Law Financial News

13.12 / 09:15

Law CFTC Court Judge orders CFTC to serve Ooki DAO founders with lawsuit

A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Ooki decentralized autonomous organization (DAO).

13.12 / 01:31

Law regulation Police Coinbase report shows dramatic increase in law enforcement enquiries worldwide

Coinbase has seen information requests from law enforcement surge over the past year, the cryptocurrency exchange reported in its latest transparency report. The vast majority of the enquiries came from the United States and were tied to criminal investigations.

11.12 / 20:03

business Law SEC Bankruptcy SEC crypto Former top SEC crypto regulator hired by Caroline Ellison

A former top crypto regulator in the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, ex-Alameda Research CEO, in an ongoing federal probe, according to a report from Bloomberg on Dec. 10.

11.12 / 08:15

business Law FTX Stanford University Sam Sam Bankman-Fried’s parents no longer on the Stanford Law School roster

The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.

10.12 / 19:17

business Law NFT Digital Asset Yuga Labs, Moonpay faces lawsuit over celebrities NFT promotion

Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs).

10.12 / 01:07

Law regulation FTX Congress Who’s expected to testify before Congressional hearings on FTX?

United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see testifying on the events leading to the downfall of FTX?

09.12 / 16:53

Law regulation services Financial UK pushes crypto efforts forward through financial services reforms

The United Kingdom’s Chancellor of the Exchequer Jeremy Hunt laid out a number of reforms aiming to “drive growth and competitiveness” to the country’s financial services sector including efforts that support the crypto space.

09.12 / 08:39

Law Report Banks Warning Approach with caution: US banking regulator’s crypto warning

A United States banking industry regulator warned banks of the “emerging risks” of cryptocurrencies saying the sector should take a “cautious approach” and seek permission in some cases when engaging with crypto or crypto firms.

08.12 / 21:39

Law regulation Banks Congress lawmakers US lawmakers US lawmakers question federal regulators on banks' ties to crypto firms

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.

08.12 / 16:57

Law Waves Court saga Wemix delisting saga continues at South Korean court

A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.

08.12 / 09:35

Law AML Terrorism Financial US regulator to seek feedback on DeFi's impact on financial crime

A United States financial regulator is looking to gain feedback from the banking industry about how decentralized finance (DeFi) may affect the bureau's efforts to stop financial crime.

07.12 / 13:19

Law regulation Bitcoin lawmakers Department US lawmakers US lawmakers want State Department to justify crypto rewards and disclose payouts

The United States lawmakers have proposed an amendment to the State Department Basic Authorities Act of 1956 that includes information on crypto rewards and payouts.

07.12 / 07:17

Law Congress Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo

The outgoing United States House Representative Madison Cawthorn has been fined over $15,000 by the House Committee on Ethics for his promotion of a cryptocurrency in which he had an undisclosed investment.

07.12 / 05:31

Law regulation Grayscale Bitcoin Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust

Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust.

07.12 / 01:13

Law regulation crimes FTX Fried Sam Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report

Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney.

07.12 / 01:13

Government Law Adoption Cryptocurrency has become a playground for fraudsters

News involving crypto and fraud is ubiquitous in the white-collar crime sphere and, perhaps more worryingly, these fraudulent activities in the crypto sector are not limited to a single type of crime.

07.12 / 00:05

Government Law regulation South America Paraguay's legislature fails to reverse presidential veto on crypto regulation law

The Chamber of Deputies, the lower house of Paraguay's bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President Mario Abdo Benítez.

06.12 / 22:11

Law regulation policies financial stability Financial Financial Stability Board aims to address crypto-related issues following 'failure of FTX'

The international monitoring body Financial Stability Board, or FSB, called for a global framework aimed at regulating and supervising crypto in the wake of FTX’s collapse, also saying it would assess vulnerabilities associated with decentralized finance.

05.12 / 21:57

Government Law National Treasury officials would have done more for national security by leaving Tornado Cash alone

One of the most powerful moments in a new crypto user’s journey happens the first time they send a sizable amount of money to their private wallet. It’s an awe-inspiring, serious moment — and it’s a little scary to experience the power and personal responsibility of the technology firsthand with your own real money.

05.12 / 17:51

Government Law Adoption regulatory Brazilian crypto industry gets regulatory clarity amid global uncertainty

As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike.

05.12 / 11:51

Blockchain Law Adoption Asia Pakistan launches new laws to expedite CBDC launch by 2025

Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house CBDC by 2025.

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