Regulation

SEC Repeals Controversial Crypto Accounting Rule SAB 121

The Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin (SAB) 121, a controversial rule that required financial firms holding cryptocurrency to...

US Court Overturns Tornado Cash Sanctions

In a landmark decision for crypto privacy technologies, a U.S. court in Texas has overturned sanctions against the cryptocurrency mixing protocol Tornado Cash. The...

Crypto Firm CLS Global Pleads Guilty to Wash Trading FBI-Created Token

United Arab Emirates-based crypto services firm CLS Global has pleaded guilty to charges of market manipulation and wire fraud after assisting in the fraudulent...

SEC Forms Crypto Task Force Led by ‘Crypto Mom’ Hester Peirce

The U.S. Securities and Exchange Commission (SEC) has announced the formation of a dedicated crypto task force to craft a regulatory framework for digital...

Coinbase Lawsuit Reveals Allegations of FDIC

The Federal Deposit Insurance Corporation (FDIC) faces accusations of withholding additional crypto-related "pause letters" as part of an ongoing Freedom of Information Act (FOIA)...

SEC Sues Nova Labs for Alleged Unregistered Securities

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the company behind the Helium Network, alleging unregistered securities offerings....

Upbit Faces Suspension Notice in South Korea for KYC Violations

South Korea’s Financial Services Commission (FSC) has issued a suspension notice to Upbit, one of the country’s leading cryptocurrency exchanges, for alleged violations of...

US Law Firm Pursues Legal Action Against Solana-Based Launchpad Pump.fun

Burwick Law, a prominent US-based crypto law firm, has announced plans to pursue legal action against the Solana-based memecoin launchpad Pump.fun on behalf of...

Ripple Criticizes SEC’s Refusal to Delay Appeal Filing

Ripple executives are expressing frustration over the U.S. Securities and Exchange Commission’s decision to proceed with its appeal in the ongoing legal battle, even...

UK Treasury Confirms Crypto Staking Is Not a Collective Investment Scheme

The UK Treasury has updated its financial laws to confirm that crypto staking does not qualify as a "collective investment scheme" (CIS). The clarification,...

California Man Sues Three Asian Banks Over $1M Crypto-Fraud Scam

A California man, Ken Liem, has filed a lawsuit against three Asia-based banks, accusing them of failing to implement basic security measures that could...

IRS Temporarily Delays Crypto Cost-Basis Rule

The United States Internal Revenue Service (IRS) has announced a temporary postponement of a new rule regarding the cost-basis method for cryptocurrency sales on...