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Eighteen states have sued the SEC, Chair Gary Gensler, and all SEC commissioners, alleging that overreach in crypto regulation infringes on state rights and hampers industry growth. 18 States Sue SEC, Gensler, and All Commissioners Over Alleged Overreach in Cryptocurrency Regulation Eighteen U.S. states have sued the Securities and Exchange Commission (SEC), its Chair Gary … Read more
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange. Go to Source
The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment. Go to Source
Gary Gensler did not say he would leave the SEC before Donald Trump took office but pointed to the commission’s record on crypto enforcement and approving ETFs. Go to Source
South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by … Read more
Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served. Go to Source
After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee. Go to Source
Data suggests Bitcoin’s all-time high rally to $93,400 is far from over. Go to Source
Ross Ulbricht, sentenced to life in prison without the possibility of parole in 2015, asked Donald Trump for a “second chance” at freedom. Go to Source
The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank … Read more