Responding to the lawsuit filed by the SEC against Coinbase, CEO Brian Armstrong has stated that his firm is proud to represent the industry in court in pursuit of clarity surrounding rules for the crypto.
Following the SEC's lawsuit against Coinbase for allegedly operating as an unregistered crypto exchange, the Alabama Securities Commission issued a show cause order to the exchange for violating securities law by offering its staking rewards program.
Summary: “Coinbase has never registered with the SEC” as a securities exchange, the U.S. Securities and Exchange Commission filed in its lawsuit against America’s biggest crypto exchange. The SEC again listed several crypto tokens like SOL and MATIC as securities in the 101-page document filed in New York’s Southern District....
Genesis' request for an extension of its court-appointed mediation process has been granted by bankruptcy Judge Sean Lane. The bankruptcy judge also denied FTX's request to take part in the mediation talks.
A judicial panel has ordered the consolidation of the lawsuits against FTX's investors and celebrity promoters. The panel has ordered the creation of a multi-district litigation before a federal judge in Miami.
Summary: The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange. Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit against Binance. CEO Zhao replied “4” calling the lawsuit FUD and the...
FTX and its affiliated debtors have filed an objection to bankrupt crypto lender Genesis' proposed extension to its ongoing mediation period. FTX also took issue with Genesis estimating its $3.9 billion claim at zero.
U.S. House Republicans have introduced a draft bill in Congress that would provide regulatory clarity for the crypto industry and protect crypto assets from enforcement actions.
Dogecoin investors have accused Elon Musk of insider trading and manipulating the price of DOGE. In an amended complaint, the investors alleged that Musk used Twitter and public appearances to profitablu trade the meme token at their expense.
Summary: European Union lawmakers officially signed the bloc’s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations. The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities. The EU is another step closer to...
Summary: The Central Bank of the United Arab Emirates published rules for businesses and institutions interacting with cryptocurrencies and digital assets. The UAE’s new guidance will oversee anti-money laundering and counter-terrorism financing checks in compliance with the Financial Action Task Force (FATF) international standards. Policymakers from the UAE and Hong...
