SEC Plans to Drop Enforcement Suit Against ConsenSys’ MetaMask, CEO Joe Lubin Says
The SEC accused the company’s wallet tool of being an unregistered securities broker.
Policy
U.S. House Committee Advances Effort to Erase IRS’ DeFi Tax Rule
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.
Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
SEC Drops Investigation Into Uniswap, Will Not File Enforcement Action
Uniswap celebrated the news on X, calling it a “huge win for DeFi.”
FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence.
U.S. Law Enforcement Seizes $31M in Crypto Tied to Uranium Finance Hack
Hackers made off with approximately $50 million when the automated market maker was exploited in 2021.
U.S. Marshals Service Can’t Say How Much Crypto It Holds, Complicating Bitcoin Reserve Plan
The agency has been plagued with procedural and organizational issues for years.
U.S. Senators Push for SEC to Rethink Crypto Staking in Exchange Funds
The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.
India’s Directorate of Enforcement Seizes $190M in BitConnect Fraud Case
BitConnect’s founder, Satish Kumbhani, is wanted in both India and the U.S.
Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters
An opposition lawmaker said the president should be impeached after promoting and then withdrawing his support for the token.