Regulatory Updates
Senator Cynthia Lummis Hails Passage of Pro-Bitcoin Bill, Emphasizes States’ Rights
Senator Cynthia Lummis (R-Wyo) celebrated the recent passage of a pro-Bitcoin bill in Louisiana, marking a significant moment for states' rights in...
U.S. Spot Bitcoin ETFs Witness Significant Outflows Amid Bitcoin Price Slump
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a substantial net outflow of $174.45 million on Monday, marking their seventh consecutive...
Ripple Faces Trial Over Securities Litigation as California Judge Partially Denies Motion for Summary Judgment
A California judge on Friday 21 June 2024, ruled that the civil securities litigation against Ripple Labs Inc. will proceed to trial, creating...
3iQ Digital Asset Management Files Preliminary Prospectus for North America’s First Solana ETF
On 21 June 2024, 3iQ Digital Asset Management, a leading Canadian digital asset investment firm, has filed a preliminary prospectus for The Solana...
ED Arrests Manideep Mago in Massive Illegal Foreign Remittances Case Involving Crypto Transactions
The Directorate of Enforcement (ED) on 19 June, 2024 has arrested Manideep Mago under the provisions of the Prevention of Money Laundering Act...
U.S. Judge Allows Billionaire’s Lawsuit Against Meta Over Fake Crypto Ads to Proceed
A U.S. judge has rejected Meta Platforms’ bid to dismiss a lawsuit filed by Australian mining tycoon Andrew Forrest. The lawsuit accuses Meta of...
Binance Faces Regulatory Scrutiny and Fines in India and Canada Amid Global Compliance Push
The Director of the Financial Intelligence Unit of India (FIU-India) has determined that Binance operated in India without fulfilling its statutory...
Tether Launches Gold-Backed Stablecoin ‘Alloy’
Tether, one of the largest companies in the cryptocurrency industry, has officially launched Alloy by Tether, a new asset backed by Tether Gold....
U.S. Supreme Court to Rule on Nvidia’s Alleged Crypto-Mining Revenue Disclosure Deception
The US Supreme Court has decided to review a significant case involving Nvidia Corp.’s disclosure of its crypto mining revenue, a decision that...
El Salvador Proposes Bitcoin Bank to Boost Financial Services and Investment
El Salvador’s President Nayib Bukele has proposed the establishment of a Bank for Private Investment (BPI) to diversify financial services offered...
Australia’s ASX Approves First Spot Bitcoin ETF
The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), which will commence trading on 20 June,...
Taiwan Crypto Industry Takes Initiative With New VASP Association to Set Industry Standards
In a move towards self-regulation ahead of anticipated government action, 24 leading cryptocurrency companies in Taiwan have joined forces to...