New US legislation could set out crypto pathway from security status to commodity
A new draft bill from senior House Republicans in the U.S. Congress seeks to provide a path for a digital token to go from being treated as a security to…
Tag: Regulation
US court says IRS has legal authority to access Coinbase users trading data
A federal court ruled that the IRS has the legal authority to access Coinbase users’ trading data via a “John Doe” summons, and doing so is not a violation of…
SEC settles Coinbase insider trading scheme charges with Wahi brothers
The U.S. Securities and Exchange Commission (SEC) said on May 30 that it has settled with two individuals involved in a Coinbase insider trading scheme. SEC settlement The SEC said…
Biden crypto taxes not in current US debt ceiling deal
The 99-page debt deal posted on a House committee website does not include a proposed tax on miners or language to apply wash trading rules to digital assets. The post…
CoinEx takes advantage of Hong Kong rules following US regulatory woes
CoinEx announced on May 29 that it will open a new cryptocurrency exchange for Hong Kong users that will operate under the name “BitHK.” CoinEx will operate in Hong Kong…
Binances CZ dispels FUD speculates on next big crypto trend in new interview
Binance CEO Changpeng Zhao commented on the state of the crypto industry and market during an interview with Bankless on May 29. Zhao dispels FUD First, Zhao discussed recent controversies…
Shaquille ONeal officially served in FTX classaction lawsuit at NBA game
In the latest development in the FTX class-action lawsuit, NBA legend Shaquille O'Neal was formally served during the broadcast of a Miami Heat versus Boston Celtics game.
Cathie Wood believes US Is Losing the Bitcoin race
According to Cathie Wood, the founder of investment manager ARK Invest, the United States is currently falling behind in the bitcoin movement due to its regulatory system. The post Cathie…
Binance delists popular pairs with Australian dollar due to regulatory hurdle
Binance has announced that several crypto-to-AUD (Australian dollar) spot trading pairs will be delisted on the exchange on May 26. Binance, the world’s largest centralized bitcoin (BTC) trading venue and…