DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull
The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam…
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the…
A life after crime: What happens to crypto seized in criminal investigations?
Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate…
Tech Experts Warns US Lawmakers About Growing Crypto Lobbying Efforts
In a first such attempt to counter lobby, the technologists wrote to the US lawmakers terming cryptocurrencies as “risky, flawed, and unproven digital financial instruments.” Counter-lobby Efforts As per the…
U.S Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It “Bullying”
Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China’s digital yuan on Thursday. Sponsored Sponsored The “Defending Americans from Authoritarian Digital…
Biden’s pick for Fed vice chair for supervision calls for congressional action on stablecoins
Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve,…
California Considers Lifting Ban on Crypto Donations for Political Campaigns
California’s state regulator – Fair Political Practices Commission (FPPC) – will consider allowing the use of cryptocurrencies for political campaign donations four years after banning them. Potential Law Amendments During…
With UST’s depegging ‘LUNA-cy’ out in the open, regulators begin to get jittery
“You get regulated!” “You get regulated!” “Everybody gets regulated!” The Terra LUNA crash that led to the bleeding cryptocurrency market of $830 billion in market value has led regulators to…
CFTC commissioner appoints senior policy adviser experienced in digital asset regulation
In a Friday announcement, Pham said Keaghan Ames will be her counselor and senior policy adviser at the CFTC starting May 23. Ames worked at Credit Suisse for more than…
California governor issues blockchain executive order building on US President’s regulatory efforts
Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as…