The recent $1 billion settlement between the Texas State Securities Board and GSB Gold Standard Corporation AG, along with its affiliated entities — collectively known as the GSB Group — marks a significant moment in the ongoing saga of cryptocurrency regulations. Announced on September 9, this agreement comes on the heels of allegations concerning the
Regulation
Donald Trump’s foray into the decentralized finance (DeFi) sector with World Liberty Financial arrives at a sensitive juncture in the cryptocurrency landscape. With significant scrutiny from regulatory bodies, particularly the SEC, the journey ahead appears fraught with obstacles. This article examines the potential implications of regulation on Trump’s venture, the perceptions around the SEC’s role,
The recent settlement between Prager Metis CPAs and the U.S. Securities and Exchange Commission (SEC) represents a critical juncture in the realm of financial auditing within the cryptocurrency sector. With a hefty price tag of $1.95 million, Prager Metis has found itself amid serious allegations regarding its auditing practices of the infamous crypto exchange, FTX,
In an innovative move to enhance financial transactions, Louisiana has officially allowed its residents to use cryptocurrency for payments to state agencies. This decision, announced on September 18, marks the state’s first foray into digital currency, with the Louisiana Department of Wildlife and Fisheries leading the charge by becoming the first agency to accept Bitcoin
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
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
