Crypto Regulation: Chalmers Balances Innovation
Australian Treasurer Jim Chalmers advocates for balanced crypto regulation to modernize finance, amid skepticism from RBA Governor and Trump re-election impact. #Update #Crypto @RBA ↗ +3
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Ripple Guidelines: Stuart Alderoty Challenges SEC
Ripple’s Chief Legal Officer Stuart Alderoty urged the US Securities and Exchange Commission (SEC) to focus on regulating securities transactions, not asset sales without contractual rights, calling for collaboration with Congress to clarify crypto regulations. #Update #Legal @Ripple ↗ +5
XRP Surges: Ripple SEC Battle Intensifies
@Ripple’s $XRP hits a 7-year high, reaching $2.82, amid ongoing SEC litigation and ETF optimism, while launching RLUSD stablecoin and seeing record activity on the XRP Ledger in the meme coin craze. #Update #Crypto @Ripple ↗ (+4)
Crypto Lawsuit Challenges IRS Regulations
@BlockchainAssn, @DefiEducation, and @TXBlockchainCouncil file lawsuit against Treasury and IRS over new crypto ‘broker’ rules, claiming unconstitutional regulatory overreach. #Breaking #Legal @BlockchainAssn ↗ +8
Crypto Regulation: Cambodia Requires Licensing
The National Bank of Cambodia (NBC) mandates licensing for crypto transactions, impacting fund mobilization, trading, and settlements; non-compliance risks penalties (Dec. 26). #Breaking #Legal @NBC ↗ (+7)
Solana Co-Founder Faces Fraud Lawsuit
Stephen Akridge, co-founder of @Solana, is sued by ex-wife Elisa Rossi for allegedly misappropriating millions in $SOL profits by exploiting crypto knowledge to collect her staking rewards; lawsuit filed in San Francisco Superior Court. #Breaking #Legal @Solana ↘ (-7)
Crypto Mining Banned in 10 Russian Regions
The Russian government imposed a six-year ban on crypto mining in 10 regions, including Dagestan and Chechnya, due to high power consumption, effective Jan. 1, 2025, to March 15, 2031, Tass reported. #Breaking #Legal @TassAgencyEn ↘ (-6)
USDT Compliance Questioned Amid EU Silence
@Tether’s $USDT not automatically MiCA-compliant as EU remains silent; MiCA ends Dec. 30, 2024, with an 18-month transition phase. #Update #Legal @Tether_to ↘ (-2)
Ethena Labs Partners with Trump Financial
@EthenaLabs partners with Trump’s World Liberty Financial following the latter’s $500,000 purchase of $ENA tokens, signaling potential growth in blockchain finance collaborations. #Update #Crypto @EthenaLabs ↗ (+3)
Cyberattack: Hacker Breaches Accounts for Fraud
A cyber attack compromised 15 @X platform accounts, promoting fake tokens and stealing over $500,000 through phishing emails impersonating the X team; notable victims include @RuneMine and @GameSwift. #Breaking #Crypto @X ↘ (-7)
Binance Seeks Dismissal of SEC Lawsuit
@Binance and founder Changpeng “CZ” Zhao request dismissal of US Securities and Exchange Commission lawsuit, citing failure to meet Howey test and lack of investor harm evidence. $BNB price rises 2% to $685.20. #Update #Legal @Binance ↗ (+3)
Crypto ETFs Approved SEC Greenlights Hashdex
@Hashdex and @FranklinTempleton receive SEC approval for spot cryptocurrency ETFs investing in $BTC and $ETH, launching January 2025 with an 80/20 allocation favoring Bitcoin. #Update #Crypto @Hashdex ↗ (+3)
SEC Charges Tai Mo Shan Fraud
The U.S. Securities and Exchange Commission charged @JumpCrypto’s subsidiary Tai Mo Shan for misleading investors on $UST stability and unregistered sales of $LUNA, agreeing to a $123.08M penalty (May 2021 – May 2022). #Breaking #Crypto @JumpCrypto ↘ (-3)
Bitcoin ETFs Approved: SEC Greenlights Franklin Templeton
The @SECGov approved cryptocurrency ETFs from @FTI_Global and @Hashdex; $BTC and $ETH integration into traditional markets starts on Nasdaq and Cboe BZX (Dec 2024). Bitcoin @SECGov ↗ (+7)