The landscape of cryptocurrency regulation is ever-changing, as exemplified by the recent amended complaint filed by the U.S. Securities and Exchange Commission (SEC) against Binance in the District of Columbia. The SEC has made significant procedural updates and legal alterations to its previous filing, an indication of the agency’s continued commitment to enforcing regulations in
Regulation
The Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 has ignited fervent discussions across Australia, with advocates on both sides of the issue expressing passionate views on its implications. As misinformation continues to pose a significant challenge in today’s digital landscape—especially concerning elections, public health, and critical infrastructure—the government contends that such legislation is
In a significant move for the cryptocurrency trading landscape, eToro recently announced that it will cease trading most digital assets on its platform, following a $1.5 million settlement with the US Securities and Exchange Commission (SEC). This decision stems from an investigation that revealed eToro had allowed US customers to trade crypto assets considered securities
In recent years, the digital assets market has seen exponential growth, attracting a vast array of investors and players. Despite its rapid expansion, the regulatory framework surrounding these assets remains muddled, leading to significant uncertainty. Congressman John Rose’s introduction of the BRIDGE Digital Assets Act represents a potential turning point. The bill aims to streamline
Recently, lawmakers have initiated a joint investigation into the Securities and Exchange Commission (SEC) amid concerns that the agency may have engaged in politically motivated hiring practices. The investigation was prompted by a letter addressed to SEC Chairman Gary Gensler, signed by Judiciary Committee Chairman Jim Jordan, Financial Services Committee Chairman Patrick McHenry, and Oversight
The Law Commission of the United Kingdom (UK) Parliament recently introduced the Property (Digital Assets, etc.) Bill to bring digital holdings under the purview of the country’s legal system. This groundbreaking legislation will redefine how assets such as cryptocurrencies, non-fungible tokens (NFTs), and carbon credits are treated under English and Welsh property laws. The proposed
The Commodity Futures Trading Commission (CFTC) has recently formed partnerships with federal and private organizations to address the growing issue of crypto scams, particularly the rise of “pig butchering” schemes. These scams have resulted in significant financial losses due to a lack of awareness and understanding among consumers. The CFTC, through its Office of Customer
The US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has recently voiced her concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). These concerns were brought up after a speech by SEC Chief Accountant Paul Munter on September 9, where Munter reaffirmed the Commission’s stance on SAB 121. Despite the growing attention
The US Securities and Exchange Commission (SEC) has imposed hefty fines on crypto companies in recent years, with 2024 standing out as the most aggressive regulatory year in the agency’s history. According to a report by Social Capital Markets, the total fines levied by the regulator since 2013 have reached a staggering $7.42 billion, with
The Digital Chamber (TDC) has recently made a public statement urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than securities. This call to action comes in the wake of increased scrutiny from the Securities and Exchange Commission (SEC), particularly their enforcement actions against NFT platforms like OpenSea.