Category: Law of the Chain
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Wall Street seeks GENIUS Act edits for stablecoins USDC and USDT by 2024
Wall Street and consumer advocates urge changes to the GENIUS Act, impacting stablecoins like USDC and USDT; 2024 proposals include stricter reserve requirements.
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US Treasury adopts budget-neutral Bitcoin purchases under Bessent policy reversal
Kenneth Bessent reverses Bitcoin stance; US Treasury plans budget-neutral BTC purchases. Bitcoin rises 5% to $42,000 amid policy shift.
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US Treasury sanctions Garantex and BitRiver over $20 million cybercrime links
The US Treasury sanctioned Russian crypto firms including Garantex and BitRiver for cybercrime ties and sanctions evasion, freezing $20 million in assets.
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US Treasury sanctions Garantex again over $100M crypto transactions
The US Treasury sanctioned Garantex again, targeting $100M in illicit transactions involving BTC and ETH, marking increased regulatory scrutiny on crypto exchanges.
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OFAC sanctions Kyrgyzstan firms and stablecoins over $20M Russian sanctions breach
OFAC sanctioned 4 Kyrgyzstan firms and stablecoins for bypassing Russian sanctions, involving $20M in transactions with prohibited entities.
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SEC reviews 12 Solana ETF filings targeting Q1 2025 launch
Analysts estimate 99% approval odds for a Solana ETF, with BlackRock and VanEck leading applications. SEC reviews 12 filings, targeting Q1 2025 launch.
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Justin Sun files $10M defamation lawsuit against Bloomberg in 2024
Justin Sun sues Bloomberg for alleged defamation. Tron (TRX) founder seeks damages. Case filed in 2024 involves $10M claim. Bloomberg denies allegations.
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South Korea and Japan enforce stablecoin regulations with KRW backing and licensing in 2023
South Korea and Japan regulate stablecoins with distinct approaches. South Korea mandates KRW backing, while Japan enforces strict licensing. Stablecoin market reached $150B in 2023.
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U.S. Treasury rules out Bitcoin purchases as BTC holds at $42,000
U.S. Treasury Secretary Bessent confirms no Bitcoin purchases, citing policy concerns. Bitcoin (BTC) trades at $42,000, Ethereum (ETH) at $2,200 amid market reactions.
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Fake law firms defraud crypto scam victims of $10 million, FBI reports
FBI reports fake law firms target crypto scam victims, with losses exceeding $10 million. Bitcoin and Ethereum mentioned in rising fraud cases.
