Terra Founder Do Kwon Triumphs in Appeal Against US Extradition
The ongoing story of Do Kwon is that a Montenegrin court has once again overturned an earlier ruling that called for the executive's extradition to the US.
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Latest firstState Attorneys General Challenge SEC’s Lawsuit Against Kraken
Key Takeaways A group of state attorneys general has challenged the U.S. Securities and Exchange Commission (SEC) over its lawsuit against crypto exchange Kraken, contending that the SEC overstepped its jurisdiction. The state AGs argued that the SEC’s legal action…
US House Committee Votes to Scrap SEC’s Crypto Custody Bulletin
Key Takeaways The U.S. House Financial Services Committee took a significant step by voting in favor of a resolution aimed at scrapping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121). This resolution, known as H.J. Res. 109,…
Kraken Seeks Dismissal of SEC Lawsuit, Cites Concerns Over Regulatory Overreach
Kraken has requested to dismiss a lawsuit from the US SEC from November, claiming that the case establishes a "dangerous precedent" for the agency's authority.
Lejilex and CFAT Challenges SEC’s Crypto Authority in Legal Dispute
Lejilex and the CFAT have filed a lawsuit against the SEC, requesting that the court make a ruling regarding the legality of digital assets on the secondary market.
Bakkt Receives Green Light for $150M Securities Sale
The cryptocurrency startup Bakkt claims that regulators have given it permission to sell up to $150 million worth of securities.
SafeMoon CEO Out on Bail Amid Legal Team Withdrawal Concerns
Key Takeaways SafeMoon CEO Braden John Karony has been released on bail after being arrested on charges of securities fraud, money laundering, and conspiracy to commit wire fraud. However, his legal team has decided to withdraw from representing him due…
Philippines To Launch Wholesale CBDC Within Two Years
Key Takeaways The Philippines is gearing up to introduce a central bank digital currency (CBDC) within the next two years, following the lead of other global regulators who have embraced digital tokens as an alternative to volatile cryptocurrencies. According to…
Crypto Exchange Bakkt Might Run Out of Cash Soon
Key Takeaways Bakkt, a publicly-traded crypto company is facing financial challenges that cast doubt on its ability to sustain operations for the next 12 months. The company’s precarious financial situation was disclosed in a filing with the U.S. Securities and…
TradeStation Crypto Resolves SEC Charges on Asset Lending Allegations
Due to TradeStation Crypto's failure to register an interest-bearing lending product, the trading platform reached a settlement with the US SEC and a task force of state regulators.