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U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said the regulator will continue to pursue cryptocurrency exchanges that break the law. In a statement quoted by Business Insider, the commissioner emphasized that “there are no pirate ships in US markets” and that “access to American customers is a privilege,
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The Minnesota Republican says current laws ‘are suitable to help weed out bad actors.’ Tom Emmer, the Minnesota Republican who has been crypto pro advocate for years, says there is no need for Capitol Hill to rewrite existing laws trying to clamp down on digital currencies as enforcement action is still
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In a recent statement, Dennis Porter, the co-founder and CEO of Satoshi Action Fund, expressed his belief that the year 2024 will
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The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, Kraken had operated as a platform that offered the
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The top United States agency for consumer financial protection is considering applying the Electronic Fund Transfer Act (EFTA) to crypto, in an attempt to protect consumers from fraudulent crypto transfers. Speaking at an Oct. 6 payments conference by the Brookings Institution think tank, Consumer Financial Protection Bureau (CFPB) director Rohit
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The United States Department of Justice filed a court motion on Oct. 4 claiming the lack of crypto regulations in the U.S. is no bar to the criminal charges filed against the former CEO Sam Bankman-Fried of now-bankrupt crypto exchange FTX.The U.S. DOJ’s letter was filed in response to the
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The governor of Banco Central do Brasil, the country’s central bank, announced plans to tighten crypto regulations due to rising adoption. During a speech to the parliamentary Finance and Taxation Commission on Sep. 27, Roberto Campos Neto drew attention to the increasing number of Brazilians importing crypto. According to data from the
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The SEC filed suit in 2022 alleging the blockchain-based file-sharing network had violated federal securities laws with the sale of its native LBRY credits (LBC), which the firm maintained were not securities. A New Hampshire judge ruled in favor of the SEC in November and the final ruling was filed
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Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don't show any clear violations of money-transmitting-related offenses.Roman Storm and Roman Semenov were indicted by the United States Office of Foreign Asset Control on Aug. 23 for conspiring to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 16, the Dubai Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE) escalated its actions against Open Technology Markets Ltd. (OPNX), a crypto exchange. This follows previous notices in April 2023 concerning the
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