SEC CFTC Coordinate Crypto Oversight Agreement
The SEC and CFTC announced a Memorandum of Understanding to enhance coordination, aiming for regulatory clarity in financial markets, including digital assets. #Update #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Mastercard Partners with 85 Firms to Revolutionize Payments
Mastercard launches a Crypto Partner Program with over 85 digital asset companies to enhance cross-border payments, leveraging stablecoin infrastructure. #Update #Crypto @Mastercard
SEC Strengthens Ties with CFTC Through Joint Meetings
The U.S. SEC and CFTC are formalizing cooperation with joint meetings and exams to enhance regulatory clarity for crypto firms, aiming for a harmonized framework. #Update #Crypto $BTC $ETH
CFTC Chair Launches Comprehensive Crypto Regulations
CFTC Chairman Mike Selig outlines plans for regulatory clarity on DeFi and prediction markets, asserting the agency’s authority amid state legal challenges. #Update #Crypto $BTC $ETH
Crypto Banks Face Wall Street Lawsuit
The Bank Policy Institute considers suing the OCC over granting national trust charters to crypto firms like @Ripple, potentially allowing them bank-like services without full regulation. #Update #Legal
Binance Lawsuit Dismissed by US Court
A U.S. federal court dismissed a lawsuit against @Binance and Changpeng Zhao over alleged financing of terrorist attacks, citing insufficient evidence of direct involvement. #Update #Legal $BNB
Binance Lawsuit Dismissed by US Judge
A federal judge dismissed claims linking @Binance and Changpeng Zhao to terrorist financing, allowing plaintiffs to refile with revised allegations. #Update #Legal
Crypto Revolution: Colossus Launches KYC-Less Cards
@Colossus is launching a KYC-less credit card network on Ethereum layer-2, bypassing Visa and Mastercard. The startup raised $500K pre-seed, valued at $10M. #Update #Crypto
Kalshi Faces Lawsuit Over Khamenei Trade Carveout
A class action lawsuit has been filed against @Kalshi for allegedly failing to disclose a death carveout in the “Ali Khamenei out as Supreme Leader” market, voiding trades after his death. #Update #Legal $KSHI
Kalshi Faces Lawsuit Over Unpaid Wagers
Kalshi faces a lawsuit in California over market resolution on Iranian leader’s death, accused of inadequate rule disclosure. Plaintiffs seek damages. #Update #Legal
SEC Fines NYSE $9M Over Disruption
The New York Stock Exchange will pay a $9M SEC penalty for a January 2023 tech glitch disrupting stock trading, with total costs reaching $15M. #Breaking #Legal
SEC Clears Justin Sun Rainberry Settles $10M
Rainberry, formerly Bittorrent, settles with the SEC for $10M over fraud allegations; Justin Sun cleared of personal claims. #Breaking #Legal
Coinbase CEO Lawsuit Over Compliance Failures
Coinbase CEO Brian Armstrong and senior leaders face a shareholder derivative lawsuit over misleading disclosures on asset custody, token listings, and AML controls. #Update #Legal
CFTC Leader Joins Backpack USA as President
Mark Wetjen appointed President of @BackpackUS, leveraging his CFTC experience to enhance regulatory navigation as the company develops on-chain infrastructure for crypto integration with traditional finance. #Update #Crypto