Regulation

Coinbase has initiated a comprehensive campaign aimed at mobilizing the 52 million Americans who own cryptocurrency. The campaign, known as the Stand with Crypto Alliance, is set to run for 14 months and is structured around three core elements. Mobilizing Crypto Advocates Through Coinbase: The first aspect of the campaign involves using the Coinbase platform […]

The U.S. Securities and Exchange Commission (SEC) is sending a clear message to the cryptocurrency industry: increased regulatory scrutiny is coming. According to a recent report by CoinDesk, David Hirsch has indicated that the agency is actively monitoring several businesses in the crypto space. These businesses include both centralized exchanges like Coinbase and Binance, as […]

Jeremy Allaire, the CEO of Circle, believes that the United States is on the verge of implementing legislation that will regulate stablecoins, providing much-needed clarity for the cryptocurrency industry. During an interview with journalist Laura Shin on episode 543 of the Unchained Podcast, Allaire expressed optimism that the ongoing discussions around stablecoin regulation will ultimately […]

The information in this article is based on a recently released guide — titled “Crypto Travel Rule in United Kingdom by the Financial Conduct Authority (FCA)” — from RegTech startup Notabene. The United Kingdom has proactively engaged with the crypto industry, partnering with experts and regulators to establish an evidence-based regulatory framework. The Financial Conduct […]

On 28 August 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had charged Impact Theory, LLC, a Los Angeles-based media and entertainment company, for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The company had sold nearly $30 million worth of NFTs, promising buyers that the tokens […]

On 28 August 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had charged Impact Theory, LLC, a Los Angeles-based media and entertainment company, for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). Through this offering, the company managed to raise around $30 million from hundreds […]

On 25 August 2023, the U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), unveiled draft regulations aimed at tightening the reporting requirements for digital asset transactions. This move is part of the Biden-Harris Administration’s broader strategy to plug tax compliance loopholes and mitigate the risks of tax evasion in the […]

The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released a set of draft regulations targeting the reporting of digital asset transactions. This initiative is part of a larger agenda by the Biden-Harris Administration to close existing gaps in tax compliance and to address the perceived risks of tax […]

Brooke Masters, the US Financial Editor at Financial Times (FT), recently expressed concerns over the US Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In her FT opinion piece, Masters dived into the historical context of financial regulation in the US, highlighting the SEC’s primary role in safeguarding investors from potential fraud and ensuring […]

The ongoing SEC v. Ripple Labs lawsuit revolves around whether digital asset XRP should be classified as a security. The U.S. Securities and Exchange Commission (SEC) alleges that Ripple Labs and its executives unlawfully sold XRP as an unregistered security. On 13 July 2023, Judge Analisa Torres of the U.S. District Court for the Southern […]

Judge Torres’ Ruling on 13 July 2023 in SEC v. Ripple Case On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities. […]

The Landmark Ruling on 13 July 2023 On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities. The case was presided over […]

Judge Rakoff’s Ruling in SEC v. Terraform Labs Case On 31 July 2023, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York made a significant ruling in the case “SEC v. Terraform Labs Pte. Ltd. and Do Hyeong Kwon” that could have much broader implications for the crypto space. According […]

On 31 July 2023, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York made a significant ruling in the case “SEC v. Terraform Labs Pte. Ltd. and Do Hyeong Kwon” that could have much broader implications for the crypto space. According to an article by The Block, in their defense, Terraform argued […]

Yesterday’s ruling by Judge Jed S. Rakoff in the SEC vs Terraform Labs case has sent shockwaves through the crypto community. The decision, which dismissed the relevance of a previous ruling in the SEC vs. Ripple case, has left many crypto investors and enthusiasts grappling with its potential implications. Amidst this uncertainty, Stuart Alderoty, Ripple’s […]

In the rapidly evolving landscape of cryptocurrency regulation (or as many in the crypto community would argue, “regulation by enforcement”), Judge Analisa Torres’ ruling on 13 July 2023 in the SEC vs. Ripple case has had many crypto investors feeling bullish. However, in a surprising turn of events, a federal judge has dismissed the relevance […]

The recent ruling in the SEC vs. Ripple case has stirred up a whirlwind of interpretations, misinterpretations, and downright confusion. Enter Michael Selig, Counsel at NYC-based law firm Willkie Farr & Gallagher LLP, who’s taken to the Twitterverse to set the record straight. Contrary to what some commentators have been suggesting, Selig explains that Judge […]

