Global securities body IOSCO unveils crypto regulatory framework proposals
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction. Go to Source
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Congress members urge financial authorities to invalidate SEC’s SAB 121
Congress members write in a memo that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets. Go to Source
Turkey mulls addressing licensing and taxation in new crypto rule
Bora Erdamar from BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse. Go to Source
Robinhood meme stock punters denied class suit certification
A court has rejected a motion requesting class action certification from investors pursuing legal action against Robinhood Go to Source
Tornado Cash users file appeal over judgment in favor of US Treasury
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court. Go to Source
Google sues scammers over creation of fake Bard AI chatbot
Google opens lawsuit against scammers offering a malicious version of its AI chatbot Bard that tricks users into downloads and installs malware software on their devices. Go to Source
FTX files billion-dollar lawsuit against ByBit over asset withdrawals
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform. Go to Source
Indian Supreme court rejects crypto petition, highlights legislative nature
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature. Go to Source
Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC. Go to Source
EU backs Data Act with clause to shut off smart contracts
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law. Go to Source
