Stablecoin Launches for Kazakhstan Regulatory Fees
@Bybit becomes the first crypto exchange to enable stablecoin payments for regulatory fees in Kazakhstan’s Astana International Financial Centre (AIFC) #Update #Crypto $USDT
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Proposes Crypto Safe Harbors Reforms
@SECChair Paul Atkins announces proposed SEC rules for digital assets, aiming to clarify regulations and create safe harbors for crypto projects. #Update #Crypto $BTC $ETH
SEC Delays American-Made Crypto ETF Launch
@CanaryCapital has filed with the SEC to launch the Canary American-Made Crypto ETF (MRCA), tracking US-based cryptocurrencies, excluding stablecoins and memecoins. #Update #Crypto $XRP $SOL $DOGE $ADA $LINK $XLM
Stablecoin Regulations Spark Fraud Warning in Hong Kong
Hong Kong SFC officials caution that the new local stablecoin framework has increased fraud risks, advising investors to exercise caution amid speculative hype. #Update #Crypto
Cryptojacker Sentenced to 1 Year for $3.5M Fraud
Charles O. Parks III, a crypto influencer, was sentenced to 1 year and 1 day for defrauding cloud providers of $3.5M through cryptojacking, illegally mining $1M in crypto. #Breaking #Legal $ETH $LTC $XMR
SEC Considers Safe Harbor for NFTs DeFi
@a16z and DeFi Education Fund urge the SEC to establish a safe harbor for NFT and DeFi apps, aiming to exempt them from broker-dealer registration requirements. #Update #Crypto $ETH
XRP Surges to $3 as SEC Case Nears Dismissal
XRP surged past $3 amid speculation that the SEC may dismiss its appeal against Ripple Labs before the August 15 deadline, potentially concluding a nearly five-year legal battle. #Update #Crypto $XRP
SEC Liquid-Staking Guidance Sparks Regulatory Controversy
The SEC’s recent comments on liquid staking raise optimism and concern, noting it isn’t a securities offering, but leaves taxation and regulatory clarity unresolved. #Update #Crypto $SOL
Bitcoin Regulation Finalized by EU Banking Authority
The European Banking Authority finalizes rules requiring EU banks to hold more capital against unbacked cryptocurrencies like $BTC and $ETH, potentially limiting their participation in the digital asset market. #Update #Crypto $BTC $ETH
SEC Settles $10M Claim Against Crypto Exec
@HuynhTranQuangDuy to pay $10.5M to settle SEC claims for misusing $11.9M in investor funds to buy TerraUSD, leading to MyConstant’s collapse and significant losses for customers. #Breaking #Legal $UST
SEC Declares Liquid Staking Activities Non-Securities
The US SEC clarified that certain liquid staking activities do not constitute securities offerings, aiding institutional interest in liquid staking ETFs amid a growing $67 billion market. #Update #Crypto $SOL
CFTC Approves Spot Crypto Trading Exchanges
The US Commodity Futures Trading Commission (CFTC) is seeking public input on enabling spot crypto asset contracts on registered exchanges, part of its “crypto sprint” initiative. Comments are due by August 18. #Update #Crypto
SEC Veteran Joins Veda as General Counsel
@Veda has appointed former SEC official TuongVy Le as general counsel to enhance its DeFi offerings for institutional investors, following a recent $18M funding round. #Update #Crypto $BTC
SEC Delays Bitwise Crypto ETF Redemption
The SEC extended its deadline for ruling on in-kind redemptions for Bitwise’s Bitcoin and Ether ETFs, allowing more time for consideration of the proposed rule change. #Update #Crypto $BTC $ETH