple, whereas Ripple is proposing a significantly reduced penalty of no more than $10 million. Ripple cites lower fines imposed in similar … Read more
Democratic lawmakers have proposed the US Blockchain Integrity Act to tighten regulations on cryptocurrency, specifically targeting cryptocurrency mixers often used for illegal financial activities. Led by Sean Casten and supported by fellow Democrats, the bill seeks to impose a two-year ban on cryptocurrency mixers. Cryptocurrency mixers are pools that allow users to generate new addresses … Read more
Three notable American sports figures have agreed to collectively pay $2.42 million to resolve allegations related to their involvement in promoting the failed cryptocurrency exchange Voyager Digital. According to a class action settlement filed on May 3, retired NFL star Rob “Gronk” Gronkowski will contribute the largest share, amounting to $1.9 million. NBA player Victor … Read more
The Securities and Exchange Commission (SEC) has submitted its final brief in the ongoing legal dispute with Ripple Labs, accompanied by supporting exhibits. This filing represents a crucial moment in the litigation as it precedes Judge Torres’ impending ruling on remedies. Bill Morgan, a prominent pro-XRP lawyer, offered a detailed analysis of the SEC’s final … Read more
QCP Capital won FSRA in-principle approval in Abu Dhabi’s ADGM, the first Singapore crypto market maker to do so. What it secured, its $60B scale, and the 2026 context.
Nigeria is gearing up to implement new regulations aimed at prohibiting peer-to-peer (P2P) cryptocurrency exchange involving the national currency, the Nigerian naira. The Securities and Exchange Commission (SEC) of Nigeria is on the verge of introducing a fresh regulatory framework for crypto exchanges, custodians, and other entities within the industry, as reported by Bloomberg on … Read more