Under the decree, the Securities Commission will exercise control over assets classified as securities, while the Central Bank will establish the rules and regulations that crypto exchanges must adhere to
Senator Cynthia Lummis, together with Senator Kirsten Gillibrand, is leading a bipartisan campaign to enact comprehensive cryptocurrency laws. The anticipated bill aims to provide legal clarity, reduce regulatory ambiguity, and promote responsible participation.
The US District Court has issued a summons to Binance CEO Changpeng Zhao amid claims of violations of the securities laws and improper management of customer funds.
The Philippines' financial authority has opted not to hurry the publication of a legal framework on the crypto industry, which was initially scheduled for late 2022
SEC claims that the exchange and its founder allegedly enriched themselves by billions of U.S. dollars while exposing investors' assets to significant risks.