Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
The deal would see DCG repay $275 million it owes to Genesis by April. Source
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Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions
The U.S. Department of Justice and Sam Bankman-Fried's defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks. Source
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Taiwan to propose crypto regulation in November
Taiwan is moving forward with plans to regulate the crypto industry by proposing a draft special law for first reading by the end of November, according to a lawmaker. Yung-Chang Chiang, a member of Taiwan’s parliament, said in an interview with The Block published on October 6 that a dedicated crypto
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Celsius and Core Scientific propose $14M settlement for litigation
Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle which had been ongoing for months.In a Sept. 15 announcement, Core Scientific said it had agreed to sell a Bitcoin (BTC) mining data center to Celsius in exchange for $14 million
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FTX’s Sam Bankman-Fried, DOJ Propose Jury Questions Ahead of October Trial
"The function of the jury is to decide questions of fact," the DOJ's proposed questions suggested the judge say. "You are the sole judge of the facts and nothing that the Court or the lawyers say or do may encroach in any way on your role as the exclusive fact-finder.
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US Treasury and IRS Propose Cryptocurrency Reporting Rules for Brokers
The United States Government Accountability Office (GAO) warns that “limits on third party information reporting to the IRS is an important factor contributing to the tax gap, which is the difference between taxes legally owed and taxes actually paid”. The United States Department of the Treasury and the Internal Revenue Service
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US Treasury, IRS propose cryptocurrency regulations for brokers
Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.The Office of Advocacy of the U.S. Small Business Administration revealed that the proposal around crypto regulations for brokers
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Australian legislators propose changes to crypto bill following review
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Australia’s Senate Committee on Economics Legislation has concluded its review of the “Digital Assets (Market Regulation) Bill 2023,” initially introduced by Senator Andrew Bragg. The committee’s report, released on Sep. 4, calls for certain amendments to
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US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto
Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) chair Gary Gensler’s approach to digital asset regulation. In a letter to Gensler dated July 19, Representatives French Hill and Dusty Johnson suggested legislation was a more
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US lawmakers propose bills to hold bank execs accountable for failures and address risks
Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.In a June 21 announcement, committee ranking member Maxine Waters said House Democrats had backed 11 bills drafted in response to
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