The regulation of cryptocurrencies in the United States has proven to be complex and often contentious. Recently, Daniel Gallagher, Chief Legal Officer of Robinhood, has voiced significant concerns regarding the U.S. Securities and Exchange Commission’s (SEC) handling of the digital asset space. During a testimony before the House Financial Services Subcommittee on Digital Assets, Gallagher
Regulation
The Securities and Exchange Commission (SEC) has recently come under fire for its enforcement action against the Flyfish Club, a unique non-fungible token (NFT) collection tied to a dining experience. This action, which led to a civil penalty of $750,000 and a cease-and-desist order, has sparked significant debate among the commissioners themselves, namely Hester M.
In a significant move for the cryptocurrency sector, the DLT Science Foundation (DSF) revealed the MiCA Crypto Alliance on September 16. This collaborative effort is spearheaded by industry heavyweights—including Hedera, Ripple, and the Aptos Foundation—all of whom are united under the banner of the Markets in Crypto Assets (MiCA) regulation. The primary purpose of this
In recent years, the emergence of election prediction markets has sparked significant discourse surrounding their regulation, legality, and impact on democratic processes. Unlike traditional betting platforms, prediction markets allow participants to trade on the outcome of events, including political elections, based on their expectations of future results. The complexity of these markets, coupled with regulatory
In the ever-evolving landscape of cryptocurrency, security has emerged as one of the paramount concerns for both individuals and institutions alike. As the popularity of digital assets surges, so too does the interest of malicious actors. This potent combination has established crypto custody as a complex and high-stakes endeavor, contrasting sharply with the relatively mundane
In early 2024, Australia’s proposed Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill has sparked intense discussions among lawmakers, advocacy groups, and the public. The first reaction to the bill was an outcry from various quarters, particularly concerning the potential infringement on the right to free speech. Critics voice their fears that government regulation may
The ongoing scrutiny of cryptocurrency exchanges by the U.S. Securities and Exchange Commission (SEC) exemplifies the challenging intersection of innovation and regulation. One of the most significant developments in this narrative is the recent amended complaint filed by the SEC against Binance in the District of Columbia. This article explores the implications of the amended
In a significant shift, eToro, a well-known trading platform, has announced its decision to limit trading of digital assets to a select few, following a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). This action stems from a rigorous investigation initiated by the SEC, which since 2020 has scrutinized eToro’s operations involving
In an era marked by rapid technological advancements, Congressman John Rose has initiated a pivotal change in the regulatory framework for digital assets with the introduction of the BRIDGE Digital Assets Act. This proposed legislation aims to create a Joint Advisory Committee that would be co-managed by the Commodity Futures Trading Commission (CFTC) and the
The Property (Digital Assets, etc.) Bill introduced by the Law Commission of the UK Parliament marks a significant milestone in recognizing digital holdings as legal assets. The bill aims to include cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This legislative development is crucial as it is the first time
