In a recent statement to CryptoSlate, stablecoin issuer Tether announced that they would be freezing any addresses associated with sanctioned entities. This decision was made in response to reports suggesting that certain state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for the company emphasized Tether’s commitment to complying with the
Regulation
Recently, the Blockchain Association and Crypto Freedom Alliance of Texas made headlines for taking legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC’s sanctioning of a rule that redefines the parameters for what constitutes a “dealer” of securities. According to the groups, this action was deemed “arbitrary and
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has put forth a proposal to establish independent self-regulatory organizations (SRO). The initiative aims to enhance the regulatory landscape, support innovation, and ensure security within the burgeoning field. The HKSFPA emphasizes the
Amidst a legal case against the crypto firm DEBT Box, two lead SEC lawyers, Michael Welsh and Joseph Watkins, have recently resigned. These resignations came after controversies surrounding inaccuracies presented in court to obtain a temporary restraining order and asset freeze against the company. The handling of the DEBT Box case has raised serious questions
The MiCA regulation, which stands for Markets in Crypto-Assets, is a significant development in the crypto industry. Set to reshape the landscape of crypto markets in the European Union (EU), MiCA is designed to bring clarity and security to the market while ensuring the protection of investors and consumers. As the deadline for compliance approaches,
The recent filing of an amended complaint by the US SEC against Justin Sun and other defendants on April 18 raises questions about the jurisdictional basis for pursuing legal action. The SEC argues that Sun’s alleged visits to the US should grant it the necessary jurisdiction to proceed with the case. The regulator claims that
A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has caused a stir within the crypto industry. The proposed ban on algorithmic stablecoins outlined in the Lummis-Gillibrand Payment Stablecoin Act has been met with criticism and concern from various experts and industry insiders. Former Blockchain Association member Jake Chervinsky labeled the
The provincial government of Buenos Aires has taken a decisive step by formally accusing Worldcoin of violating consumer laws through what it deems as “abusive clauses” in its user agreement. This move highlights the government’s commitment to protecting consumers from unfair practices by tech companies operating in the region. The allegation that Worldcoin can interrupt
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer suggest that action on stablecoin legislation may be imminent. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer to deliberate on the regulatory clarity needed in the area of financial technology. According to reports, there is a possibility that
In the realm of blockchain technology, the question of whether to reveal or not to reveal data is becoming increasingly complex. While the core principles of transparency and immutability are fundamental to the blockchain’s design, there is a growing concern regarding the control of personal data. It seems that a delicate balance must be struck
