Regulations
FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action
The Federal Reserve has brought an enforcement action against the one-branch lender for making a foray into digital assets activities in violation of a prior agreement it made.
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
Companies such as PayPal are already halting their crypto payments services in the U.K. as a result of tighter regulations.
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
Though a sharp drop from the $4 billion originally claimed, lawyers hope it will let them get on with winding up estates.
3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator
The exchange co-founded by Kyle Davies, Su Zhu and Mark Lamb was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.
Crypto Mining Gets Its Own Lobbying Voice in Washington
Digital miners are creating the Digital Energy Council to advocate for their interests among politicians.
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
Patrick McHenry, the chairman of the House Financial Services Committee, rounded up all of his panel's Republicans to question the SEC and FINRA about the company’s unique status.
FDIC Crypto Warning Underlines U.S. Banking Agencies' Arm’s-Length Policy
The Federal Deposit Insurance Corp. formally added crypto to its annual report on risks facing U.S. banks and says it’s set for “robust” talks about digital assets with bankers.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.
