7 hours ago · 3 min read
South Korean lawmaker suggests summoning Do Kwon to the national assembly
According to Yun Chang-hyeon, the delay in legislation has seen investors continue losing a lot of money, and bringing in Do Kwon would help introduce measures to protect investors.
Customers sue Coinbase for promoting and trading the GYEN token
The complaint claims that investors placed GYEN orders believing its value was pegged to the Japanese yen, but the price soared seven-fold before plunging 80%.
US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes
The prosecutors claim crypto platforms will not achieve compliance if their operators believe there are no meaningful repercussions for violating the law.
US Court asks defunct crypto exchange to refund Bitcoin
CampBX failed to refund the thousands to users who had Bitcoin and money on the platform.
Colorado Senate Committee considers using crypto to raise state capital
Crypto could be used to raise state financing according to a Colorado bill making its way through congress.
Bitfinex appoints Giles Dixon to help streamline regulatory approval
Dixon’s role as the Head of Licensing at Bitfinex involves helping the exchange in obtaining regulatory approval and licensing in different jurisdictions across the globe.
BitMEX’s Arthur Hayes pleads for leniency
The defense counsel is arguing that the conviction of Arthur Hayes has set enough precedence within the crypto space.
Craig Wright files legal action against Coinbase and Kraken for ‘misrepresenting’ Bitcoin
Craig Wright resumes litigation against entities that infringe his copyright and challenge his claims of being Satoshi Nakamoto.
SEC Commissioner pushes back against the recruitment of more ‘crypto cops’
The US securities agency is looking to bolster its number of crypto investigators, but SEC Commissioner Peirce questions why the crypto industry is being targeted.
SEC expands crypto team to bolster consumer protection efforts
The SEC seeks to increase the number of staff in the Crypto Assets and Cyber team of its Enforcement Division from 30 to 50.
Dfinity is suing Meta over the use of “its logo”
Dfinity says Meta’s use of the logo could bring harm to its reputation.
SEC looks to prevent Ripple from getting vital document about its case
The SEC has filed a motion that looks to protect documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities.
Crypto sector continues hiring lawyers to help with regulatory woes
Due to a shortage of lawyers who have a crypto background, crypto firms have taken to poach talent from within the industry.
SEC, Ripple agree to extend case until 2022-end
Ripple Labs executives and the SEC have mutually agreed to delays submissions and hearing until the end of 2022.
India’s Finance Minister says crypto could be used for illicit activities
Sitharaman believes the only way to curb the use of crypto in money laundering and terrorist financing is to regulate the space using technology.
US Secret Service has seized over $100 million worth of crypto since 2015
An assistant director of the US agency revealed that the federal agency tracks Bitcoin transactions on blockchain.
Ireland to bar political parties from accepting crypto donations
The new political integrity laws seek to protect Irish elections against foreign interference.