Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — sh...
Tag: Decoded
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. American lawmakers and regulators continue to compete in thei...
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of ...
The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20
New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar...
Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6
While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets. The U.K. outline of the future financial services regulatory regime for ...
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthi...
Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23
The good news of the last week is that Bitcoin (BTC) has continued to rebound, making around 10% up from Jan. 16 to Jan. 23. But the worrying trend of crypto companies making headlines due to their tr...
SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9
Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur fac...
New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2
Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. Although having been granted the op...
SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26
Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SB...
SBF misses the Senate hearing but promises to testify to the House: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. So, Sam Bankman-Fried, public enemy number one, won’t appear in front of Senators on Dec. 14, as he...
Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. There was some substantial good news for crypto last week, but the prevailing storyline is still th...
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the mo...
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to ...
Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7
Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections. The United States will go to the voting booths on Nov. 8 to...
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made...
A new definition of crypto comes from the IRS — Law Decoded, Oct. 17–24
No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it of...
The crypto industry fights regulators in the courts: Law Decoded, Oct. 10–17
Perhaps one of the most captivating signs of the industry’s maturity is the increasing amount of court cases in which crypto companies fight back against perceived regulatory abuses. Last week saw som...
It’s legislation season in the EU: Law Decoded, Oct. 3–10
In one week, the EU institutions voted in favor of a crypto-friendly resolution and promoted MiCA to the next stage. Last week, the European Union appeared to be rather busy with making decisions that...
White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19
By the end of last week, the federal agencies presented the results of their six-month-long work on the principal directions for digital assets regulation in the United States. The resulting first-eve...
Law Decoded, Sept. 5–12: The pressure is growing in the US
Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto. While last week brought no troubles from the market side ...
Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22–29
Australia’s financial regulator, the Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The ...
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
Last week, the United States Federal Reserve Board turned its eye to banks and crypto, making (or promising to make) several clarifications, one of them pretty long-awaited. It announced that the fina...
Two more lawsuits for Coinbase: Law decoded, Aug. 1–8
The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud consp...
Law Decoded, July 25-August 1
Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report f...
The lasting agony of 3AC: Law Decoded, July 18-25
The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab...
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending p...
MiCa, AMLA and EU’s 'wild west' problem: Law Decoded, June 27-July 4
The Markets in Crypto-Assets passed the Tripartite negotiations, while the European Union anticipates a new body for AML regulation. According to the European parliament member and rapporteur for the ...
Polkadot’s Creators Share Details of Its Largest Annual Conference, Decoded
Vladislav Sopov Decoded, global conference for Polkadot (DOT) enthusiasts, kicks off on June 29 in four cities Contents Web3 Foundation and Parity to hold in-person Decoded events in four cities Exclu...
Polkadot Decoded Summit Coming to Four Global Cities
Polkadot Decoded, the annual conference for the global Polkadot community, will happen on June 29th and 30th in four global cities. The global Polkadot community is excited about the event, and it pro...
Polkadot Decoded 2022 Comes To Buenos Aires And Four Other Locations Worldwide
The upcoming Polkadot Decoded event continues to shape up nicely. Following strong interest from the South American community, the event will now come to Buenos Aires as its fifth location. Global int...