Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]
In a recent development, Terraform Labs, a defunct crypto network, has accused Citadel Securities of intentionally destabilizing its stablecoin, TerraUSD classic (USTC), leading to its downfall in 2022. Terraform Labs has filed a document in a US District Court, requesting Citadel Securities to produce documents related to its trading activities during the time when USTC […]
California Governor Gavin Newsom has approved a cryptocurrency bill that will impose stricter regulations on businesses involved in crypto operations. The bill, known as the ‘Digital Financial Assets Law,’ will require individuals and firms to obtain a license from the Department of Financial Protection and Innovation in order to engage in digital financial asset business […]
Ripple’s Chief Technology Officer (CTO), David Schwartz, has responded strongly to comments made by Charles Hoskinson regarding Ethereum’s alleged preferential treatment by the SEC. Schwartz argued that government favoritism aligned with personal interests is a form of corruption. The controversy surrounding Ethereum’s interactions with the SEC has been fueled by the recent disclosure of “Hinman […]
Coinbase, a leading cryptocurrency exchange, has submitted a formal response to the United States Securities and Exchange Commission (SEC) regarding its rulemaking petition. The company is urging the SEC to provide a timely and public response to its appeal, expressing frustration with the lack of communication and transparency from the financial regulator. Coinbase’s Chief Legal […]
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court ruling in favor of Grayscale Investments. The ruling requires the SEC to review Grayscale’s application for a spot Bitcoin exchange-traded fund (ETF). While Bloomberg analysts believe this decision does not guarantee approval for Grayscale’s application, it does mean […]
Coinbase, a leading cryptocurrency exchange, is intensifying its efforts to compel the United States Securities and Exchange Commission (SEC) to take action on its crypto rulemaking petition. The company is seeking a court order, known as a mandamus, to force the SEC to provide an official response to its petition within 30 days. The SEC […]
Officials in the United States government are reportedly monitoring cryptocurrency mining operations with ties to China. Many Bitcoin data centers in the US are said to be directly linked to the Chinese government, raising concerns about their proximity to military bases and national security. One specific mining operation in Wyoming, located near a Microsoft data […]
The United States Commodity Futures Trading Commission (CFTC) has filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, accusing him of fraud and failure to register the bankrupt crypto lender with the agency. The CFTC alleges that Ehrlich and Voyager Digital deceived customers by falsely promoting the platform as a safe and trustworthy […]
Caroline Ellison, an associate of Alameda and FTX, has reached a plea deal with prosecutors in the Southern District of New York. Under the agreement, Ellison will not be prosecuted further if she fulfills her obligations. The cooperation agreement states that she will not be criminally prosecuted for any crimes, except for criminal tax violations. […]
