Regulation

Former FTX boss Sam Bankman-Fried is likely remain behind bars until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release. On Sept. 12,  District Judge Lewis Kaplan denied Bankman-Fried’s claim that his trial preparation was hindered due to poor internet access in prison finding it wasn’t

Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable. In court filings on Sep.11, Bankman-Fried’s lawyers and United States prosecutors separately filed their lists of proposed questions they

Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has been reintroduced by Representative Tom Emmer. On Sep. 12, Emmer and 49 original co-sponsors revived the “CBDC Anti-Surveillance State Act” in the United States House of Representatives in a bid, they claim, to protect Americans’ right to financial

The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator. “The only country I would not encourage you to start a company right now

Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden’s voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content.  This announcement was made by the White House on Tuesday, Sept 12. The White House Chief of Staff, Jeff Zients, emphasized the urgency of leveraging AI’s advantages, mitigating its risks and rapid action,

Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the company to the new global brand, HTX. The new naming stands for the first letters of

Prosecutors intend to use personal notes and diary entries from former Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial. In an Aug. 14 filing, prosecutors said they would bring forward a collection of Ellison’s personal to-do lists and notes including one titled “Things Sam is Freaking Out

China’s provisional guidelines for artificial intelligence (AI) activity and management in the country are scheduled to come into effect on Aug. 15.  The regulations, which were published on July 10, are referred to as the “Generative AI Measures” and are the result of a joint effort between six government agencies including the Cybersecurity Administration of

While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes that three business days is a “timely transfer” for single-currency stablecoins (SCS), which is similar to transfer speed requirements for domestic money transfers.  On Aug. 15, the Monetary Authority of Singapore (MAS) released its regulatory framework for stablecoins in the city-state.

The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which includes allegations of campaign finance law violations as part of a wire fraud scheme. In an Aug. 14 filing in U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams charged SBF

Crypto’s legitimacy and adoption have increased in recent years, and along with the uptick in use, the tech has become a topic of political divisiveness, resulting in a perception of partisanship — especially in the United States.  Speaking to Cointelegraph, Jonathan Jachym, the Global Head of Policy at U.S.-based crypto exchange Kraken, said he doesn’t

The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark. In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief predicted that a Republican President could drastically shift the crypto-regulatory

The Securities and Exchange Commission’s (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity.  “There’s a tremendous amount of pressure on the SEC

A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses. According to reports of individuals present at an Aug. 11 hearing in the United States District Court for the Southern District of New York, Judge Lewis

A group of six legal scholars specializing in securities law and related domains have submitted an amicus brief in favor of crypto exchange Coinbase in its legal battle against the U.S. Securities and Exchange Commission (SEC). An amicus brief is a legal instrument submitted to the court which originates from a party not directly engaged

Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading. Rene Larralde from Melbourne, Florida, Juan Pablo Valcarce from West Melbourne, Florida, Brian Early from New Orleans, Louisiana and Alisha Ann Kingrey from Franklin,

Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against

A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions. In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New York, Judge Martin Glenn said

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to add supporting arguments to one

Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.  On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and Type 7 regulated activities.