Financial Services Committee approves bill prohibiting CBDC in US
The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the House of Representatives.
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House of Lords passes bill to empower authorities to seize digital assets
The new legislation amends several acts to, among other things, insert digital asset-related definitions and mechanisms to extend existing powers to the digital asset context.
SEC v Binance battle over disclosures relating to Binance.US customer assets
In a recent filing, the U.S. securities regulator accused Binance.US—including BAM Trading and BAM Management US Holdings—of refusing to provide disclosures mandated by the court concerning its customer assets.
New York financial regulator issues new rules on listing, delisting coins
Under the New York Department of Financial Services’ new guidance, digital asset companies' boards of directors must implement and update the coin listing policy annually, and they must also review each new listing.
Cøbra appeal denied in victory for open justice
Cøbra had been successfully sued by Dr. Craig Wright for violating the latter’s copyright in the Bitcoin white paper as its author; the only matter left to decide was how much of Dr. Wright’s legal costs must be paid by Cøbra as the losing party.
Public records belong on blockchain: VX Technologies CTO Zachary Weiner testifies before Wyoming legislature
VX Technologies' Zachary Weiner urges lawmakers to take advantage of Bitcoin's data storage capabilities, noting that the technology is "more than just money" and could help address security concerns.
Craig Wright not in contempt over incomplete financial forms, US Judge Bruce Reinhart rules
Magistrate Judge Bruce Reinhart has ruled that Dr. Craig Wright is now in compliance with a court order demanding that he fill in a judgment debtor form specifying his assets, declining to issue any of the sanctions requested by plaintiff Ira Kleiman.
SEC’s Gary Gensler gets praise and criticism at Senate Banking Committee hearing
A recent hearing at the Senate Banking Committee saw Gary Gensler grilled on the SEC's track record, highlighting contrasting attitudes toward the work of the securities regulator and its Chair.
European Central Bank embraces digital euro
Fabio Panetta of the ECB claims the proposed legislation on the region's digital euro would be beneficial to European citizens while keeping the monetary policy on a tight leash to avoid instability.
Digital assets recognized as legal property in China
While whether digital assets are subject to property rights is being debated, a court in China has ruled that digital currencies are not illegal items, thereby putting them under the rule of law.
The conversation is starting to change around legal duties for blockchain developers
In March, the In Early – The Crypto Podcast hosted Crystal Blockchain Analytics Associate Director Nick Smart to discuss the Tulip Trading case and its potential impact on the digital asset industry.
BTC gains shortlived as SEC delays ETP decisions
BTC has given back almost all of the gains from Grayscale’s victory over the SEC, where a federal court ordered the securities regulator to reconsider its decision to deny a proposed spot BTC ETP.