US Senator Cynthia Lummis has criticized the United States Securities and Exchange Commission (SEC) for its regulatory approach towards Kraken, a San Francisco-based cryptocurrency exchange. The SEC recently filed a lawsuit against Kraken, accusing the exchange of operating an unregistered trading platform for cryptocurrency assets. The lawsuit alleges that Kraken mixed client assets with its […]
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, designating Cardano (ADA) and Solana (SOL) as securities. This move aligns with the SEC’s ongoing legal battles with other major crypto exchanges. Kraken’s CEO, Dave Ripley, has challenged the SEC’s allegations, emphasizing the need for clear regulatory frameworks in the […]
BlockFi, a cryptocurrency lending company, has resumed allowing eligible clients in the United States to withdraw their digital assets. This comes after a court directive and is a significant development in the ongoing bankruptcy proceedings. However, the resumption of withdrawals only applies to US-based holders of BlockFi Wallets who meet specific conditions outlined in the […]
The Blockchain Association is once again supporting six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae brief, the blockchain advocacy group argued that OFAC’s decision to sanction the privacy-centric cryptocurrency mixer not only raised legal questions but also […]
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development has caused significant disruption within the crypto space, particularly in light of the recent Binance-DoJ situation.Kraken, based in San Francisco, has strongly defended its operations, arguing […]
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The SEC claims that Kraken failed to meet the registration requirements for being a securities exchange, broker, dealer, and clearing agency. The lawsuit argues that many […]
The Blockchain Association has expressed its support for six plaintiffs who are suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on Tornado Cash, a cryptocurrency mixer. In a recent amicus curiae brief, the crypto advocacy group argued that OFAC’s decision to sanction the privacy protocol was not only unlawful […]
Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could exceed $4 billion, making it one of the largest penalties in the history of the cryptocurrency industry. The allegations against Binance include money laundering, bank […]
Canada’s Office of the Superintendent of Financial Institutions (OSFI) has initiated a consultation period regarding the disclosure requirements for crypto-assets in federally regulated financial institutions. This consultation was anticipated in the 2023 federal budget and is closely linked to a similar inquiry by the Bank for International Settlements (BIS). The Canadian government aims to establish […]
Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework called “The Three Freedoms of Crypto.” Ramaswamy promises to focus on prosecuting bad actors rather than the code they use or the developers who write that code. He also pledges to provide regulatory clarity and exemptions from securities laws for new cryptocurrencies. Additionally, Ramaswamy […]
