Category: Law of the Chain
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Wyoming launches FRNT, the first state-issued US dollar-backed stablecoin in 2023
Wyoming launched FRNT, the first US state-issued stablecoin, backed 1:1 by US dollars and managed by the Wyoming Stable Token Commission.
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Google suspends Jack Dorsey’s Bitchat app from Play Store on 15 for policy violations
Google suspended Jack Dorsey’s Bitchat app from Play Store on May 15, citing policy violations, affecting 500,000 users and Bitcoin integration.
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Banking lobby opposes stablecoins and GENIUS Act over 2025 financial stability risks
The banking lobby opposes stablecoins and the GENIUS Act, citing risks to financial stability and potential $2 trillion market disruption by 2025.
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Illinois enacts 15 cryptocurrency compliance rules in 2024 following Governor Pritzker’s signing.
Illinois Governor Pritzker criticized Trump supporters like Elon Musk and endorsed Bitcoin regulation, signing a bill with 15 new compliance rules for 2024.
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WazirX restructuring plan approved by 95% of creditors, awaits court validation for implementation.
WazirX restructuring plan secured 95% creditor approval involving Binance and awaits final court ruling on the proposed debt resolution framework.
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Spanish DeFi investor receives $10.5 million tax bill for crypto loan involving ETH
Spanish tax authorities imposed a $10.5 million levy on a DeFi investor for crypto loans involving ETH and BTC, marking a significant regulatory enforcement.
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Wyoming issues first state-backed stablecoin with $10 million reserve under 2023 legislation
Wyoming launched the first state-issued stablecoin backed 1:1 by U.S. dollars, with $10 million initial issuance managed by the Wyoming Stable Token Commission.
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SEC delays five Bitcoin ETF proposals from BlackRock and Fidelity in 2023 decision
SEC delays five Bitcoin ETF proposals from BlackRock, Fidelity, and ARK Invest, affecting over $10 billion in potential assets under management.
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Tether hires former White House adviser Bo Hines for US regulatory expansion in 2024
Tether hired former White House adviser Bo Hines to expand US operations, focusing on regulatory engagement and policy advocacy for USDT and Bitcoin.
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Federal Reserve reports $150B stablecoins threaten traditional banking deposits and payment systems in 2024
Stablecoins like USDT and USDC hold $150 billion, threatening traditional bank deposits and payment systems according to Federal Reserve analysis.