In a surprising revelation, Coinbase CEO Brian Armstrong has disclosed that the U.S. Securities and Exchange Commission (SEC) had urged the crypto exchange to halt trading in all cryptocurrencies, except Bitcoin, before initiating legal action against the company. According to a CoinDesk article published earlier today, Armstrong’s disclosure, made in an interview with the Financial […]

A Recap of the Judge Torres’ Landmark Ruling in SEC vs Ripple On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and […]

The Landmark Ruling on 13 July 2023 On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities. The case was […]

Charles Gasparino, a seasoned journalist with a reputation for breaking major stories in finance and politics, recently turned his attention to the world of cryptocurrency. In an article for the New York Post published on 22 July 2023, Gasparino dissected the recent ruling in the SEC vs Ripple Labs case, a decision that he claims […]

Anchorage Digital, a pioneering crypto platform offering comprehensive financial services and infrastructure solutions, is experiencing a remarkable upswing in institutional interest in the crypto sector. As shared in an interview with The Block, Diogo Mónica, the co-founder and president of Anchorage Digital, disclosed that the firm’s assets have swelled by 80% in Q1 2023, despite […]

On July 21, 2023, Michael Novogratz, the founder and CEO of Galaxy Digital, appeared on “Squawk Box” and shared his insights on a range of topics, including the current state of the markets, the rise of artificial intelligence (AI), and the future of Bitcoin during a conversation with con-anchor Joe Kernen. Here’s a comprehensive recap […]

In a blog post published yesterday, FinTech firm Ripple shared its perspective on last week’s court ruling that declared that the XRP token by itself is not a security. To recap, the lawsuit initiated by the SEC in December 2020 alleged that Ripple Labs and its executives Bradley Garlinghouse and Christian A. Larsen unlawfully offered […]

U.S. Congressman Ritchie Torres has penned a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), urging a reassessment of the commission’s approach towards cryptocurrencies. This comes in the wake of a recent court ruling in the SEC’s case against Ripple, which has been seen as a landmark decision in the […]

On 16 July 2023, Marc Fagel, a Lecturer at Stanford Law School and a former Regional Director (San Francisco Regional Office) at the U.S. Securities and Exchange Commission, said that he believes that both sides in the SEC vs. Ripple lawsuit will appeal. To recap, the lawsuit initiated by the SEC in December 2020 alleged […]

In the wake of the recent split-decision ruling in the SEC vs. Ripple case, Kathryn Haun, Founder and CEO of crypto-focused investment firm Haun Ventures, has shared her insights on the matter. Haun — who has over six years of experience as a member of the board of directors of Coinbase and over eleven years […]

John Reed Stark, an expert on digital regulatory compliance with 15 years of experience as an SEC enforcement attorney, recently shared his detailed analysis on the recent partial victory for Ripple in the SEC vs Ripple lawsuit. Stark’s insights, published on LinkedIn on July 14, 2023, provide a comprehensive breakdown of the ruling and its […]

The crypto industry is on the edge of its seat as Coinbase, one of the oldest and most recognized companies in the sector, faces off against the U.S. Securities and Exchange Commission (SEC) in a legal battle that could set a precedent for future regulation. The crux of the dispute revolves around the classification of […]

In the aftermath of the landmark ruling of the SEC lawsuit against Ripple Labs, Ripple’s CEO Brad Garlinghouse addressed the situation in an interview with Bloomberg TV on July 14, 2023. His insights provide a broader perspective on the effects of the ruling and its implications for the entire cryptocurrency industry. To recap, the lawsuit […]

The latest updates on Coinbase’s legal troubles provide an intriguing glimpse into the state of cryptocurrency regulations in the United States. According to a blog post by Coinbase published on 14 July 2023, the U.S. Securities and Exchange Commission (SEC) and state regulatory bodies from ten states have raised allegations against Coinbase, centering around the […]

On 13 July 2023, Hon. Analisa Torres, a district judge at the United States District Court for the Southern District of New York, gave her ruling in the SEC vs Ripple Labs lawsuit, which was initiated in December 2020. The U.S. Securities and Exchange Commission (SEC) had filed a lawsuit against Ripple Labs Inc. and its two senior […]

It’s no secret that Ripple Labs Inc., the company behind the prominent cryptocurrency XRP, is caught up in two legal maelstroms that could define its future. The first case involves the United States Securities and Exchange Commission (SEC), which accuses Ripple of an unlawful sale of XRP tokens, perceived as unregistered securities. The second is […]

