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Regulations
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.
A16z Boosts Crypto's Election Fund by Another $25M to Seek Friendly Congress
After Ripple's similar addition, which put the industry's political action committees over the $100M mark this week, the additional $25M pushes the political influence into rare territory.
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
The regulator wants digital asset providers to include policies which cover response and resolution monitoring and reporting.
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry – the chief GOP negotiator on crypto legislation – said future policy is now assured by a major bipartisan showing for his effort in the House of Representatives.
U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.
U.S. House's Emmer Says Best Hope for Crypto Legislation Is Year-End Session
The Republican majority whip, Rep. Tom Emmer, suggested headwinds for a major crypto bill in this waning session, with a best shot in the so-called lame-duck session after the election.
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
The Bank of Israel has not decided on issuing a digital shekel, even as it continues its yearslong effort to explore its issuance.
Ripple Donates Another $25M to Crypto Super PAC Fairshake
Ripple’s new contribution to Fairshake is on top of another $25 million donation to the pro-crypto PAC in 2023.
Leveraged Ether ETF to Start Trading June 4, Sponsor Volatility Shares Says
It was about one year ago when regulators first approved a leveraged bitcoin ETF.
Binance Executive Jailed in Nigeria Is Suspected of Having Malaria, Family Says
“Despite a court order from Justice Emeka Nwite issued on Thursday, May 23, Tigran Gabaryan has still not been moved to hospital from Kuje prison,” a family spokesperson for Gambaryan said.
