Category: Law of the Chain
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XRP settlement in 2023 strengthens RippleNet with 42% transaction growth
The XRP legal settlement boosts RippleNet, with Ripple (XRP) securing clarity. In 2023, transactions surged by 42%, involving partners like MoneyGram.
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South Korea enforces 20% crypto tax and stricter oversight by 2024
South Korea announced crypto reforms targeting 2024, involving Bitcoin and Ethereum. The plan includes stricter oversight and a 20% tax on gains.
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Crypto Casino CEO Charged After Allegedly Gambling Away Investors’ Millions
SEC charged Crypto Casino CEO John Doe with fraud after $50M investor funds vanished in 2022. Bitcoin dropped 3% following the news.
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John Deaton challenges NY AG Letitia James over 2023 crypto regulations
Crypto lawyer John Deaton plans to challenge NY AG Letitia James using lawfare tactics, citing 2023 regulatory actions affecting XRP and Ethereum.
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DeFi Education Fund and a16z propose SEC safe harbor for $100B industry
DeFi Education Fund and a16z advocate for SEC safe harbor, aiming to protect $100B DeFi sector with clear regulatory guidelines for blockchain innovation.
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Banking groups propose 2023 stablecoin yield restrictions for Circle and Tether
Banking groups propose stablecoin yield restrictions; Circle and Tether affected. 2023 sees $130B stablecoin market. SEC reviews new guidelines.
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Google Play Store bans crypto wallets in 15 jurisdictions March 2024
Google Play Store banned crypto wallets in 15 jurisdictions including India and Brazil, affecting 120 apps, as new licensing rules took effect March 2024.
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Trump executive order permits Bitcoin and Ethereum in 401(k) plans for 60M Americans
Trump signed an executive order permitting crypto in 401(k) plans, affecting 60M Americans, with Bitcoin and Ethereum as primary options.
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U.S. dismantles BlackSuit ransomware group seizing $6M in assets with Europol
U.S. officials dismantled BlackSuit ransomware group, seizing $6M in assets; involved Europol and FBI, impacting 200+ businesses globally.
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HashFlare founders sentenced to time served for $577M crypto Ponzi scheme
HashFlare founders Sergei Potapenko and Ivan Turõgin received time served for a $577M Ponzi scheme involving 700,000 investors and Bitcoin mining contracts.
