South Korea passes bill to make officials disclose Bitcoin holdings
The “Kim Nam-guk Prevention Law” comes in response to a scandal involving some National Assembly members moving large amounts of crypto. Go to Source Powered by WPeMatico
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SEC has no authority over crypto, argues defendants in $18M fraud lawsuit
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit’s dismissal, arguing the regulator has no authority over crypto. Go to Source Powered by WPeMatico
Ripple and SEC seek extension for unsealing Hinman documents
According to court documents shared by James K. Filan, the Hinman materials will likely be unsealed by June 13. Go to Source Powered by WPeMatico
Bitcoin defense lawyer says Craig Wright lawsuit could harm open source software
The Bitcoin Defense Legal Fund’s chief legal officer spoke out against an “extraordinarily dangerous” lawsuit initiated by Craig Wright, a person who claims to be Bitcoin creator Satoshi Nakamoto. Go to Source Powered by WPeMatico
Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators
Panelists at a discussion on “Fighting the Anti-crypto Army” sought to dismiss the idea that working with lawmakers to regulate crypto should be framed as a fight. Go to Source Powered by WPeMatico
Congressional crypto hearing illustrates political stalemate on digital assets
The hearing was filled with a heavy amount of criticizing the SEC, urging to take matters of regulation into Congress’ hands and empowering the CFTC. Go to Source Powered by WPeMatico
EU Council Adopts New Rules for Europe’s Crypto Markets
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets … Read more
South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do. Go to Source Powered by WPeMatico
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Go to Source Powered by WPeMatico
US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country’s Bitcoin Law was enacted. Go to Source Powered by WPeMatico
