Key Takeaways The U.S. Securities and Exchange Commission has officially dismissed its lawsuit against blockchain firm Dragonchain two years after accusing it of unregistered offering of crypto asset securities. The SEC and Dragonchain filed a joint stipulation on April 24…
Key Takeaways U.S. authorities have filed civil charges against Ramil Palafox, accusing him of masterminding a massive investment scam that promised consistent profits through digital currency and foreign exchange trading. The scheme, which operated under the company PGI Global, is…
American CryptoFed is prohibited by the US SEC from registering algorithmic stablecoins and stabilising assets
Key Takeaways The U.S. Securities and Exchange Commission (SEC) and Binance have jointly requested a second 60-day pause in their legal proceedings, citing continued discussions that could lead to a resolution. The request, filed on April 11 with the U.S.…
Key Takeaways Thailand has approved amendments to two emergency decrees to address the rising use of digital assets in cybercrime. The Cabinet resolution, passed on April 8, strengthens the country’s legal framework around digital asset businesses and cybercrime prevention. The…
Key Takeaways Crypto.com announced on Thursday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the exchange and will not pursue enforcement action. The SEC has not issued a public statement regarding the closure of the…
Key Takeaways Crypto asset manager Grayscale has withdrawn its 19b-4 application for an Ether futures exchange-traded fund (ETF). On May 7, Grayscale filed a notice of withdrawal for the Grayscale Ethereum Futures Trust with the United States Securities and Exchange…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has repealed Staff Accounting Bulletin (SAB) 121, which required companies to record digital assets held in custody as both an asset and a liability on their balance sheets. SAB 121, treated…
Key Takeaways Coinbase has petitioned the Second Circuit Court of Appeals to rule on whether crypto trading on its platform should fall under U.S. securities laws. In a filing on January 21, 2025, Coinbase’s legal team urged the court to…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) announced the creation of a new crypto task force on January 21, 2025, just one day after former Chair Gary Gensler’s resignation. Acting SEC Chair Mark Uyeda outlined the task force’s…
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