Ripple Labs Inc. has lost a round in an ongoing securities lawsuit. A class of investors has successfully secured certification to proceed with their case against the firm. This decision has met with resistance from Ripple, its CEO Bradley Garlinghouse, and its subsidiary XRP II. Despite their objections, the class has fulfilled the essential criteria […]

Bittrex, a major cryptocurrency exchange, has chosen to contest the SEC’s complaint against it. This decision has been applauded by a popular pseudonymous legal expert known as “MetaLawMan” on Twitter. To provide some background, the SEC charged Bittrex and its co-founder and former CEO William Shihara in April 2023 for operating an unregistered national securities […]

Jake Chervinsky, Chief Policy Officer at Blockchain Association, has shared a series of insights expressing concerns about the impartiality of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler in relation to digital asset enforcement decisions. Chervinsky says that these concerns stem from Chair Gensler’s stance that all digital assets, except Bitcoin, are securities. According […]

Ripple, a leader in enterprise blockchain and cryptocurrency solutions, has announced that it has achieved ‘In-Principle Approval’ from the Monetary Authority of Singapore (MAS) for its subsidiary Ripple Markets APAC Pte Ltd. This will enable Ripple to present digital payment token services and products under regulation in Singapore, bolstering its capacity to extend the utilization […]

In a recent video statement, Ripple CEO Brad Garlinghouse took a strong stance against the U.S. Securities and Exchange Commission (SEC), accusing it of spreading confusion and stifling innovation in the crypto space. Garlinghouse’s comments come in the wake of the unsealing of documents related to the now-infamous 2018 speech by former SEC official Bill […]

In a recent interview with Fox Business show “The Claman Countdown,” renowned venture capitalist Tim Draper shared his thoughts on the current state of cryptocurrency regulation and the future of artificial intelligence (AI). Known for his bullish stance on cryptocurrencies, Draper’s insights provide a unique perspective on these rapidly evolving sectors. During the interview, Draper […]

According to a report by Nikhilesh De for CoinDesk published earlier today, when it comes to regulating the crypto space, the US Securities and Exchange Commission (SEC) intends to extend its jurisdiction “as far as the law allows.” While speaking during a panel co-hosted by the Lowenstein Sandler law firm and Rutgers Law School, Gurbir […]

On Tuesday (June 13, 2023), Stuart Alderoty, Ripple’s Chief Legal Officer, offered a comprehensive analysis of the recently unsealed internal emails at the U.S. Securities and Exchange Commission (SEC) related to William Hinman’s 2018 speech on Ethereum. Alderoty’s insights shed light on the behind-the-scenes discussions at the SEC and their implications for the broader crypto […]

On Tuesday (June 13), veteran crypto investor Adam Cochran shared his insights into the implications of the just-unsealed internal emails at the U.S. Securities and Exchange Commission (SEC) related to William Hinman’s famous remarks about Ethereum at the Yahoo Finance All Markets Summit: Crypto in June 2018. Back on 14 June 2018, William Hinman, the […]

On June 12, 2023, eToro US announced significant changes to its cryptocurrency offering for US customers in response to the rapidly evolving regulatory landscape. eToro, a social trading and multi-asset brokerage company, is renowned for its platform that enables users to observe, copy, and execute their own trades. With a diverse global user base, eToro […]

Billionaire investor and Shark Tank star Mark Cuban has voiced concerns over the perceived lack of clarity in the U.S. Securities and Exchange Commission’s (SEC) regulations for cryptocurrency firms. Cuban’s critique, shared via Twitter on June 11, 2023, centers on the absence of a clear registration process for crypto firms in the SEC’s “Framework for […]

Robinhood, a U.S.-based trading platform renowned for its commission-free trading services, has announced its decision to discontinue support for three cryptocurrencies: Cardano (ADA), Polygon (MATIC), and Solana (SOL). This move, set to take effect from June 27, 2023, comes in the wake of the Securities and Exchange Commission (SEC) charging Binance and Coinbase for offering […]

In the wake of the U.S. Securities and Exchange Commission (SEC) recently charging Binance and Coinbase with securities laws violations, Input Output (IOG), the firm behind much of Cardano’s research and development, has issued a statement refuting the SEC’s characterization of Cardano’s native token, ADA, as an unregistered security. On June 5, 2023, the U.S. […]

