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Regulations
OKCoin Accused by FDIC of Making False Claims About Customer Protections
The U.S. banking agency demanded the exchange halt “misleading representations” of backing from FDIC insurance.
U.S. Court Will Rule on Terraform Labs' Push to Dismiss SEC Lawsuit Within a Month
Terraform Labs' lawyers argued UST was not a security because it was designed for commerce, rather than as an investment.
Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request
Courts in the country approved bail for the Terraform Labs founder, but a South Korean extradition request is set to keep him in jail.
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
State regulators say Abra held tens of millions of dollars' worth of assets on now bankrupt platforms.
Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously
SEC emails illuminated ex-official Hinman’s 2018 view on ETH, which Ripple’s top lawyer said was used to ‘destroy and disrupt’ U.S. crypto, but this probably won’t steer agency policy.
Judge Allows FTX Founder Sam Bankman-Fried to Go to Trial on Only Wire Fraud, Political Contribution Charges for Now
A U.S. federal judge in New York revealed skepticism of the arguments from SBF's defense attorneys in a hearing on their motions to dismiss several counts.
EU to Consult on Crypto Complaints, Conflict of Interest Rules in July
The bloc’s securities-market authority ESMA is to fill in the details of the flagship crypto law MiCA
Polygon Labs Rolls Out Open Database for Blockchain Use Cases
Called "The Value Prop," the database hosts as many as 39 use cases and over 300 applications, with numbers expected to increase.
EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability
The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says.
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
The plan, filed on Thursday, could face legal opposition from borrowers.
