Robinhood Derivatives has sued New Jersey and Nevada regulators to stop any potential regulatory action over its sports event contracts.
Nevada News
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The crypto exchange claims it is fully regulated, and the CFTC has jurisdiction over its sports contracts, not the state of Nevada.
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The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior.
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Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.
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The CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.
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The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.
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Nevada’s business regulator issued a cease and desist order to the crypto custodian, alleging it has a “shortfall of customer funds.”
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The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said.
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CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain.
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It would seem that Mayor Hillary Schieve of Reno, Nevada is a supporter of Chainlink's blockchain oracle project.
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Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019
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A failed attempt to increase licensing obligations for Bitcoin ATMs earlier this year has returned to the spotlight.
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The CEO of Blockchains LLC bought a bank in Nevada, citing financial inclusion, running a regulatory sandbox and issuing blockchain-based banking tools as motivations.
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The University of Nevada, Reno’s Intelligent Mobility will work with blockchain firm Filament to develop an autonomous vehicle smart city project.
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Representatives from blockchain- and crypto-related companies protested a bill in a committee hearing in the Nevada State Senate.
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