More US senators back Elizabeth Warren’s AML bill targeting crypto
The legislation, reintroduced in July, already has the support of several U.S. lawmakers, but critics have suggested it could threaten financial freedom and privacy. Go to Source
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CZ must stay, Do Kwon to be extradited: Law Decoded
A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition. Go to Source
DOJ unveils extensive monitorship over Binance operations
Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request. Go to Source
Tether announces wallet-freezing policy for OFAC-sanctioned persons
Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States. Go to Source
Crypto lawyer wants to depose Changpeng Zhao for civil case
The Moskowitz Law Firm, which represented many crypto investors in class-action lawsuits, cited the former Binance CEO’s “unique knowledge” of issues in calling for his deposition. Go to Source
US senators target crypto in bill enforcing sanctions on terrorist groups
Senator Elizabeth Warren isn’t leading the charge on this bill linking crypto transactions to terrorism — it comes from Senators Mitt Romney, Mark Warner, Mike Rounds and Jack Reed. Go to Source
Bitcoin’s many deaths: Is crypto market past ‘point of no return?’
Bitcoin has been declared dead more times than you’d think amid downswings in the market, but it’s always managed to bounce back. Go to Source
SEC discussing ‘key technical details’ with spot crypto ETF applicants: Report
In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds. Go to Source
Montenegrin official plans to extradite Do Kwon to the United States: Report
The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro. Go to Source
AI regulations in global focus as EU approaches regulation deal
Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead. Go to Source