Category: decrypt.co

Crypto Startups Should Be Allowed to Raise Money With NFTs, Says SEC Leadership Commissioner Hester Peirce said Friday NFTs could be the next crypto sector the agency addresses with an exemptive statement. Sander Lutz Go to decrypt.co

Ethena’s USDe Stablecoin Sales Blocked by German Regulator Over ‘Serious Deficiencies’ The German regulator stepped in to squash offerings of Ethena’s USDe stablecoin, citing “serious deficiencies in the approval procedure.” Logan Hitchcock Go to decrypt.co

Tether Engaging With ‘Big 4’ Accounting Firm on Independent Audit: Report Critics have raised questions about the stablecoin giant for not being independently audited. Mathew Di Salvo Go to decrypt.co

Australia Unveils New Crypto Regulations, Pledges Action on Debanking Australia’s Albanese Government has unveiled new crypto rules targeting exchanges and stablecoins, with plans to curb debanking. Sebastian Sinclair Go to decrypt.co

Trump Aides Look To Reform USAID With Blockchain For ‘Transparency’: Report A purported DC proposal to rename the humanitarian agency includes a plan to use blockchain for “innovation and efficiency.” Vince Dioquino Go to decrypt.co

Gotbit Founder Forfeits $23M in Crypto Market Manipulation Plea Deal The Gotbit founder’s plea agreement could result in no prison time and no additional fines beyond the forfeiture, pending court approval. Vince Dioquino Go to decrypt.co

Authorities Target Crypto Scammers Posing as Binance in Australia Through Operation Firestorm, Australian authorities disrupted a complex crypto scam impersonating Binance. Vismaya V Go to decrypt.co

Director of ’47 Ronin’ Charged With Defrauding Netflix, Misusing $11M on Crypto and Luxury Goods The filmmaker faces up to 90 years in prison for allegedly misappropriating funds meant for a Netflix sci-fi series. Vince Dioquino Go to decrypt.co

Cumberland Secures In-Principle Approval for Singapore Payment License Cumberland’s Asia unit has moved closer to offering regulated digital asset services as Singapore solidifies its role as a regional hub. Sebastian Sinclair Go to decrypt.co

SEC’s Uyeda Signals Possible Revisions to Crypto Custody Rule The SEC, under Mark Uyeda, has moved away from Gary Gensler’s tough stance on crypto, revisiting key proposals. Vismaya V Go to decrypt.co

House Bill to Build Trump’s Bitcoin Reserve Has One Major Difference A new House bill from a Trump ally would codify a federal Bitcoin Reserve—but it differs in one key way from the bill introduced in the Senate. Sander Lutz Go to decrypt.co

Wales Man Loses Appeal to Dig Out Hard Drive Holding $676 Million in Bitcoin The UK court system has issued a final ruling preventing James Howells from searching a landfill where he believes his hard drive containing the Bitcoin was dumped.  Liz Napolitano Go to decrypt.co

Vermont Drops Crypto Staking Case Against Coinbase Coinbase CLO Paul Grewal is now urging Congress to capitalize on bipartisan momentum for comprehensive crypto legislation. Vismaya V Go to decrypt.co

US Court Approves 3AC’s Bid to Expand $1.5B Claim Against FTX The ruling allows 3AC’s liquidators to pursue a much larger recovery from FTX’s bankruptcy estate, adding to the complexity of existing claims. Sebastian Sinclair Go to decrypt.co

Argentine Lawyer Calls for Arrest of Crypto Entrepreneur Tied to Libra Scandal The lawyer has asked Interpol to help arrest crypto founder Hayden Davis over the LIBRA scandal that cost investors millions. Vince Dioquino Go to decrypt.co

Coinbase to Halt Trading of Meme Coins Floki, Turbo, and Giga in New York Prices for Floki, Turbo, and Giga were little changed despite Coinbase announcing the suspension of trading on its platform in New York. Vismaya V Go to decrypt.co

Token Metrics CEO Ian Balina Says SEC to Drop Its Case Against Him The crypto personality claims the regulator will dismiss charges related to his promotion of Sparkster’s $30 million ICO in 2018. Vince Dioquino Go to decrypt.co

New Evidence Reveals Extent of South Korean Official’s Crypto Investment Fraud Authorities said the civil servant forged documents and used the mayor’s seal to open a bank account, diverting funds for crypto investments. Vismaya V Go to decrypt.co

House Passes Vote to Overturn Biden-Era DeFi Broker Rule The Bipartisan coalition voted to nullify tax reporting requirements that critics labeled as technically impossible for DeFi platforms. Vince Dioquino Go to decrypt.co

Senate Banking Committee to Vote on Bipartisan ‘Genius’ Stablecoin Bill This Week The bill seeks to establish a clear regulatory framework for stablecoins, addressing reserve requirements, audits, and licensing. Vismaya V Go to decrypt.co

Utah Legislature Passes Blockchain Bill, Drops Bitcoin Reserve Provision The removed part would have let Utah’s treasurer invest state funds in digital assets, possibly creating a state-run Bitcoin reserve. Sebastian Sinclair Go to decrypt.co

Five Key Moves in March the White House Has Made for Crypto Last week, Trump hosted crypto leaders at the White House and unveiled a Bitcoin-first strategy, vowing to “never sell.” Here’s the latest. Vince Dioquino Go to decrypt.co

Bitcoin Reserve and Digital Asset Stockpile: What’s the Difference? President Trump signed an executive order calling for the U.S. to establish two stashes of cryptocurrencies. Here’s how they compare. Liz Napolitano Go to decrypt.co

Kraken Plots Public Offering After SEC Agrees to Drop Lawsuit: Bloomberg Crypto exchange Kraken is preparing to go public next year after previous legal setbacks, according to a report. Jason Nelson Go to decrypt.co

Aide to Former Georgian PM Flees Country Amid Bitcoin Embezzlement Case Venture capitalist George Bachiashvili is on trial for allegedly embezzling investment profits from former Georgian PM Bidzina Ivanishvili. Simon Chandler Go to decrypt.co

Trump Plans to ‘Rescind and Amend’ IRS Crypto Tax Rules, Sign Stablecoin Bill By August President Donald Trump detailed how the U.S. plans to assert crypto leadership leadership during a first-ever White House crypto summit. André Beganski Go to decrypt.co

President Trump Signs Executive Order to Establish Bitcoin Reserve, Crypto Stockpile The order also seeks to provide a “full audit” of the U.S. Goverment’s digital asset holdings which is estimated to possess 200,000 bitcoin. Sebastian Sinclair,Jason Nelson Go to decrypt.co

FBI Puts $10M Bounty on Ex-Olympian Who Allegedly Laundered Drug Money With Tether If convicted, former Olympian Ryan Wedding faces life in prison for allegedly running a transnational drug syndicate that leveraged USDT. Vismaya V Go to decrypt.co

New Hampshire Bitcoin Reserve Bill Passes House Committee in Landslide Vote New Hampshire’s Bitcoin reserve bill advances, joining other states like Utah, Texas, and Arizona in exploring crypto for state finances. Vismaya V Go to decrypt.co

US Authorities Are Releasing Seized Bitcoin Mining Hardware: Reuters Seized crypto mining hardware produced by Chinese manufacturers are being released, even while more devices remain in U.S. custody. Vince Dioquino Go to decrypt.co

Trump’s Crypto Summit: What Is It, Who’s Going, and Why the ‘Crypto Council’ Fell Apart Everything you need to know about the White House crypto summit on Friday and how we got here. Sander Lutz Go to decrypt.co