REGULATION
Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.
U.S. President Joe Biden's administration released a statement on Jan 27
The White House developed a "road plan" to mitigate bitcoin concerns via congressional initiatives.
U.S. Representative French Hill offers insights into digital asset regulations
French Hill urges the Senate to create innovative crypto rules.
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.
SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification
After the fall of FTX and the Ripple lawsuit in 2022, the U.S. Securities and Exchange Commission (SEC) is now looking into Wall Street corporations that may be violating custody regulations.
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender
Arizona state senator Wendy Rogers also supported a tax-exempt crypto bill.
How much money will Sullivan & Cromwell make from the FTX cryptocurrency
A story claims FTX's notorious legal team would profit hundreds of millions from the exchange's bankruptcy lawsuit.
Custodia Bank's Application to Join Federal Reserve Rejected
Custodia, a digital asset bank, was denied membership in the Federal Reserve System.
New York State Introduces Bill Allowing State Agencies to Accept Crypto
The crypto sector has attacked New York's "BitLicense" and crypto mining restrictions.
The White House is continuing to develop its National Digital Assets Research and Development
The White House wants advice on its National Digital Assets Research and Development Agenda. The agenda "shapes a whole-of-government effort" to build digital assets and distributed ledger technologies. The president's digital asset executive order prompted its September announcement.
Circle Spokesperson Denies Blaming SEC for Failed $9 billion deal
Circle denies blaming the SEC for its December $9 billion failed IPO. Circle's representative said any contradictory assertions are "inconsistent" with past declarations.
Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement
Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".
U.S. Federal prosecutors allege that Sam Bankman-Fried has used money from FTX exchange to invest in the VC
SBF contributed $400 million in Modulo Capital. Prosecutors believe Modulo investment was made using stolen or illegal funds.
Bitcoin Cash advocate Roger Ver sued for $20.8 million
Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
The UK's Regulatory Policy Committee is Against the FCA
The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is "red," meaning it's unsuitable.
