One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell
Russia’s lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia’s state-owned domestic news agency reported. The first law fully legalizes cryptocurrency mining in Russia from Nov. 1, 2024. Legal entities and individual entrepreneurs registered with
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations. In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials
Crypto exchange WazirX has filed a police complaint after it suffered a $230 million hack on Thursday. The firm has also reported the incident to the Indian Computer Emergency Response Team (CERT-In), it said on X. Engaging with CERT could mean it is seeking the help of India’s premier agency which responds to computer related
As the newly elected NDA government prepares to present its full Budget for the FY2024-25, all eyes are on Finance Minister Nirmala Sitharaman. Among the many sectors eagerly awaiting the announcements, the cryptocurrency industry has high hopes for favorable reforms that could significantly impact its growth and regulatory landscape.Industry experts have outlined a clear wishlist
Former President Donald Trump, the presumptive Republican nominee for leader of the U.S., announced he chose crypto-friendly Sen. J.D. Vance (R-Ohio) as his vice presidential candidate. “After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of
The experts said the city had accumulated law enforcement experience when it came to cryptocurrencies, to a point where authorities could easily trace money-laundering activities that used such virtual assets. Joshua Chu Kiu-wah, a lawyer specialising in technology disputes and cybersecurity, said the focus should be less on new laws and regulations since the virtual
BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). According to newly published court documents, the Seychelles-based crypto exchange willfully failed to set up an adequate know-your-customer (KYC) and anti-money laundering (AML) program at the exchange between September 2015 and September
Former President Donald Trump’s Republican Party has officially adopted a platform that would seek to support cryptocurrency innovation, according to the document released Monday by the Republican National Committee. The platform is meant to lay out the party’s priorities as presumptive presidential nominee Trump and Republican congressional candidates head into the November election, and it
Terraform Labs and its former CEO Do Kwon have agreed to a settlement agreement with the U.S. Securities and Exchange Commission (SEC) that would see them forking over a combined $4.5 billion in disgorgement and civil penalties. The settlement agreement, which was filed Wednesday, would also permanently ban Kwon and Terraform Labs from buying and