Yuichiro Tamaki Proposes Major Overhaul of Japan’s Cryptocurrency Tax Structure
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has unveiled an ambitious plan to reform the country’s cryptocurrency tax structure. This proposal, announced ahead of the upcoming elections, aims to make Japan a more…
Ripple vs. SEC: The Latest Chapter in the Ongoing Legal Battle
The legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another dramatic turn. On October 3, 2024, the SEC filed a notice of appeal against a significant ruling by Judge Analisa Torres, which partially favored…
eToro Settles with SEC: A New Chapter for Crypto Trading in the U.S.
In a significant development for the cryptocurrency market, eToro USA LLC has reached a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement involves eToro paying a $1.5 million fine and agreeing to cease trading most crypto…
Ripple’s Legal Battle with the SEC: A Continuing Saga
The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another turn as both parties have agreed to delay the $125 million settlement. This decision comes amidst rising tensions and the looming…
Celsius Sues Tether for $2.4 Billion Over Bitcoin Collateral Dispute
Amidst a tense legal dispute, Celsius Network Limited has taken legal action against Tether Limited, aiming to claim $2.4 billion in compensation. At the heart of the dispute lies the claim that Tether has breached their agreement by allegedly misusing…
U.S. Representative Tom Emmer Calls for Removal of SEC Chair Gary Gensler
U.S. Representative Tom Emmer, alongside Representative Warren Davidson, has introduced the SEC Stabilization Act, aiming to remove Gary Gensler from his position as Chair of the Securities and Exchange Commission (SEC). This legislation comes amid…
After Paxos, SEC Drops Three-Year Hiro Systems Investigation
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has concluded its three-year investigation into Hiro Systems, the developer behind the Bitcoin Layer-2 protocol Stacks, without taking any…
U.S. Court Rules Bitcoin and Ethereum as Commodities
In a landmark decision last week, an Illinois court ruled that Bitcoin and Ethereum are to be classified as digital commodities. This ruling affirms the Commodity Futures Trading Commission’s (CFTC) authority over these major cryptocurrencies, providing…
Canadian Regulator Probe Finds Liquitrade Engaged in Illegal Crypto Exchange Activities
The British Columbia Securities Commission (BCSC) has concluded a thorough investigation into Liquitrade Ltd., revealing that the company has been operating an unauthorized crypto asset trading platform, known as LATOKEN, within the province. This probe…
Michael Saylor Settles $40 Million Tax Evasion Lawsuit with Washington, D.C.
Billionaire Michael J. Saylor, co-founder of MicroStrategy, has recently made headlines for reaching a historic settlement with the District of Columbia (D.C.). The settlement resolves a tax evasion lawsuit filed by the D.C. Office of the Attorney…