Regulation

Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new objections to a previous motion to seal their identities.  Bloomberg, Dow Jones, The New York Times and The Financial Times first filed a motion objecting to FTX and the Official Committee of Unsecured Creditors

The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago. On May 3 the Securities and Exchange Commission (SEC) published amendments to Form PF — a form

The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters. According to prosecutors, Nathaniel Chastain, a former Product Manager at OpenSea, was in charge of choosing which NFTs would

Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the Secretary of the Commonwealth for Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors. Under Secretary of the Commonwealth for Massachusetts William Galvin, the state securities division filed a complaint against

The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes. According to a translation of the amendment provided by Bing, the new wording would allow companies that are registered with France’s Autorité des Marchés Financiers (AMF) to

Securities token platform INX has launched a wallet with compliance features for institutions, according to a May 3 announcement. The new wallet was created in partnership with wallet infrastructure provider BitGo and uses multi-party computation (MPC) technology. Exciting announcement! INX now collaborates with @BitGo to enable institutional #investors to fully and confidently participate in the

Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets. In a May 2 announcement, Democratic Representatives Alexandria Ocasio-Cortez (AOC) and Raja

Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.  In the United States, the blockchain and cryptocurrency sector has jousted with regulators over the need to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, and even over adherence to economic

Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces petitions from the Writers Guild of America (WGA). WGA recently sent out a list of demands which included the regulation of AI usage on the minimum basic agreement (MBA) covered projects. It stated

Amid regulatory struggles in the United States, crypto exchange Coinbase has decided to expand its business abroad with a global platform. Following the news, crypto community members expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future.  On May 2, the exchange announced the launch of

Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement. According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of Ukraine “conducted coordinated, court-authorized activity” that resulted in the shutdown and seizure

The United Kingdom is set to ban cold calls that sell financial products, including insurance and cryptocurrencies, in an attempt to crack down on fraud. It is estimated that fraud costs the country approximately £7 billion ($8.7 billion) annually.  The U.K. government reportedly announced its new fraud strategy, pledging 400 new jobs to update its approach

A cryptocurrency YouTuber has been served a lawsuit through a tweet after a United States court allowed the action as lawyers claimed they couldn’t serve him through other means. A May 2 order from a Florida District Court Judge granted The Moskowitz Law Firm permission to serve legal notice to crypto YouTuber Tom Nash via

The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter. March saw five firms — Sullivan & Cromwell, Alvarez & Marshal, AlixPartners, Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb — bill FTX a combined $36.4

Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.” The central point of dispute is focused on a decision made by the crypto lender in June 2021, when Celsius Network Limited (CNL)

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference. Georgieva explained the IMF

United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the Economic Report of the President that expressed “a hostile view towards the digital asset ecosystem.”  The report, presented to Congress is March,

The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX.  According to Hayes, due to the huge amount of public debt accumulated by the world’s largest economies, governments will have no choice but “inflating it

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said

The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators. However, from the second week onward, the number of ETH staked was higher