In light of the ever-evolving international regulatory environment for Decentralized Autonomous Organizations (DAOs) and the limited insurance options available for contributors, Sushi DAO has proposed the creation of a $3 million USDT legal defense fund. This fund aims to cover…
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XRP Skyrockets by 25% as Investors Anticipate Positive Outcome in SEC Lawsuit Against Ripple Labs
Ripple Labs’ native token, XRP, saw a surge of over 25% on Tuesday as investors remained optimistic about the cryptocurrency’s prospects ahead of a crucial court ruling on the Securities and Exchange Commission’s (SEC) lawsuit against Ripple which has been…
Belgium Introduces New Regulations for Crypto Advertising
The Belgian Financial Services and Markets Authority (FSMA) has announced new regulations governing cryptocurrency advertising/promotions within its jurisdiction, set to take effect on May 17, 2023. The rules focus on three main aspects: According to the Belgian Official Gazette published…
Hope for the Future: Thailand-SEC Plans to Announce Regulations to Support Crypto Industry
Thailand’s Securities and Exchange Commission (SEC) has proposed new regulations that could ban cryptocurrency staking and lending. According to a report from local news outlet The Bangkok Post, the regulator has opened up a public hearing for the proposed rules,…
Bitcoin Advocates Heartbroken as SEC Disapproves VanEck’s Spot BTC Trust Product – But Hope is Not Lost!
The United States Securities and Exchange Commission (SEC) has once again disapproved a Bitcoin exchange-traded fund (ETF) proposal, this time from asset manager VanEck. The proposal sought to create the VanEck Bitcoin Trust, which would have been traded on the…
Missed Opportunity: South Dakota Governor’s Veto of Cryptocurrency Bill Deals a Blow to Innovation and Progress!
South Dakota Governor Kristi Noem has vetoed a bill that sought to exclude cryptocurrencies from the definition of “money” under state law. The bill, which was passed by the state’s legislature, aimed to clarify the legal status of cryptocurrencies and…
Reuters news is inaccurate confirms Visa’s, Head of Crypto
Yesterday Feb 28th, 2023 Reuters published an article stating “Visa, Mastercard pause crypto push in wake of industry meltdown” – sources” which was featured by Yahoo News as well. However Visa’s Head of Crypto, Cuy Sheffield confirmed on twitter that…
Banning of Cryptocurrency should still be on the table – IMF
During recent G-20 summit, Kristalina Georgieva reinstate’s her stance about banning cryptocurrency if crypto becomes a high risk asset. In an interview with Bloomberg she further states that “Crypto is not real money and not backed by anything” . IMF Managing…
Robinhood’s Crypto Business Practices Under Investigation by SEC
Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…
Dapper Labs Under Fire as Judge Determines NBA Top Shot Moments NFTs Could Be Securities
court has held that the SEC can apply securities regulations to some NFTs, including those sold on NBA Top Shot. The ruling has sparked confusion in the industry, as there is no clear definition of what constitutes a security under the law.
The recent US court ruling has raised questions on whether NFTs, like those sold on NBA Top Shot, could be considered securities and be subject to SEC regulations. Learn how this ruling has created confusion in the industry and implications for investors.