What’s Next in SEC v. Ripple?
While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited.
Regulations
U.S. Crypto Bill Can Happen This Year, Senate’s Schumer Tells Crypto Backers of Harris
U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.
Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report
The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.
Thailand’s PM Removed, But Crypto Policies Likely to Remain ‘Largely’ Unaffected in Political Uncertainty
Thailand Prime Minister Srettha Thavisin’s shock removal from office by a court on Wednesday may not impact crypto rules in the nation, even if some policy implementations may be affected, experts told CoinDesk.
WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets
Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal.
Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project
Australia’s Securities and Investment Commission (ASIC) has sued Australia’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project was progressing to replace its aged Clearing House Electronic Subregister System (CHESS) before revealing it was failing, it announced Wednesday.
Crypto Industry Committing $12M to Dethrone Sen. Brown in Ohio, PAC Says
Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee, who has been highly critical of the digital assets sector and reluctant to embrace crypto legislation.
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Defunct cryptocurrency hedge fund Three Arrows Capital’s (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws.
IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.