The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after being arrested and charged in Montenegro.
Law is a fundamental system of rules and regulations established by a society to govern behavior and ensure justice. In the context of cryptocurrencies, the legal landscape is intricate and continuously evolving. Cryptocurrency laws encompass regulations related to digital assets, blockchain technology and decentralized finance (DeFi).
Recent years have seen significant developments in crypto law, with governments worldwide working to establish clear guidelines for the industry. These regulations cover taxation, security regulations and Anti-Money Laundering measures. Compliance with these laws is essential for businesses and individuals operating in the crypto space, ensuring legitimacy and investor confidence.
Crypto law news plays a pivotal role in keeping stakeholders informed about changing regulations and their impact on the market. As the crypto industry matures, staying updated with the latest legal developments is crucial for navigating this innovative and complex sector.
Concerns over the potential misuse of AI have prompted the U.S., U.K., China and the G7 to speed up regulation of the technology, but Europe is already ahead.1363
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.3307
The SEC initially misled a court to freeze Debt Box’s assets, which has since been reversed, with the firm citing the incident as grounds to dismiss the suit.4364
According to the SEC, the tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual question for the jury.”2226
Crypto industry figures are backing a judge’s threat to sanction the United States securities regulator in court, while the brothers behind the Platypus Finance hack are out free.87358
The committee’s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability.4421
The Securities and Exchange Commission is suing Kraken for selling cryptocurrencies, but it looks like a recycled version of a losing lawsuit.11843
Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial.9861
At an exclusive dinner in Singapore, certain Binance executives reportedly told traders about the pending settlement with U.S. officials, allowing the exchange to stay in business.29706
The requests are increasing in number and coming from more jurisdictions every year.2613
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.2198
The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange.24551
The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits.3081
The settlement between the crypto lending firm and the FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC.7008