In response to Coinbase's mandamus petition, the U.S. Securities and Exchange Commission has indicated that it will continue using enforcement actions as a substitute for rulemaking for the crypto industry.
Recent court filings made by the SEC confirmed that Chicago-based Jump Trading entered a secret deal with Do Kwon and Terraform Labs to prop up TerraUSD a year before its collapse.
Summary: Court documents show that the SEC could slash its $22 million fine against crypto company LBRY for alleged violations, per filing made on Friday, May 12. The watchdog said that LRBY broke U.S. securities laws by offering unregistered LCB tokens. The lawsuit filed in March 2021 which later secured...
The U.S. Internal Revenue Service has teamed up with Chainalysis to provide in-person training to Ukrainian law enforcement agencies. The training will help Ukrainians identify and track crypto sanction evaders in Russia.
The SEC reportedly subpoenaed Marathon Digital Holdings last month in relation with the Bitcoin mining giant’s data center facility based in Hardin, Montana.
Former Coinbase product manager Ishan Wahi has been handed a two year prison sentence for his role in an insider trading scheme involving crypto tokens. Wahi has been ordered to surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey.
Seattle based Bittrex Inc has filed for Chapter 11 bankruptcy in Delaware. The Treasury Department's OFAC is listed as the crypto exchange's largest non-insider creditor.
Summary: Coinbase CEO Brian Armstrong hailed legislators in the United Arab Emirates for developing reasonable guidelines for crypto businesses and policies to protect users. Indeed the UAE was one of the first jurisdictions to establish a dedicated body for crypto oversight and publish a rulebook for the nascent industry. Armstrong’s...
Binance is reportedly facing an investigation by the U.S. Department of Justice over potential violation of sanctions imposed on Russia following the invasion of Ukraine.
The crypto rules proposed by New York AG Letitia James would make independent public audits mandatory for crypto firms and stop crypto asset creators from operating platforms.
