Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
VanEck files for a spot Solana ETF with the SEC, sparking a 7% rise in Solana’s price. If approved, it will be listed on the Cboe BZX exchange. This move could legitimize $SOL further, attracting institutional and retail interest. #CryptoNews
Coinbase sues the SEC and FDIC in D.C. court for denying FOIA requests on crypto policy clarity, including Ethereum’s status and cease-and-desist orders. This case could set a precedent for transparency in the crypto sector. #CryptoRegulation
? The Supreme Court rules 6-3 that the SEC (@SECGov) must grant defendants a jury trial in federal court for civil fraud cases, ending in-house trials. This change may impact regulatory efficiency and defendants’ rights. #FinancialRegulation
Ukraine’s NSSMC rep Yurii Boiko reveals new virtual assets law aimed at exposing shadow financial operations in crypto. The law will tax crypto income like securities and exempt mining/staking from taxes, aligning with EU’s MiCA by June 2024. #CryptoRegulation
.@Coinbase has filed a lawsuit against the @SECGov and @FDICgov for ignoring FOIA requests. The suit claims lack of transparency and inconsistent crypto regulations, highlighting the need for clear guidelines. This could significantly affect digital asset regulation. #CryptoRegulation
Coinbase (@coinbase) sues SEC and FDIC, alleging non-compliance with FOIA requests and attempts to hinder crypto industry growth. The lawsuit seeks transparency on SEC’s stance on Ethereum ($ETH) and FDIC’s role in “unlawful schemes.” #CryptoNews
Turkey’s parliament passed a crypto bill imposing fines up to $182,600 and jail terms for violations. Crypto exchanges must obtain licenses and ensure fund transfers are traceable. The bill awaits President Erdoğan’s approval. #CryptoRegulation
Ukraine unveils a White Paper on AI regulation, aligning with EU AI Act principles. A 2-3 year preparatory phase will establish a regulatory “sandbox” and industry-specific guidelines. This move aims to protect citizen rights and boost competitiveness. #AIRegulation #Update
? Sui partners with @CopperHQ to enhance custody infrastructure for stablecoins and RWAs on its L1 blockchain. This includes new staking and DeFi features, despite $SUI dropping 2.82% to $0.856. #Update #BlockchainNews
Kraken disclosed a critical bug allowing researchers to withdraw nearly $3M, sparking a dispute with CertiK. Kraken’s CSO accused CertiK of excessive withdrawals, while CertiK claimed large tests were vital to assess vulnerabilities. #CryptoSecurity
Ripple President Monica Long highlights the district court’s decision that $XRP is not a security, allowing @Ripple to expand its use cases. Ripple introduces RLUSD stablecoin and partners with Archax for asset tokenization. #CryptoNews
21Shares partners with @ZodiaCustody for crypto custody services in Switzerland and Europe, addressing rising ETP demand. Zodia Custody, backed by $44M investment, enhances security and reliability for crypto investments. #CryptoNews #Update
Carole House, architect of Biden’s 2022 crypto executive order, rejoined the National Security Council as a special adviser. Her return signals a balanced approach to digital assets, focusing on market integrity and consumer protection. #Crypto #Update
Kanav Kariya, President of @JumpCrypto, resigns amid a CFTC investigation into Jump Trading. Kariya led the firm through major challenges, including a $325M hack and FTX losses, and contributed to projects like Wormhole and Pyth. #CryptoNews
