Louisiana Governor Jeff Landry recently signed a bill, HB 488, that aims to protect the rights of individuals and businesses to engage in crypto transactions. The bill prohibits central bank digital currencies (CBDCs) and ensures that governing authorities cannot accept or require payments in CBDCs. The bill also lays out rules around crypto mining and
Regulation
Ripple, a prominent cryptocurrency company, is facing new legal challenges following a US judge’s decision to allow a lawsuit against the firm. The lawsuit specifically targets CEO Brad Garlinghouse for allegedly making misleading statements. The case is set to proceed to trial, where a jury will determine whether Garlinghouse misled investors during a televised interview
Recently, the US Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Crypto for reasons that have not been disclosed to the public. Sources familiar with the matter have reported that the federal agency is focusing on the firm’s trading and investment activities within the crypto sector. However, it is essential to note that
The recent decision by the SEC to close its investigation into Ethereum 2.0 has stirred up significant debate within the blockchain community. This development follows a letter from Consensys seeking clarity on the classification of ETH sales as securities transactions. Consensys’s announcement of the SEC’s decision as a victory for Ethereum developers and industry participants
Recent reports have surfaced regarding the Financial Supervisory Service (FSS) in South Korea instructing registered crypto exchanges to evaluate various tokens on their platforms. This directive is in line with the Virtual Asset User Protection Act, which requires exchanges to adhere to strict compliance and conduct regular assessments of listed tokens. The law also mandates
The Securities and Exchange Commission’s (SEC) crypto asset enforcement chief, David Hirsch, made headlines on June 17 when he announced his departure from the agency. After nearly nine years of service at the SEC, Hirsch expressed his pride in the groundbreaking work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Taking
With the recent $4.5 billion SEC settlement, Terraform Labs CEO Chris Amani has made the decision to wind down the company and transition Terra into a community project. Amani emphasized the need for the community to take over ownership of the chain, signaling a shift in direction for the project. This move indicates a decentralization
Cryptocurrencies have become a significant challenge for law enforcement agencies around the world. The EU Innovation Hub for Internal Security recently released a report highlighting the difficulties faced by authorities in tracking and recovering illicit digital assets moved through decentralized methods using privacy coins, layer-2 networks, and crypto mixers. The report emphasizes how the reliance
In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong emphasized the importance of securing regulatory clarity for the crypto industry. He called for a unified effort to support pro-crypto political candidates and vote out anti-crypto incumbents. Armstrong highlighted the significant investment that Coinbase has made in policy
The potential launch of US spot Ethereum ETFs in June has been a topic of much speculation within the cryptocurrency community. Bloomberg ETF analyst Eric Balchunas suggested that there is a “legit possibility” of spot Ethereum ETFs being launched by the end of June. However, he also mentioned that an earlier mid-June launch would be
