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Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020. Go to Source Powered by WPeMatico
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users. Go to Source Powered by WPeMatico
The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and many bankruptcies. Go to Source Powered by WPeMatico
The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register. Go to Source Powered by WPeMatico
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body. Go to Source Powered by WPeMatico
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing. Go to Source Powered by WPeMatico
In an interview with WSJ, Coinbase CEO, Brian Armstrong, explained that entrepreneurs who left the United States will return when the government finds the “right outcome” for crypto regulation. Go to Source Powered by WPeMatico
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.” Go to Source Powered by WPeMatico
The full Agriculture Committee heard testimony from CFTC chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer. Go to Source Powered by WPeMatico
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto. Go to Source Powered by WPeMatico
