Category: Law of the Chain
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Sweden Orders Police to Increase Seizures of Criminal Crypto Profits – Decrypt
Sweden’s Minister of Justice urges authorities to seize more criminal crypto profits under strict forfeiture laws, while some advocate for a national Bitcoin reserve using confiscated assets.
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How a $123M crypto scam in Australia laundered millions through a ‘legit’ business
Australian authorities uncovered a $123M crypto fraud involving money laundering through front businesses and cryptocurrencies, with four suspects charged after an 18-month investigation.
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Phoenix FIRE Exit Scam: $800M Crypto Project Faces Investor Fury as CEO Seeks Dismissal
Phoenix Community Capital CEO Daniel Ianello faces a lawsuit over an alleged $800M exit scam. Investors claim he dismantled the project, transferring funds and shutting down infrastructure. Ianello seeks dismissal, disputing court jurisdiction.
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Who’s winning the West’s crypto regulation race?
The article compares crypto regulation approaches in the US, EU, and UK, highlighting US momentum, EU’s MiCA framework, and UK’s cautious stance, discussing impacts on innovation and investment.
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Oregon AG Seeks to Block Coinbase Bid to Move Securities Case to Federal Court – Decrypt
Oregon AG opposes Coinbase’s move to transfer a securities lawsuit to federal court, arguing state law applies. The case uses Oregon’s broader Pratt test to classify crypto as securities.
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Hong Kong to launch stablecoin licensing regime in August
Hong Kong will launch a stablecoin licensing regime on August 1, requiring issuers to obtain HKMA approval and fully back stablecoins with liquid reserves to ensure financial stability and investor protection.
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EURAU Stablecoin Opens Adoption Floodgate as Galaxy Bets Big on Europe
Galaxy Digital’s AllUnity launches EURAU, the first MiCAR-compliant euro stablecoin, aiming to revolutionize EU finance with regulated, institutional-grade crypto infrastructure and potential $6.8T liquidity.
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US Lawmakers Plan ‘Crypto Week’ for July 14 to Tackle Major Bills
US lawmakers designate July 14 as ‘Crypto Week’ to review three key digital asset bills: CLARITY Act, Anti-CBDC Act, and GENIUS Act, aiming to establish regulatory clarity and prevent CBDC issuance.
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Phoenix FIRE investors allege exit scam, owner moves to dismiss case
Daniel Ianello, accused of an exit scam with The Phoenix crypto project, filed to dismiss a lawsuit. Investors allege he took funds and shut down smart contracts. Ianello claims no Tennessee jurisdiction.
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Judge Torres Has No More Role in XRP Vs SEC Lawsuit, Says Former SEC Lawyer
Former SEC lawyer Marc Fagel clarifies Judge Torres’ limited role in the XRP lawsuit, stating her prior order takes effect once appeals are dropped. He also dismisses rumors about the SEC meeting impacting the case.
