crypto regulation

The U.S. Securities and Exchange Commission (SEC) has 45 days to appeal a federal circuit court's decision saying the agency must review Grayscale Investments' application to launch the first spot bitcoin ETF. Perkins Coie Partner and former SEC enforcement lawyer Keith Miller shares insights into the next steps, explaining why this is a "crack in the SEC's cryptocurrency foundation." Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

Aug 31, 2023

The U.S. Securities and Exchange Commission (SEC) issued its first NFT-related enforcement action, charging Los Angeles-based entertainment company Impact Theory on allegations the NFTs that were sold on the platform were actually unregistered securities. Hermine Wong, herminewong.xyz principal and former SEC Special Counsel, breaks down the SEC's argument and the potential outcomes. "No one can say NFTs are securities, and the order doesn't tell us that," Wong said. 

Aug 30, 2023

The Atlantic Council says 130 countries are currently exploring a central bank digital currency (CBDC). Atlantic Council GeoEconomics Center associate director Ananya Kumar shares her insights into the race for the future of money and the privacy implications. Plus, the role of CBDCs in the U.S. presidential election and the outlook for the digital dollar.

Aug 29, 2023

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements. Taxbit head of government relations Miles Fuller discusses what to make of the new plan and the potential outcomes.

Aug 28, 2023

Tornado Cash developers Roman Storm and Roman Semenov were charged with money laundering and sanctions violations earlier this week. FalconX deputy general counsel Purvi Maniar shares her reaction, explaining why it's "very disappointing to see allegations that the benefits of the technology are being used in a negative way to violate U.S. law." Plus, insights into FTX's bankruptcy case and the future of crypto regulation.

Aug 25, 2023

Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.

Aug 24, 2023

Sam Bankman-Fried intends to argue he was acting in "good faith" in loaning funds to FTX and Alameda executives, in setting Signal messages to auto-delete and in setting up a set of North American entities because he was following the advice of lawyers, including law firm Fenwick & West. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the latest developments and what happened inside the courtroom during Bankman-Fried's Tuesday arraignment.

Aug 23, 2023

FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP partner and former federal prosecutor, discusses what to make of the latest developments. The problem is "not the lawyers, it's Sam Bankman-Fried," Mariotti said. 

Aug 22, 2023

Securities regulators are likely to approve ether (ETH) futures ETFs for trading in the U.S, according to Bloomberg. Bitwise Asset Management Chief Investment Officer Matt Hougan discusses his take on the state of the ether futures ETF race and the implications for the broader crypto industry.

Aug 21, 2023

Crypto-friendly Custodia Bank announced a week ago that it launched to business customers in a number of states. Custodia Bank founder and CEO Caitlin Long joins "First Mover" to discuss the details of the launch and her reaction to major news in the crypto industry from the plunge in bitcoin to Prime Trust filing for bankruptcy protection. Plus, insights into the legal battle between Custodia Bank and the Federal Reserve.

Aug 18, 2023