#CryptoRegulation

Binance US’s Struggle Post-SEC Lawsuit: A Deep Dive

In a startling revelation, the U.S. Securities and Exchange Commission (SEC)‘s legal action against Binance.US last June has precipitated a drastic operational downturn for the company. Following the lawsuit, an executive from Binance.US disclosed in a court document that the company was compelled to terminate over 200 employees, constituting two-thirds of its workforce, after a […]

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Bitstamp Scores Singapore Foothold with In-Principle License Approval

European cryptocurrency exchange Bitstamp is setting its sights on Singapore after receiving a crucial nod from the city-state’s financial regulator. The Monetary Authority of Singapore (MAS) granted Bitstamp in-principle approval for a Major Payment Institution (MPI) license, marking a major step towards establishing a presence in this crypto-friendly jurisdiction. This in-principle approval represents a significant

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UK Cracks Down on Crypto Crime with New Seizure Powers

The United Kingdom is taking a bite out of crypto crime with a legislative update that grants law enforcement more teeth. An amendment to the Economic Crime and Corporate Transparency Act empowers them to seize crypto assets suspected of fueling criminal activity, even in the absence of a conviction. This marks a significant shift in

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States Challenge SEC’s Crypto Authority

The U.S. Securities and Exchange Commission (SEC), eight state attorney generals have accused the agency of overreaching its regulatory authority by attempting to govern “non-securities” in the cryptocurrency sector. This bold claim was articulated in an amicus brief filed amidst the SEC’s ongoing legal battle against Kraken’s parent company, highlighting a growing rift between state

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SEC’s Legal Battles Hinder Crypto Innovation, Argues Commissioner Peirce

Hester Peirce, the U.S. Securities and Exchange Commission (SEC) commissioner known for her pro-crypto stance, launched a pointed critique of the agency’s current approach to regulating digital assets during her keynote address at ETHDenver. In a speech that resonated with the crypto-focused audience, Peirce condemned the SEC’s “enforcement-only mode,” arguing that it stifles innovation and

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US Defense Bill Excludes Crypto Measures, Legislators Eye Future Regulation

The U.S. Congress has finalized the National Defense Authorization Act (NDAA) for the upcoming year, which secures funding for the nation’s defense operations. Notably absent in this year’s bill are any provisions related to cryptocurrency or blockchain technology, according to statements made by Cody Carbone, the Vice President of Policy at the Chamber of Digital

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