OKX CEO, Star Xu, recently issued a warning to users about the risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu reiterated that OKX
Regulation
There is speculation that Bitcoin exchange-traded funds (ETFs) in the US may soon include options features, with the potential for such additions to come as early as the third quarter or in the fourth quarter of this year. Bloomberg ETF analyst James Seyffart has mentioned that the final decision from the US Securities and Exchange
In a significant development, the District Judge Analisa Torres of the District Court of the Southern District of New York has imposed a hefty $125 million fine on Ripple. This decision comes after a four-year-long legal battle with the US Securities and Exchange Commission (SEC). The court ruling partially rejected the SEC’s demand for over
A recent bill presented in the Senate aims to enhance the investigative authority of the US Secret Service in tackling crimes related to cryptocurrencies. Led by Senator Catherine Cortez Masto and Senator Chuck Grassley, the bipartisan effort seeks to address transnational cybercriminal activities that involve digital assets. The proposed legislation intends to broaden the Secret
In an exclusive interview, Joey Garcia, the Director and Head of Regulatory Affairs at Xapo Bank, shared his extensive experience and insights into the evolution of cryptocurrency regulation. Garcia’s journey began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite initial challenges and resistance, Garcia
The Bahamas Securities Commission recently announced the passage of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) in an effort to provide regulatory clarity for the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major exchange headquartered in the Bahamas. The collapse of FTX in
Jonathan Mann and Brian L. Frye have taken legal action against the US Securities and Exchange Commission (SEC) concerning the classification of NFTs representing digital art as securities under US law. Mann, known for creating a song daily for over sixteen years, expressed his protest by writing the lyrics “This song is a security.” This
Goldman Sachs CEO David Solomon recently expressed his views on Bitcoin, stating that he believes it could “very well” serve as a store of value similar to gold. While Solomon has never been a critic of Bitcoin, he still sees it primarily as a speculative investment without a clear use case. Despite this, he acknowledged
Amid former President Donald Trump’s recent proclamation of support for digital assets and his vision of the US becoming a global crypto leader, Tron founder Justin Sun has urged China to reevaluate its stance on Bitcoin. Trump, during the Bitcoin2024 conference, expressed his commitment to ensuring that the US government does not sell the Bitcoin
Senator Cynthia Lummis has introduced a groundbreaking new legislation that proposes the creation of a Bitcoin strategic reserve for the United States. This reserve aims to accumulate at least 1 million BTC, which represents 5% of the total Bitcoin supply. The announcement of this bill came during the Bitcoin2024 conference, following a keynote speech by