On Thursday (June 8, 2023), Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), defended the agency’s recent enforcement actions against leading crypto exchanges, Coinbase and Binance. According to a report by CoinDesk, his comments were made during a speech at the Piper Sandler Global Exchange & FinTech Conference. Gensler addressed the […]

In a recent interview with CNBC’s “Squawk Box” co-anchor Andrew Ross Sorkin, U.S. Treasury Secretary Dr. Janet Yellen expressed her evolving views on the cryptocurrency sector and the need for enhanced regulation to protect consumers and investors. During the conversation, Sorkin brought up the topic of cryptocurrencies, a recurring theme in their past interviews, and […]

During an interview on CNBC interview on June 6, 2023, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler expressed his views on the current state of digital currencies and the need for cryptocurrency exchanges to adhere to U.S. securities laws. Gensler emphasized that the world already has digital currencies, such as the U.S. dollar, […]

Binance, the world’s largest cryptocurrency exchange, has seen a massive outflow of funds following charges by the U.S. Securities and Exchange Commission (SEC), according to a report by CNBC published on June 6, 2023. CNBC got this news from crypto research firm Nansen, which apparently says investors withdrew a staggering $791.6 million from Binance within […]

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against popular cryptocurrency exchange Coinbase (NASDAQ: COIN) in a New York court, with charges leveled against the firm, including operating as an unregistered broker and exchange, with the SEC demanding the company cease these actions permanently. According to CNBC, the price of Coinbase’s shares […]

In a blog post published on June 5, 2023, Binance, the world’s largest crypto asset trading platform, expressed disappointment in the U.S. Securities and Exchange Commission’s (SEC) decision to file a complaint against the company and its CEO (“CZ”). The company stated that it had actively cooperated with the SEC’s investigations and had worked diligently […]

The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against Binance Holdings Ltd., its U.S.-based affiliate BAM Trading Services Inc., and their founder, Changpeng Zhao (“CZ”), as reported in an SEC press release issued on June 5, 2023. The charges include operating unregistered exchanges, broker-dealers, and clearing agencies, misrepresenting trading controls and oversight […]

The crypto landscape is about to shift dramatically. The Financial Times (FT) reports that Eun Young Choi, the director of the U.S. Department of Justice’s (DOJ) national cryptocurrency enforcement team, promises intensified scrutiny over illicit activities on digital platforms. According to the FT, the DOJ plans to focus on crypto exchanges and entities that obscure […]

In a pivotal move that could shape the future of crypto regulations in the UK, venture capital titan Andreessen Horowitz (a16z) has proactively engaged with HM Treasury (aka “the Treasury”). Venture capital firm Andreessen Horowitz, also known as a16z, has submitted a comprehensive response to the UK’s Treasury Department (which is the government’s economic and finance ministry) consultation paper on […]

Small in size but big on innovation, Liechtenstein is marking its territory in the blockchain and crypto sphere. An article by Cointelegraph published earlier today reports that Liechtenstein, which is snuggled between Switzerland and Austria, has grabbed the attention of the international and European crypto communities since the industry’s early days. The Cointelegraph report points […]

In a bold move, Coinbase, Inc., which operates the largest cryptocurrency trading platform in the U.S., has taken legal action against the U.S. Securities and Exchange Commission (SEC) to seek regulatory clarity for the crypto industry. Paul Grewal, Coinbase’s Chief Legal Officer, brings a wealth of experience to the table, having previously served as a […]

Amid the absence of clear cryptocurrency regulations in the U.S., Ripple’s Head of Public Policy, Susan Friedman, urges the nation to draw inspiration from the EU and UK’s regulatory approaches. On April 21, 2023, she warned that the absence of such regulations drives activity offshore, ultimately hindering the monitoring of illicit and criminal activities. This, […]

As the quest for regulatory clarity intensifies, Coinbase Co-Founder and CEO Brian Armstrong calls for congressional intervention in the cryptocurrency space. On April 21, 2023, Armstrong took to Twitter to share his concerns regarding the need for transparent cryptocurrency regulations in the United States. Emphasizing the importance of the U.S. not falling behind in adopting […]

Following the European Parliament’s approval of the Markets in Crypto-Assets (MiCA) regulation, Ukrainian authorities have publicly declared their intention to adopt this legislative package within their own country. According to a report by Cointelegraph, Yaroslav Zheleznyak, the Deputy Chairman of the Tax Committee of Ukraine, announced on his Telegram channel on April 20th that they […]