Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Hong Kong’s SFC flags three crypto firms—Tokencan, VBIT Exchange, and HKD.com Corporation—for alleged fraud and unlicensed operations. The SFC has alerted the police to block their websites and social media pages to protect investors. #CryptoRegulation
Investment firm @VanEck_US filed for a spot Solana ETF with the SEC, despite risks like concentrated $SOL ownership and network outages. Solana’s price surged to $150, reflecting market optimism. #CryptoNews
The U.S. Supreme Court rules that the SEC can no longer use in-house judges for administrative cases. This October 2023 decision stems from George Jarkesy Jr.’s case, impacting federal agencies and the financial sector, including the crypto market. #SCOTUS #Update
Tonight’s presidential debate between @JoeBiden and @realDonaldTrump may shape future U.S. crypto regulation. With growing interest in $BTC and $ETH, both candidates must present clear strategies. Moe Vela highlights potential impacts on the sector. #CryptoRegulation
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
