A Pennsylvania House of Representatives member, Democratic Representative Greg Vitali, recently made a strategic move to advance an energy conservation bill by removing a proposed two-year moratorium on crypto mining permits. This decision was driven by a recognition of the…
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Celsius Lawyer Says Revival Plans Include $450M in Seed Funding
Cryptocurrency lending firm Celsius which is currently facing bankruptcy, has recently revealed a strategic blueprint for its anticipated relaunch, as reported by Bloomberg on October 2. Navigating Bankruptcy: Celsius’ Legal Landscape In the intricate dance of financial resurrection, Christopher S.…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
SEC Chair to be Removed by Legislation – Rep. Davidson
Representative Warren Davidson is planning to introduce legislation to remove the position of Chairman in the Securities Exchange Commission (SEC). He wants the position to be replaced by an executive director who reports to the board. This move is apparently…
NBA’s ‘Top Shot Moments’ NFTs may be classified as securities in Dapper Labs case
Federal judge rules NBA-branded “Top Shot Moments” NFTs from Dapper Labs could be considered securities. According to the judge, the conclusion that Dapper Labs’ offering was an investment contract under Howey is limited in scope. A class-action lawsuit was filed…
Canadian Billionaire Kevin O’Leary Reveals $15M Payment to Become FTX Spokesman
Canadian business person, Shark Tank judge, and contributor to CNBC Kevin O’Leary admits he lost a $15 million payment made to him by FTX. In an interview with CNBC, he disclosed that the now-defunct cryptocurrency exchange FTX had paid him…
FTX Founder to Appear In Congress After Congresswoman Maxine Water’s Request
The founder of FTX has said he will eventually testify before a congressional panel looking into his business. Financial Services Committee Hearing Sam Bankman-Fried responded to Rep. Maxine Waters’ request to come before the House Financial Services Committee on December…
FTX Founder Sam Bankman- Fried Could Be Looking At Jail Time, Mark Cuban Says
FTX founder Sam Bankman-Fried should be concerned about going to jail, according to Mark Cuban. The billionaire majority owner of the Dallas Mavericks also believes that cryptocurrencies are here to stay despite the FTX debacle. SBF Has Left A lasting…
US State Regulators Launch Genesis Global Capital Investigation Citing FTX-Related Contagion Fears
Genesis, a well-known cryptocurrency lender ranked among the top lenders worldwide, is reportedly being scrutinized by regulators in the state of Alabama and other US states. A thorough investigation is being conducted by the state securities department into issues related…
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet
On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…
