DeFi Lawsuit Challenges US Tax Authority
@BlockchainAssn and others sue IRS over 2027 DeFi data rule, fearing tech exodus and privacy threats. • #Breaking • @BlockchainAssn • (-6) • ↘
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
CFTC Chairman Announces January Departure
Rostin Behnam will step down as CFTC Chairman on January 20, 2025, coinciding with Gary Gensler’s SEC exit, impacting crypto regulation. • #Breaking • @CFTC • (-3) • ↘
Ripple Partners Chainlink for DeFi Growth
@Ripple partners with @Chainlink to integrate its oracle network, enhancing RLUSD’s DeFi utility by providing reliable price feeds essential for institutional adoption. This move aims to boost RLUSD’s competitive edge in the growing DeFi sector. • #Update • #Crypto • @Ripple • (+6) • ↗
Gemini Settles CFTC Dispute 5M
@GeminiTrustCo settles with CFTC for $5M over claims of misleading information on Bitcoin futures contract proposal, avoiding trial set for Jan 2025. This marks a significant regulatory action under Biden as Trump prepares for second term. • #Breaking • #Legal • @GeminiTrustCo • (+8) • ↗
Gemini Settles CFTC Lawsuit for $5M
@Gemini will pay a $5M civil penalty to settle a CFTC lawsuit alleging misleading statements about Bitcoin futures approval, avoiding a trial. The CFTC accused Gemini of false claims regarding manipulation risks. • #Breaking • #Legal • @Gemini • (+8) • ↗
Ripple Lawsuit: Gensler’s Last-Minute Brief
@Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) sees outgoing Chair Gary Gensler preparing a last-minute filing before pro-crypto Paul Atkins takes over, potentially impacting the XRP lawsuit outcome. • #Update • #Legal • $XRP • (+5) • ↗
XRP Lawsuit: Attorney Predicts Ripple Timeline
@Ripple’s ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) may conclude by May, as pro-crypto Paul Atkins is set to replace Gary Gensler as SEC Chair under the Trump administration. $XRP price is $2.45, up 1%. • #Update • #Legal • $XRP • (+4) • →
Do Kwon Pleads Not Guilty Fraud
Do Kwon, founder of @terra_money, pleads not guilty to fraud after U.S. extradition; faces charges over $40B collapse of $LUNA and terraUSD. Detained until Jan. 8 court date. • #Breaking • #Legal • @terra_money • (+9) • ↗
Binance Secures 21st Regulatory Approval
@Binance secures its 21st regulatory approval with Brazil’s Central Bank, acquiring Sim;paul to expand in Latin America’s crypto market • #Breaking • #Legal • @Binance • (+8)
Crypto Fraud: California Man Sues Banks
California resident Ken Liem sues three Asian banks for allegedly failing to prevent a $1M “pig butchering” crypto-fraud scam, highlighting potential lapses in anti-fraud measures. • #Breaking • #Legal • @Cointelegraph • (+8)
Tron Freezes $100M USDT in Fraud
@Tronfoundation’s T3 unit froze $100M in $USDT linked to crime since September, targeting money laundering, scams, and North Korea ties. • #Breaking • #Crypto • @Tronfoundation • (+8)
Crypto Regulation Europe MiCA Launches
The Markets in Crypto-Assets Regulation (MiCA) is now live across the European Union, marking a milestone for digital asset oversight with new rules for stablecoins and crypto services. • #Update • #Legal • @paddi_hansen • (+6)
Ripple Warns SEC on 2025 Mistakes
Ripple’s legal chief Stuart Alderoty warns SEC on crypto regulation overreach for 2025 • #Update • #Legal • @Ripple • +2
Crypto Boom Singapore’s Regulatory Revolution
Singapore’s crypto-friendly regulations and doubling of licenses in 2024 position it as a growing hub for blockchain innovation • #Update • #Legal • @Cointelegraph • +5