U.S. Congress Takes Major Step Toward Digital Asset Clarity with Securities Bill
Representatives Tom Emmer and Darren Soto have reintroduced bipartisan legislation to establish clear regulatory guidelines for digital assets through the Securities Clarity Act. The bill aims to differentiate between digital assets and securities contracts while maintaining consumer protections and fostering innovation.
SEC Expands Crypto Dialogue: Four New Roundtables to Shape Digital Asset Regulation
The SEC announces four additional cryptocurrency roundtables between April-June 2024, focusing on trading, custody, tokenization and DeFi. This expanded initiative under Acting Chairman Uyeda signals an evolution in the agency's approach to developing clear frameworks for digital assets.
SEC Drops Investigation into Immutable, Signaling Positive Shift for Web3 Gaming
The SEC has concluded its investigation into Australian crypto-gaming company Immutable without taking enforcement action, marking a significant win for the Web3 gaming sector. The decision follows a broader trend of decreased crypto enforcement and could unlock further investment in the rapidly growing industry.
SEC Drops Immutable Investigation: A Turning Point for Blockchain Gaming Regulation
The SEC's closure of its investigation into Immutable without charges signals a significant shift in crypto regulation under new leadership. This development, coupled with the establishment of a new Crypto Task Force, suggests a more collaborative approach to oversight in the blockchain gaming sector.
Crypto Banking Stagnation: Custodia CEO Criticizes US Government Inaction Under Trump
Custodia Bank CEO Caitlin Long criticizes the lack of progress in crypto banking regulation since Trump's return, highlighting continued restrictions and regulatory resistance. Her ETHDenver speech emphasized the need for leadership changes and stronger consumer protections in the evolving digital asset landscape.
SEC Lawsuit Against HEX Founder Dismissed Over Jurisdictional Issues
A federal judge has dismissed the SEC's $1 billion fraud case against cryptocurrency entrepreneur Richard Heart due to insufficient U.S. connections. The ruling deals a setback to regulators' efforts to police cross-border crypto activities despite Heart's alleged misappropriation of investor funds.
SEC and Tron's Justin Sun Seek 60-Day Pause to Explore Settlement
Justin Sun and the SEC have jointly requested a temporary halt in their legal battle to pursue settlement talks over allegations of unregistered securities offerings and market manipulation. The pause would delay proceedings while both parties negotiate, with several celebrities already having settled related charges.
Galaxy Digital Taps Former BlockFi CEO for Managing Director Role Despite Troubled Past
Mike Novogratz's Galaxy Digital brings Zac Prince back to crypto as managing director following his brief real estate detour. The controversial appointment comes despite Prince's previous venture BlockFi ending in bankruptcy and $100M SEC settlement.
U.S. Law Enforcement Recovers $31M from Uranium Finance Crypto Heist
U.S. authorities have successfully recovered $31 million in cryptocurrency stolen during the 2021 Uranium Finance hack, representing 62% of the total theft. The breakthrough came through joint efforts between federal agencies, with assistance from on-chain investigators tracking the hacker's attempts to obscure funds through mixers and exchanges.
SEC Drops OpenSea Investigation in Major Shift for Crypto Regulation
The SEC has ended its investigation into NFT marketplace OpenSea and dropped its Coinbase lawsuit, signaling a significant change in crypto industry oversight. These back-to-back regulatory retreats suggest a more balanced approach to digital asset regulation may be emerging.