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Regulations
Filecoin Price Drops After SEC Asks Grayscale to Withdraw Application to Make Trust Reporting
Grayscale announced last month that the SEC suggested FIL might be a security.

Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensibly suspended in 2022.

China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.

Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said

UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
The U.K. Treasury Committee seemingly opposed the government’s proposal to treat crypto as regulated financial activities in a Wednesday report.

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency.

EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.

Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says
Coinbase asked a federal appeals court to force the SEC to respond to a petition last month.

U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network
Lawyers for Steven Nerayoff say that, on the day of his arrest, their client was put in a van by the FBI, given a list of names and told to start turning over evidence on a long list of crypto figures.

BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
The litigation supporting claims against the bankrupt crypto lender's commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say.
