Tag Archives: crypto regulation

White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock

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The White House is set to bring together senior figures from the banking and crypto industries on Monday in an effort to break the deadlock over the crypto market structure bill, namely the CLARITY Act, according to a Reuters report.  The planned meeting comes as progress on the bill has stalled amid growing tensions between… Continue reading White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock→

Optimism Grows In Crypto Market Structure Bill After Wednesday’s Senate Banking Meeting

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On Wednesday, a bipartisan meeting of the Senate Banking Committee, led by Senator Tim Scott, offered a cautiously optimistic outlook for discussions surrounding the anticipated crypto market structure bill.  Despite the absence of any markup hearings scheduled for this week, industry representatives and senators engaged in what many considered a productive dialogue regarding the evolving… Continue reading Optimism Grows In Crypto Market Structure Bill After Wednesday’s Senate Banking Meeting→

Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving

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In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill.  This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of… Continue reading Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving→

Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin

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An Argentine prosecutor has requested a judge to issue an Interpol “Red Notice” for Hayden Davis, an American citizen allegedly involved in the launch of the controversial LIBRA memecoin that has entangled Argentine President Javier Milei in a dramatic political scandal.  LIBRA Memecoin Scandal The request, made by prosecutor Gregorio Dalbón, reviewed by Fortune, accuses… Continue reading Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin→

Crypto Exchange Garantex Co-Founder Arrested In India Over Extradition Request

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Authorities in India have apprehended Aleksej Besciokov, the alleged co-founder of Garantex, a cryptocurrency exchange reportedly implicated in “extensive money laundering activities (MLA).”  $60 Billion In Transactions Linked To Criminal Activity Besciokov, a 46-year-old Lithuanian national, was reportedly arrested while vacationing with his family in Varkala, a coastal city in the Indian state of Kerala.… Continue reading Crypto Exchange Garantex Co-Founder Arrested In India Over Extradition Request→

Inauguration Effect? Bitcoin Whales Start Accumulating As Trump Era Begins

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Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency. Bitcoin Whales Back In Accumulation Mode According to the report, large BTC holders – commonly… Continue reading Inauguration Effect? Bitcoin Whales Start Accumulating As Trump Era Begins→

BREAKING: BitMEX Fined $100 Million For US Money-Laundering Violations

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Federal judge John G. Koeltl has directed BitMEX to pay a $100 million fine, representing the latest development in an ongoing legal dispute regarding money laundering infractions in the US. BitMEX Faces Major Legal Setback The legal challenges for BitMEX stem from activities between 2015 and 2020, during which the exchange reportedly failed to adhere… Continue reading BREAKING: BitMEX Fined $100 Million For US Money-Laundering Violations→

Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump

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As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC).  Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before… Continue reading Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump→

SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’

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The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto… Continue reading SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’→

US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal

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On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.  Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District… Continue reading US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal→