White House and SEC chair oppose FIT21 bill ahead of House vote
The House of Representatives is set to vote on H.R. 4763, but U.S. President Joe Biden and SEC Chair Gary Gensler oppose the crypto-focused legislation. Go to Source
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US House to vote on FIT21 bill before holiday weekend
The legislation, passed out of committee in July 2023, would clarify how the U.S. Commodity Futures Trading Commission and Securities and Exchange Commission handle crypto. Go to Source
New York AG reaches $2B settlement with Genesis ‘for defrauded victims’
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program. Go to Source
Tornado Cash verdict has chilling implications for crypto industry
The conviction of Tornado Cash developer Alexey Pertsev reinforces a very broad interpretation of criminal liability, which has major repercussions for blockchain. Go to Source
Changpeng Zhao teases writing project ahead of reporting to prison
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing. Go to Source
Crypto firms rally behind FIT21 bill approaching US House floor vote
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule. Go to Source
French regulator warns investors Bybit provided services ‘illegally’
The Autorité des Marchés Financiers reported Bybit has been blacklisted since May 2022 “for non-compliance with current French regulations.” Go to Source
Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX. Go to Source
Oklahoma’s new crypto law protects miners, sets blockchain legal framework
Oklahoma Governor Kevin Stitt enacted a law on May 13 that creates a legal framework for blockchain and safeguards miners’ activities. Go to Source
Ex-FTX exec Ryan Salame asks for no more than 18 months in prison
The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial. Go to Source
