Regulation

Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions

SEC Chairman Gensler warns that FTX-like commingling is common in crypto exchanges, highlighting the industry's regulatory challenges.

2 years ago · By DIEGO ALMADA LOPEZ

Crypto trading addiction has become a public health concern in the UK: NHS

Rising crypto trading addiction in the UK highlights the urgent need for regulatory intervention and increased public health resources.

2 years ago · By VINCE DIOQUINO

Terraform Labs settles SEC lawsuit for $4.47 billion

Terraform Labs agrees to a $4.47 billion SEC settlement after a jury verdict on its 2022 collapse that affected investors.

2 years ago · By GINO MATOS

Crypto execs court UK Labour Party as election looms

As the UK heads into a snap election, the crypto industry is focusing its lobbying efforts on the Labour Party, which holds a significant lead in polls and could shape the future of digital asset regulation in the country.

2 years ago · By VINCE DIOQUINO

Latest

EU report claims Bitcoin Lightning Network and other layer 2 solutions are open to criminal abuse

Jun. 11, 2024

EU report claims Bitcoin Lightning Network and other layer 2 solutions are open to criminal abuse

An EU report raises concerns about Bitcoin's Lightning Network and privacy coins complicating law enforcement efforts in tracing illicit crypto transactions.

By VINCE DIOQUINO

South Korea issues guidelines for classifying NFTs as virtual assets

Jun. 10, 2024

South Korea issues guidelines for classifying NFTs as virtual assets

South Korea's Financial Services Commission has issued guidelines detailing when NFTs should be considered virtual assets. The guidelines focus on mass-produced, divisible, and payment-focused NFTs.

By VINCE DIOQUINO

SEC ‘exceeded’ authority on fee disclosures, US appeals court rules

Jun. 6, 2024

SEC ‘exceeded’ authority on fee disclosures, US appeals court rules

A US appeals court has overturned an SEC rule mandating hedge funds and private equity firms to increase transparency on fees and expenses, stating the regulator exceeded its authority.

By VINCE DIOQUINO

Upcoming House budget bill could restrict SEC’s funding for SAB 121

Jun. 5, 2024

Upcoming House budget bill could restrict SEC’s funding for SAB 121

The House Appropriation budget may prevent the SEC from enforcing SAB 121, with a policy rider blocking fund use for the rule.

By VIVIAN NGUYEN

SEC to shut down Salt Lake Regional Office following DEBT Box sanctions fiasco

Jun. 4, 2024

SEC to shut down Salt Lake Regional Office following DEBT Box sanctions fiasco

The SEC's Salt Lake office is set to close after a judge's order the agency to pay $1.8 million due to a lawsuit against DEBT Box.

By VIVIAN NGUYEN

Thai SEC approves its first Bitcoin ETF with limited access to institutional investors

Jun. 4, 2024

Thai SEC approves its first Bitcoin ETF with limited access to institutional investors

Thailand's SEC approves ONEAM's Bitcoin ETF, aimed at institutional investors, enhancing portfolio diversification with a high-return asset.

By VINCE DIOQUINO

Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers

May. 31, 2024

Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers

President Biden vetoes bipartisan resolution to overturn SEC's controversial crypto accounting guidance, emphasizing the need for consumer and investor protection in the digital asset market.

By VINCE DIOQUINO

Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto

May. 31, 2024

Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto

Patrick McHenry and Cynthia Lummis led lawmakers urging Biden to reconsider vetoing bipartisan CRA overturning SEC Staff Accounting Bulletin 121.

By GINO MATOS

Europol shuts down malware dropper ring linked to at least $75M in stolen crypto

May. 31, 2024

Europol shuts down malware dropper ring linked to at least $75M in stolen crypto

The Europol's Operation Endgame has taken down major malware droppers including IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee, and Trickbot. Investigations revealed that one of the perpetrators behind the exploits was able to siphon off roughly $75 million in crypto.

By VINCE DIOQUINO

Franklin Templeton CEO warns US risks losing crypto leadership to other nations

May. 30, 2024

Franklin Templeton CEO warns US risks losing crypto leadership to other nations

Franklin Templeton's CEO Jenny Johnson warns of the US losing crypto leadership due to restrictive regulations, praises proactive nations.

By DIEGO ALMADA LOPEZ