Keith E. Cassidy Named Interim Acting Director of SEC’s Division of Examinations

by Theresa Joy Lacatan | Jul 25, 2024 | Blog News, Crypto News

The Securities and Exchange Commission, on 22 July 2024, announced that Richard Best, the Director of the Division of Examinations, will take leave from the agency to focus on his health, effective immediately. In response to this, Keith E. Cassidy, the Division’s...

Marathon Digital Ordered to Pay $138 Million for Breach of Contract, Reflecting Challenges in Upholding Ethical Standards in Crypto Industry

by Theresa Joy Lacatan | Jul 25, 2024 | Blog News, Crypto News

According to a judgment dated July 19, 2024, a federal court jury in Los Angeles has awarded Michael Ho $138 million after finding Marathon Digital Holdings Inc., the largest Bitcoin mining company by market capitalization, guilty of breaching a...

Ethereum Exchange-Traded Funds Set to Launch Amid Market Optimism and Speculation

by Theresa Joy Lacatan | Jul 24, 2024 | Blog News, Crypto News

The much-anticipated launch of Ethereum exchange-traded funds (ETFs) in the United States will take place tomorrow, following the Securities and Exchange Commission’s (SEC) final approval for trading on July 22, 2024. This event marks the introduction of...

Japanese Crypto Industry Urges Government for Immediate Tax Reforms

by Theresa Joy Lacatan | Jul 23, 2024 | Blog News, Crypto News

On July 19, 2024, the Japan Blockchain Association (JBA), an influential body representing leading Japanese crypto exchanges and blockchain companies, formally petitioned the government to implement significant tax reforms related to cryptocurrencies. The JBA aims for...

SEC Launches Interagency Securities Council to Bolster Enforcement Coordination Across Federal, State, and Local Agencies

by Theresa Joy Lacatan | Jul 22, 2024 | Blog News, Crypto News

The Securities and Exchange Commission (SEC) announced on July 19, 2024, the launch of the Interagency Securities Council (ISC) to enhance collaboration and enforcement efforts among federal, state, and local regulatory and law enforcement agencies. The ISC, which...

MAS Addresses Global IT Outage, Ensures Smooth Financial Operations

by Theresa Joy Lacatan | Jul 22, 2024 | Blog News, Crypto News

The Monetary Authority of Singapore (MAS) today, 19 July 2024, acknowledged a global outage impacting IT systems of various organizations worldwide, including those in Singapore. Despite this disruption, the Singapore Dollar (SGD) money market and foreign exchange...