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“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their preferred software tool without fear of penalties, and engage in important expressive associations,” the suit said. “Judicial relief would also serve
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The Senator has embraced the term “anti-crypto” when describing her critical views of the space. However, her views rarely reflect that of the mainstream, even within the Democratic party. Advocates are already pushing back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and
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More Freedom of Information Act (FOIA) requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association (BA) to two regulators.On April 14, the Association said that in addition to the FOIA requests, it has also filed Freedom of Information Law (FOIL) requests
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Crypto advocacy groups Blockchain Association and DeFi Education Fund filed a brief in United States District Court in Austin in the case brought by six individuals against the United States Treasury Department over the sanctioning of Tornado Cash. The amicus (friend of the court) brief supports the plaintiff’s motion for
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The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018.The NFA has “well over 100” members that engage in activities with digital asset commodities, but no way to address fraud
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Popular on the Ethereum blockchain, zk-proofs are also coming to the Bitcoin network. ZeroSync Association is bringing zk-proofs (Zero Knowledge) to Bitcoin (BTC) even as cryptographic techniques become popular on the Ethereum blockchain. Reports state that ZeroSync, a Swiss non-profit association, received sponsorship from crypto investment platforms Geometry Research and StarkWare Industries. The
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Linus was living in Santa Teresa, a remote beach town on Costa Rica's Nicoya Peninsula that has one ATM machine with a 10pm curfew. It drove Linus nuts and forced him to research alternative payment methods. He stumbled upon Bitcoin, befriended the well-respected “Bitcoin sorcerer” Ruben Somsen (who coined the
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Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by
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The Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution the group settled on. Stablecoins have limited penetration in the Swiss financial system, even as end-to-end digitization is becoming more common
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The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of banks including Signature, Silicon Valley Bank, and Silvergate.In a March 16 notice, the Blockchain Association said it had submitted Freedom
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