Prosecutors on Tuesday asked a California federal judge to jail without bail a recent fugitive accused of a brazen $35 million fraud that involved him falsely telling investors he was a billionaire, a...
Tag: laws
Despite call for Congress to act, new crypto laws look unlikely this year
Cryptocurrency advocates and regulators can agree on one thing: Congress should pass new laws for crypto. Whether Congress can agree on what those laws look like remains uncertain. The Financial Stab...
SEC Chair Leading Wrong Narrative Over Crypto Laws?
The U.S. Securities and Exchange Commission (SEC) has filed several lawsuits against different firms and individuals for breaching securities laws. However, Gary Gensler, SEC chair has given out assor...
Strict Crypto Laws; White House Pushes Congress To Speed Up
Joe Biden, US President’s administration has issued an advisory for Congress to proceed with the crypto currency regulations. The big move has come amid the increasing need for clear digital assets la...
U.S. Treasury challenges Congress to pass crypto regulation laws to minimize risks
As the United States engages in debate to regulate cryptocurrencies, Congress has emerged as a critical player in rolling out the necessary laws. Notably, several crypto regulation-related bills have ...
Kim Kardashian Faces a 1.2 Million Dollar Fine for Breaching SEC Laws on Crypto Touting – crypto.news
The Security and Exchange Commission announced a financial penalty for the public figure Kim Kardashian for Cryptocurrency Touting allegations. The public figure has been accused of touting a cryptocu...
TFL Defends Do Kwon, Says Terra Founder Did Not Violate Korean Laws As Luna Classic (LUNC) Wasn’t A Security
– Advertisement – TFL backs Kwon amid his ongoing legal troubles with Korean prosecutors. TerraForm Labs (TFL), the company behind the Terra cryptocurrency project, has responded to Sout...
Supreme Court to allow public at hearings, first time since Covid
A crosswalk signal is seen outside the U.S. Supreme Court building in Washington, U.S., June 27, 2022. Elizabeth Frantz | Reuters The Supreme Court starting Monday will allow members of the public to ...
Japan to tighten laws to prevent money laundering via crypto by May 2023
The government of Japan is looking to introduce cryptocurrency transfer rules in May 2023 to track money transfers by criminals, according to a Nikkei Asia report on Sept. 27. The government will amen...
Multiple State Financial Regulators Allege Crypto Loan Platform Nexo Violates Securities Laws
Cryptocurrency lender Nexo is facing regulatory actions in eight US states for allegedly offering an investment product that violates securities laws. State regulators in California, New York, Washing...
Japan set to introduce anti-money laundering laws targeting crypto exchanges
Japan is ramping up its initiatives to regulate the use of cryptocurrency in aiding criminal activities through exchanges by revising some of the existing financial sector laws. In particular, Japane...
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, o...
U.S. Tax Law’s Retrograde Treatment Of R&D Is A Threat To National Security
In February of 2020, long before he was chosen to be the next National Security Advisor by president-elect Joe Biden, Jake Sullivan co-authored an essay in Foreign Policy about the nexus between econo...
Singapore Wants to Introduce New Laws Restricting Retail Crypto Trades
Singapore says it’s considering introducing new laws that will make it much harder for crypto retail investors to trade digital assets during this time. The nation’s regulators say they are truly conc...
AI Ethics And The Looming Debacle When That New York City Law Requiring Audits For AI Biases Kicks Into Gear
Worries about a new law in NYC that is well-intended to catch AI biases but will have lots of … [+] inadvertent adverse consequences due to loopholes and other complications. getty Sometimes the...
Former CFTC chair rules out the need to enact new laws in regulating stablecoins
The ongoing United States cryptocurrency sector regulation debate has significantly narrowed down to managing stablecoins, especially after the infamous Terra (LUNA) ecosystem collapse. Although the g...
Trump foe New York Attorney General Letitia James announces lawsuit
[The stream has ended. Read CNBC’s full coverage of James’ lawsuit here.] New York Attorney General Letitia James, who has been conducting a civil investigation of former President Donald ...
Big businesses trumpet ESG credentials. Scrutiny is on the rise
As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people’s minds. The corporate world is no excep...
SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws
“Even if the SEC were to engage in a belated, post-discovery transaction-by-transaction analysis to identify XRP offers and sales with contracts, its claim would still fail as a matter of law. N...
The Merge might have Triggered the SEC to Create New Laws for it
Join Our Telegram channel to stay up to date on breaking news coverage The switch to proof-of-stake for Ethereum could have put the virtual currency back within the sights of the Securities and Exchan...
Ether staking could trigger securities laws — Gensler
Ethereum’s upgrade to proof-of-stake (PoS) may have placed the cryptocurrency back in the crosshairs of the Securities and Exchange Commission (SEC). Speaking to reporters after the Senate Banking Com...
Ethereum PoS Migration Could Trigger U.S. Securities Laws
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), said after a congressional hearing on Thursday that cryptocurrencies and exchanges that offer a staking featur...
DeSantis Tactic Of Sending Migrants To Martha’s Vineyard Likely Didn’t Violate Smuggling Laws, Experts Say
Topline Florida Gov. Ron DeSantis (R) took credit Wednesday for transporting undocumented migrants who arrived to the U.S. from Venezuela to Martha’s Vineyard, Massachusetts—a move that some speculate...
Coinbase To Add Political Feature In Its App To Educate Users On Crypto Laws
Since regulatory bodies around the globe are attempting to supervise the use of cryptocurrencies, officials are rigid in designing suitable policies for the nascent technology. And the ever-changing g...
SEC’s Gensler Holds Firm That Existing Laws Make Sense for Crypto
Satoshi Nakamoto writes the white paper Halloween night in 2008 – a number of years later, people start to invest in it, they’re buying and selling it. Some years later, we start to see other co...