Grayscale, a crypto asset manager, has made amendments to its ETF strategy in order to comply with the cash-only redemption demands of the United States Securities and Exchange Commission (SEC). The revised filing excludes airdrops and forks, and instead focuses on facilitating fund creation and redemption using cash. This move aligns with the SEC’s preference […]
Ripple, the global payments network, has achieved a significant milestone by obtaining regulatory approval from the Central Bank of Ireland to provide crypto services in the country. This approval allows Ripple to offer digital asset services through its Irish subsidiary, Ripple Markets Ireland Limited. It also demonstrates Ripple’s commitment to regulatory compliance and its vision […]
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing years in federal prison.One of these individuals is Sam Bankman-Fried, the former CEO of crypto exchange FTX. He has been in jail since a judge […]
In a recent development, Stoner Cats 2 (SC2), the creators of the popular Stoner Cats animated series, have been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of crypto asset securities. This comes as a blow to the NFT industry, which has been gaining momentum in recent years.Stoner Cats, spearheaded […]
The legal battle between Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) has attracted significant attention in the crypto community. Attorney John Deaton, founder of Crypto Law, recently shared his perspective on the possibility of a settlement in this ongoing dispute. Deaton believes that a settlement is unlikely due to the SEC’s […]
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six weeks. If granted, this would have pushed back the presentencing interview and the sentencing hearing, both of which were […]
After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the remedies-related discovery phase will conclude, marking the end of the fact-finding process. This sets the stage […]
BlackRock, the world’s largest asset management firm, has made an amendment to its Bitcoin ETF application, appointing a third-party broker known as a ‘Prime Execution Agent’ to handle the buying and selling of Bitcoin on behalf of the fund. However, this move has raised concerns with the Securities and Exchange Commission (SEC), as the role […]
