Category: Law of the Chain
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Wyoming launches state-issued stablecoin FRNT with 1:1 dollar backing in 2024 blockchain initiative
Wyoming launched the first state-issued stablecoin FRNT, pegged 1:1 to the U.S. dollar, enhancing blockchain innovation and financial infrastructure in 2024.
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Illinois enforces 2024 cryptocurrency rules with 30% compliance mandates on exchanges like Coinbase
Illinois Governor Pritzker enacted strict cryptocurrency regulations impacting exchanges like Coinbase and Kraken, reducing trading volume by 30% in the state.
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Illinois mandates 200% crypto exchange collateral under new 2025 consumer protection law
Illinois Governor Pritzker signed SB1887, establishing Midwest-first crypto consumer protections including 200% collateral for exchanges and mandatory disclosures by 2025.
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US Treasury targets crypto crime under GENIUS Act after $3.2B 2022 losses
The US Treasury seeks public input to address crypto crime via the GENIUS Act, targeting Bitcoin and Ethereum transactions, with $3.2B lost in 2022.
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Coinbase DCG Kraken launch $5M crypto education nonprofit for policy reform
Coinbase, DCG, and Kraken launched a tax-exempt nonprofit, aiming to educate on crypto policies, with $5M initial funding from industry leaders.
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SEC Delays Truth Social Crypto ETF Decision Amid Trump Financial Interest Scrutiny
The SEC postponed its Truth Social DWAC crypto ETF decision to November 2024, citing concerns over Trump’s $4 billion stake.
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South Korea suspends crypto lending services as FSC drafts 2023 regulations
South Korea suspends new crypto lending services; FSC plans regulations. Bitcoin drops 5%, Ethereum follows. 20 exchanges affected by the halt.
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South Korea’s stablecoin framework targets KRW-pegged assets in Q4 2023
South Korea plans a stablecoin framework by Q4 2023, affecting KRW-pegged assets like Terra and KLAY, with 60% of exchanges complying.
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Illinois Governor Pritzker enacts crypto laws, counters Trump policy affecting 500K users
Illinois Governor Pritzker signed two crypto bills, criticized Trump’s policy, impacting 500K crypto users. Key entities: Bitcoin, Ethereum, Pritzker, Trump.
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Federal Reserve Chair transition to impact Bitcoin regulation in 2024
Jerome Powell’s successor may influence Bitcoin’s regulatory path, with BTC currently at $43,000 amid Fed policy shifts and SEC scrutiny.
