Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC. Go to Source Powered by WPeMatico
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Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Go to Source Powered by WPeMatico
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. Go to Source Powered by WPeMatico
US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA. Go to Source Powered by WPeMatico
US regulatory clarity has begun in court after Ripple win: CFTC commissioner
CFTC Commissioner Caroline Pham said recent court opinions around digital assets and securities are a first step to crypto regulatory clarity. Go to Source Powered by WPeMatico
Ripple court ruling makes call for regulation ‘more compelling and more urgent’ — former CFTC chair
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP’s favor. Go to Source Powered by WPeMatico
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
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
US Attorney’s Office announces charges against former Celsius CEO Alex Mashinsky
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
US Senators reintroduce crypto bill aimed at comprehensive regulation
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
CFTC case against Digitex futures exchange and CEO results in $16M court order
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