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Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill

Buenos Aires Targets Worldcoin With Eye Scanning Biometric BillA bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill […]

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Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase

Former Binance CEO CZ:  I Will Do My Time — Crypto Industry Has Entered a New PhaseFormer Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […]

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Bitcoin.com Addresses Charges Against Early Investor and Founder Roger Ver

Bitcoin.com Addresses Charges Against Early Investor and Founder Roger VerOn April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder. Bitcoin Investor Roger Ver Charged With Tax Evasion According to […]

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Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases

Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet CasesThe recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ […]

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Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash LitigationSince the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their belief that the definition of “money transmitting” […]

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DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

DOJ Counters Motion to Dismiss Charges Against Tornado Cash DeveloperIn a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […]

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‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum RegulationsIn a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

SEC Seeks .3 Billion in Final Judgment Against Do Kwon and Terraform LabsThe U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]

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Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case

Ripple Asks Court to Reject SEC’s  Billion Penalty Request in XRP CaseRipple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to […]

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SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’

SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […]

99.6% of Pump.fun traders haven’t locked in over $10K in profits: Data