The Energy Information Administration (EIA) recently faced backlash from members of the crypto mining sector, leading to the suspension of a survey aimed at collecting data from crypto mining firms. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, raised concerns about the EIA’s data collection practices, prompting the agency to halt enforcement
Regulation
South Africa recently unveiled plans to integrate digital payments and cryptocurrencies into its financial system as part of its 2024 budget. The government aims to boost the economy, particularly for marginalized communities, through increased collaboration between the public and private sectors to foster financial innovation. The primary goal is to improve access to digital payment
In a recent development, Ladan Stewart, a key member of the US Securities and Exchange Commission’s legal team, has decided to leave her position to join a pro-crypto law firm. This move highlights the increasing importance of legal expertise in the cryptocurrency industry and the complexities surrounding regulation in this space. New Role at White
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for tokenized financial products in an effort to promote innovation and protect consumers. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. The guidelines aim to establish clear principles for the sale
A significant milestone has been achieved in Iowa with the approval of House File 2519 by the Judiciary Committee. This digital asset bill is a progressive step towards integrating digital assets and electronic records into commercial transactions. The bill focuses on enhancing legal clarity and security in digital transactions to cater to the evolving digital
In a recent incident, the U.S. Securities and Exchange Commission (SEC) fell victim to a SIM swap attack, highlighting the vulnerability of its cybersecurity measures. The incident involved an unknown actor performing a SIM swap attack on the SEC’s X account and spreading false information about the approval of spot Bitcoin ETFs. In response to
Tech mogul Elon Musk has been ordered by a US court to testify in an investigation conducted by the Securities and Exchange Commission (SEC) regarding his acquisition of social media platform Twitter, now rebranded as X. The court ruling came after the SEC filed a motion to enforce a subpoena against Musk, seeking relevant information
The New York Attorney General’s Office (NYAG) has recently expanded its fraud claims against Digital Currency Group (DCG) and its affiliates, asserting that the losses incurred now amount to a staggering $3 billion. The lawsuit, which initially alleged losses of over $1 billion, has been amended to include an additional $2 billion in losses, affecting
The Bank for International Settlements (BIS) has recently released a comprehensive report that sheds light on the potential risks and concerns surrounding the metaverse, a virtual digital ecosystem that has garnered significant attention in recent years. This article aims to analyze the report and delve into the challenges and opportunities that lie ahead for the
The recent joint application by Ark Invest and 21Shares for a spot Ethereum exchange-traded fund (ETF) has attracted significant attention in the crypto community. However, a closer analysis of the amended S-1 filing reveals some important limitations and uncertainties surrounding this proposed ETF. In this article, we will delve into the details of the filing,