Bahamas to Mandate Bank Support for ‘Sand Dollar’ CBDC
The Bahamas is taking decisive steps to increase the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” Introduced in 2020, the Sand Dollar was among the first…
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Circle Set with MiCA Compliance for Stablecoins in the EU
Circle has set a precedent by becoming the first global stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. Circle’s French entity will now issue both USDC…
SEC Sues Silvergate Capital Over Alleged Fraud Linked to FTX
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation, the parent company of a crypto-friendly bank, accusing it of facilitating fraud at the now-defunct exchange…
GameStop Drops Roaring Kitty Fraud Lawsuit After Three Days
A GameStop investor who accused Keith ‘Roaring Kitty’ Gill of securities fraud has withdrawn his lawsuit just three days after filing it. The plaintiff, Martin Radev, voluntarily dismissed the complaint on June…
Hawaii’s Regulatory Sandbox for Crypto Companies Concludes Today
As of today, the state of Hawaii’s regulatory sandbox for crypto companies, the Digital Currency Innovation Lab (DCIL), has officially concluded. Consequently, digital currency businesses will no longer need a Hawaii-issued money…
SEC Delays Ethereum ETF Launch Amid Comments
The anticipated launch of U.S. spot Ether exchange-traded funds (ETFs) has been postponed due to the U.S. Securities and Exchange Commission (SEC) requiring revisions on the S-1 forms. Initially expected around July…
Court Allows Most SEC Claims to Proceed in Binance Lawsuit
In a significant legal development, a U.S. court has allowed most of the claims made by the Securities and Exchange Commission (SEC) against Binance to proceed. This decision came despite Binance’s efforts…
History Associates Joins Coinbase in FDIC Legal Battle
History Associates has partnered with Coinbase in a lawsuit against the United States Federal Deposit Insurance Corporation (FDIC) to compel compliance with a Freedom of Information Act (FOIA) request. The lawsuit, filed…
Bolivia Lifts Bitcoin Ban, Authorizes Crypto Transactions via Banks
Bolivia’s central bank, Banco Central de Bolivia, has lifted its ban on Bitcoin and other cryptocurrency payments, allowing financial entities to conduct transactions with digital assets. This regulatory shift, effective June 26,…
Coinbase Sues SEC and FDIC Over Unanswered FOIA Requests
Coinbase has initiated legal action against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for allegedly failing to comply with Freedom of Information Act (FOIA) requests.…
You are all caught up.