The recent decision by the US Supreme Court to overturn the Chevron doctrine has far-reaching implications for the regulation of cryptocurrencies, particularly in relation to the Securities and Exchange Commission (SEC) and their authority over crypto assets. Economist Timothy Peterson has highlighted that this decision will significantly limit the SEC’s interpretive power and prevent them
Regulation
Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, recently emphasized that crypto is a nonpartisan issue. According to her, crypto is not a political matter but rather a unifying one that has garnered support from both sides of the political spectrum. She highlighted the fact that voters across the US
ESMA’s proposed regulations under the Markets in Crypto Assets Regulation (MiCA) have caused significant concern within the crypto community, particularly in regards to the misinterpretation of Maximum Extractable Value (MEV). Paradigm, a key player in the industry, has raised alarms over ESMA’s characterization of MEV as a form of market abuse under the upcoming MiCA
Abra, along with CEO William “Bill” Barhydt, recently settled with 25 US state regulators for offering crypto trading services without the necessary licenses. The settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involved the regulators forgoing monetary penalties in exchange for $82 million in customer repayments. Settlement Details As part
Recently, Nigeria’s Securities and Exchange Commission (SEC) issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum was accompanied by a warning of enforcement actions against those who fail to comply. The SEC introduced the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) as part
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that has significant implications for the use of digital currencies within the state. This bill prohibits central bank digital currencies (CBDCs) and aims to protect crypto mining activities. One of the key aspects of the bill is that governing authorities are now prohibited from accepting
Coinbase, a leading cryptocurrency exchange, may soon face regulatory challenges due to its compliance with the new FASB accounting rules. These rules, which shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, have raised concerns among accounting experts. The new FASB accounting rules, agreed upon in 2023 and set
Kanav Kariya, the President of Jump Crypto, recently announced his resignation in the midst of investigations by the Commodity Futures Trading Commission (CFTC). This move has raised questions and concerns within the digital assets market, particularly regarding the future direction of Jump Crypto. Jump Crypto, a digital asset arm of the Chicago-based trading firm Jump,
Recently, Ripple, a popular cryptocurrency company, has found itself in the midst of legal turmoil. A US judge in California has approved a lawsuit against the company based on claims that its CEO, Brad Garlinghouse, made misleading statements that may have influenced investors. The lawsuit stems from a 2017 interview in which Garlinghouse discussed his
Recently, the US Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Crypto, a major player in the crypto industry. The reasons for this probe have not been disclosed, leaving many to speculate about the firm’s trading and investment activities in the crypto sector. Although the scrutiny does not suggest any misconduct on Jump