Law Financial News

01.05 / 16:05

Government Law Adoption SEC Congress Us Crypto Regulation hearing What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.

01.05 / 10:29

Government Law Adoption regulation Europe European Union Euro Liechtenstein adapts blockchain laws to developing crypto landscape

The blockchain and crypto industry is constantly growing and changing around the world, and the Principality of Liechtenstein is no exception.

30.04 / 02:19

Law regulation lending Circle Banks banking FDIC alleges Cross River engaged in 'unsafe' lending practices

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to "self-correct" and appropriately address weaknesses in its lending activities.

29.04 / 12:41

Law regulation crypto regulation us house services committee Financial US House Financial Services Committee Says Crypto Bill Coming in "Next Two Months" – Here's What You Need to Know

The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months.

28.04 / 20:09

Law regulation IRS Research Taxes Framework Tax law researchers propose IRS framework for deducting crypto losses

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains.

28.04 / 06:17

business Law regulation SEC Department Of Justice Court Prison Ex-CFO that stole $5M to trade crypto and ‘meme stocks' gets 3 years prison

The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks."

27.04 / 13:21

Government Law Adoption regulation us government Utah DAO Act: How the law was made and what it means for decentralized business

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.

26.04 / 21:35

Government Law privacy us government Congress Senate 2024 Elizabeth Warren wants the police at your door in 2024

In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. No crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.

26.04 / 20:45

Government Law Stablecoin regulation Trading regulatory South Korea’s sweeping crypto bill passes first regulatory hurdles

South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.

26.04 / 02:53

business Law Adoption coinbase Apple Court Apple's outside payments ban upheld as unlawful in likely win for NFTs and crypto

A California court ruled Apple violated state competition laws by barring app developers from using alternative in-app payment methods apart from its own that included a 30% commission.

25.04 / 14:17

business Law regulation Court Digital Currency Group Bankruptcy settlement Genesis settlement disrupted by new creditor demands, DCG says

Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process.

25.04 / 06:17

business Law Altcoin Tokens ERC-20 5 charged by DOJ over alleged crypto price manipulation scheme

A freshly unsealed indictment has charged five individuals with “conspiring to manipulate the market” in relation to an alleged scheme involving the ERC-20 Hydro (HYDRO) token.

25.04 / 01:05

Law regulation FTX Court bail Judge approves taps on SBF’s parents’ phones to meet bail conditions

Surveillance software has been successfully implemented on Sam Bankman-Fried’s parents’ cell phones to ensure he does not breach the conditions of his bail, with a Judge approving of the measure.

23.04 / 01:59

Law regulation FTX Court iphone Lawyers bail SBF’s lawyers unable to tap his parent’s phones to meet bail conditions

Sam Bankman-Fried’s legal team have requested a third extension on the enforcement of his revised bail conditions, citing difficulties in installing monitoring software on his parents cell phones to capture a photo of the user “every five minutes.”

22.04 / 06:41

Law NFT Polkadot Gaming Metaverse Tezos Drop Nifty News: Yuga Labs scores court battle win, Mandala Metaverse to drop on Polkadot and more…

Bored Ape Yacht Club (BAYC) creators Yuga Labs has scored a key win in its long-running court battle with Ryder Ripps, the co-creator of copycat NFT project RR/BAYC.

20.04 / 22:23

Law regulation Social Media Court YouTube 'BitBoy Crypto' intentionally misses court appearance to address alleged harassment

Ben Armstrong, also known as ‘BitBoy Crypto’, missed a court appearance ordered by a federal magistrate judge in response to the YouTuber’s alleged harassment of counsel in a lawsuit involving several crypto influencers.

20.04 / 13:59

Law Adoption Europe European Union What’s next for EU’s crypto industry as European Parliament passes MiCA?

On April 20, the European Parliament voted to pass the Markets in Crypto-Assets (MiCA) regulation, the European Union’s main legislative proposal to oversee the crypto industry in its member countries.

20.04 / 10:39

Law regulation Bitcoin Founder of collapsed crypto exchange Thodex detained in Turkey

The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading.

20.04 / 10:39

business Technology Law regulation copyrights NOT Midjourney, other AI devs strike back in court, claiming their material is not similar to artists

Midjourney, Stability AI and DeviantArt issued a response on April 18 to a group of artists who accused them of extensive copyright infringement. The artists claimed that these companies had used their work in generative artificial intelligence (AI) systems without proper authorization.

20.04 / 04:11

Law regulation FTX Silvergate Bankruptcy Signature Bank lawsuits Multiple Silvergate lawsuits over alleged FTX ties combined by judge

A California judge has combined three investor lawsuits against defunct crypto bank Silvergate Bank involving the bankrupt crypto exchange FTX.

19.04 / 20:27

Law Stablecoin regulation Congress stablecoin regulation Lack of stablecoin regulation could push issuers out of US: Austin Campbell

United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.

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