Regulation

Ohio Senator Introduces Bill to Legalize Bitcoin for Tax Payments

In a potentially monumental development for Bitcoin and the cryptocurrency market, Ohio Senator Niraj Antani has introduced a bill that would legalize the use...

SEC Wins $18M Case Against Defunct Crypto Firm Rivetz Over Unregistered ICO

The U.S. Securities and Exchange Commission (SEC) secured another significant legal victory in the crypto space, winning a judgment against Rivetz Corp and its...

Binance Founder CZ Released After Serving Four Months in U.S. Prison

Changpeng "CZ" Zhao, the founder and former CEO of Binance, was released from a U.S. federal prison on September 27 after serving a four-month...

SEC Approves BNY Mellon’s Expanded Custody of Crypto Assets

The Securities and Exchange Commission (SEC) has granted approval to the Bank of New York Mellon Corp (BNY) to expand its custody of cryptocurrency...

Green United’s Dismissal Bid Rejected in $18M Crypto Mining Fraud Case

Green United LLC has lost its attempt to dismiss an $18 million crypto mining fraud lawsuit filed by the U.S. Securities and Exchange Commission...

Former Alameda CEO Seeks Leniency After Critical Role in FTX Case

Former Alameda Research CEO Caroline Ellison may receive a reduced sentence following praise from U.S. prosecutors for her extensive cooperation in the case against...

House Republicans Press SEC Chair Gensler for Clarity on Crypto Airdrops

U.S. Representatives Tom Emmer and Patrick McHenry are demanding answers from Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the regulatory treatment of...

China Targets Fintech with Stricter Anti-Money Laundering Reforms

Chinese lawmakers are exploring revisions to the country’s anti-money laundering law to address risks associated with emerging financial technologies like cryptocurrencies. According to the...

SBF Appeals Conviction, Alleges Bias in 25-Year Prison Sentence

Former FTX CEO Sam Bankman-Fried (SBF) has officially filed an appeal to overturn his conviction on seven felony counts and his 25-year prison sentence....

Judge Questions Potential Perjury in FTX Exec Ryan Salame’s Guilty Plea

Former FTX Digital Markets co-CEO Ryan Salame appeared in court on September 12, where Judge Lewis Kaplan of the Southern District of New York...

UK Court Recognizes Tether as Property in Landmark Crypto Ruling

In a groundbreaking decision, a United Kingdom High Court has ruled that the stablecoin Tether (USDT) qualifies as property under English law. This marks...

Ex-Alameda CEO Caroline Faces Sentencing After Fraud Testimony

Caroline Ellison, the former CEO of Alameda Research, will face her sentencing hearing on September 24, 2024, following her involvement in the high-profile FTX...