Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has reportedly reached a settlement in its protracted trademark infringement lawsuit against conceptual artist Ryder Ripps and his business partner Jeremy Cahen. This resolution…
src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2023/09/20230814_TheSEC_News-1200×675.jpg” alt=”SEC appoints David Woodcock as new enforcement director amid concerns over previous lead, agency’s crypto cases”> The U.S. Securities and Exchange Commission (SEC) has appointed David Woodcock as the new director of its division of enforcement. This leadership transition…
U.S. Treasury Unveils Proposed Stablecoin Regulations Under GENIUS Act The U.S. Department of the Treasury, through its Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), has proposed a new rule aimed at combating financial crime…
A recent study commissioned by the White House has indicated that the yields offered by stablecoins present a minimal risk to traditional banking sector lending. This finding contrasts with concerns voiced by banking associations and financial institutions, who have warned…
South Korea’s primary political party is reportedly moving to integrate tokenized real-world assets (RWAs) and stablecoins within the nation’s existing financial regulatory structures. This initiative aims to provide a clearer legal framework for these digital assets, which have seen increasing…
The U.S. Securities and Exchange Commission (SEC) has formally acknowledged significant shortcomings in its historical enforcement strategy concerning the cryptocurrency sector. In a recent statement, the agency identified seven specific enforcement actions, previously initiated against prominent crypto firms, which are…
Legal Scrutiny Intensifies for Crypto Mixers Federal prosecutors have contested a defense argument by Tornado Cash co-founder Roman Storm, asserting that a recent Supreme Court decision is irrelevant to the charges he faces. The legal maneuver highlights the ongoing tension…
Yesterday turned into one of those full-on trading days. I spent around 16 hours behind the screen, waiting for updates on the Trump deadline for an Iran deal while trying to trade the volatility. We started short and closed the…
The cryptocurrency market experienced a notable upswing on Tuesday evening, with Bitcoin (BTC) and Ethereum (ETH) among the top performers, following the White House’s announcement of a provisional ceasefire agreement with Iran. Bitcoin briefly surpassed the $72,700 mark, reaching its…
The Federal Deposit Insurance Corporation (FDIC) has put forth a proposed rule aimed at establishing a regulatory framework for stablecoin issuers. This initiative, which is open for public comment, aligns with federal legislation enacted last year. The FDIC’s action signifies…