Key Takeaways Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken another turn as the cryptocurrency exchange challenges a previous judgment that classified secondary sales of crypto assets as “securities transactions.” Lawyers representing Coinbase have urged…
Key Takeaways The Virginia Senate passed a significant bill aimed at advancing the understanding and utilization of blockchain technology and cryptocurrencies within the state. Senate Bill No. 339, introduced on Feb. 5, proposed the creation of a dedicated workgroup tasked…
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,…
Key Takeaways Mark Scott, a lawyer convicted for his role in money laundering through the OneCoin crypto scheme, has been handed a 10-year prison sentence by Judge Edgardo Ramos of the U.S. District Court for the Southern District of New…
Key Takeaways Saddam Azlan Salim, a state senator in Virginia, has presented Senate Bill 339 (SB 339), aimed at preventing state authorities from hindering citizens in engaging in various cryptocurrency and bitcoin-related activities. Introduced on January 9, the bill addresses…
Key Takeaways Amidst the ongoing legal saga involving Do Kwon, the former CEO of Terraform Labs, a recent development has seen his legal counsel request a delay in the Securities and Exchange Commission (SEC) trial. The reason behind this request…
Key Takeaways United States-based Bitcoin miner CleanSpark Inc. is set to significantly boost its mining capabilities, with plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024, according to a recent announcement on January 8th. The…
Key Takeaways With the deadline looming for the U.S. Securities and Exchange Commission (SEC) to make a decision on spot Bitcoin exchange-traded funds (ETFs), there’s a flurry of activity among 11 applicants who have submitted 19b-4 amendment forms. The discussions…
Key Takeaways In a groundbreaking development, Shakeeb Ahmed, a senior security engineer for an international technology company, pleaded guilty in a New York court on Thursday in connection with two significant cryptocurrency hacks. Ahmed, arrested in July, was linked to…
Key Takeaways In a notable development for the cryptocurrency industry, the U.S. House Committee on Energy and Commerce has unanimously approved the Deploying American Blockchains Act of 2023, a 13-page legislation that directs the U.S. Secretary of Commerce to actively…
