Bloomberg Analyst Gives hope of SEC Lawsuit Dismissal in Coinbases’s Lawsuit

by Александр Пирогов | Jan 22, 2024 | Blog News

Bloomberg senior litigation analyst, Elliott Stein, has expressed confidence in Coinbase’s ongoing lawsuit against the SEC, forecasting a 70% chance of the exchange securing a full dismissal. Stein initially believed Coinbase could object successfully to certain...

CFTC Files Action Against Debiex: Alleged $2.3 Million Crypto Scam

by Александр Пирогов | Jan 22, 2024 | Blog News

The U.S. Commodities Futures Trading Commission (CFTC) has initiated a civil enforcement action against Debiex, accusing the fraudulent crypto exchange of misappropriating $2.3 million in customer funds through romance scam tactics. The CFTC alleges that Debiex used...

Virginia State Senate Proposes Legislation for Digital Asset Regulation and Tax Benefits

by Александр Пирогов | Jan 22, 2024 | Blog News

The Virginia State Senate has introduced Senate Bill No. 339, presenting regulations for digital asset mining and transactions, along with tax incentives. Sponsored by Senator Saddam Azlan Salim, the bill aims to exempt miners from money transmitter licenses and...

U.S. Federal Judge Orders Court Review on Whether Digital Assets are Securities in Binance Case

by Александр Пирогов | Jan 19, 2024 | Blog News

U.S. District Judge Amy Berman Jackson overseeing the SEC case against Binance, Binance.US, and former CEO Changpeng Zhao has ordered a court review on whether digital assets are securities. The judge will hear arguments on how the SEC treats cryptocurrencies under...

U.S. Treasury Official Advocates Proactive Regulatory Measures in Crypto Industry

by Александр Пирогов | Jan 19, 2024 | Blog News

U.S. Treasury Assistant Secretary for Financial Institutions, Graham Steele, has emphasized the need for proactive regulatory standards in the crypto sector. Speaking at an event at George Washington University Law School, Steele highlighted the opportunity for U.S....

South Korea’s Presidential Office Urges Reconsideration of Local Spot Bitcoin ETF Approval

by Александр Пирогов | Jan 19, 2024 | Blog News

South Korea’s Office of the President has urged the financial regulator to reconsider approving a local spot bitcoin exchange-traded fund (ETF), according to Sung Tae-yoon, the chief of staff for policy of the presidential office. The government is exploring...