US House committee releases new stablecoin bill draft
The United States House Financial Services Committee has released the third draft of the stablecoin bill presented by its chair,...
Regulation
US court summons Binance CEO Changpeng Zhao
A US court has issued summons for Binance CEO Changpeng Zhao. He has 21 days to respond although he doesn’t...
SEC lawsuits against Binance and Coinbase unify the crypto industry
Update (June 7, 12:05 PM UTC): This article has been updated to add comments from BitMEX CEO Stephan Lutz Professionals...
The SEC strikes again: First Binance, now Coinbase
Key takeaways SEC sues Coinbase for acting as an unregistered broker The United States Securities and Exchange Commission (SEC) has...
Hong Kong’s regulatory lead sets it up to be major crypto hub
Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city...
Pro-XRP attorney’s phone hacked to promote LAW token
Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days.CryptoLaw, an account...
Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?
Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining...
OpenAI gets warning from Japanese regulators on data collecting
Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned...
Italian senator provokes parliament with AI-generated speech
A senator in Italy spoke before members of the Italian parliament with, unbeknownst to parliament members, a speech entirely composed...
Crypto exchange Bybit announces exit from Canadian market
Bybit will not accept new account applications from Canadian residents and nationals as from 31 May. Existing customers have until...
Russia to support crypto exchanges in new framework
Russia appears to have ditched plans for a state-run cryptocurrency exchange, according to a new report. Instead, it is looking...
Tourists are unhappy with crypto payments ban in Bali
The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services, reminding tourists that the Indonesian...
Binance begins transition to new regulated platform in Japan
Binance has said that the transition to the new platform is necessary to comply with Japanese regulations. Transition to the...
fostering responsible gambling for a sustainable ecosystem
GamStop was created in the United Kingdom to help gamblers get free help when they need it. A lot of...
South Korea officials must now disclose Bitcoin holdings
Korean officials are now required to disclose any crypto holdings above $760. The bill outlining the new law was unanimously...
Why are governments going cashless?
When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones...
SEC emails suggested XRP was not security
SEC emails suggest XRP doesn’t satisfy all Howey factors, John Deaton notes. The lawyer says SEC staff noted “reasonable grounds”...
Blockchain technology platform Bakkt looks toward Europe after MiCA
The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt...
Texas proof-of-reserve bill passes through the Senate
Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” has made...
Wells Fargo to pay $1B in shareholders lawsuit settlement
Financial services firm Wells Fargo has reached a settlement in a class-action lawsuit, agreeing to pay shareholders $1 billion. The...
Tax Authority Slated to Become Main Crypto Regulator in Russia
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official...
BlockFi used customer money to buy $30M insurance, creditors claim
Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s...
