Regulations
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon
Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.
Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting
Friedman LLP, a New York-based accounting firm that provided auditing services for the stablecoin issuer in 2017 is accused of “serial violations of the federal securities laws” and “improper professional conduct.”
CFTC’s Ooki DAO Action Shatters Illusion of Regulator-Proof Protocol
The action raises still-unanswered questions about who is culpable when a DAO commits a crime – will casting a vote with a governance token be seen as a smoking gun?
ECB Exploring Distributed Ledger Technology for Interbank Settlements: Panetta
A system that builds on existing interbank settlement infrastructure instead of one based entirely on DLT can be implemented "more rapidly" according to ECB executive board member Fabio Panetta.
California 'BitLicense' Bill Vetoed by Gov. Gavin Newsom
The bill would have created a crypto licensing regime and set up rules for stablecoins.
Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress
Rep. Sean Patrick Maloney, a Democrat in the House Agriculture Committee, introduced a bill to match the Senate’s earlier Stabenow-Boozman legislation
Utah Man Charged With 7 Felonies in Connection to Alleged $1.7M Crypto Mining Scam
The DOJ says James Wolfgramm gained the trust of his victims by flaunting images on his social media of digital wallets filled with millions of dollars of crypto, among other lures.
UK Introduces Law to Seize, Freeze and Recover Crypto
The Economic Crime and Corporate Transparency bill is meant to build on an earlier law that helped regulators place sanctions on Russia.
Israeli Exchange Bits of Gold Becomes First Crypto Firm to Receive Capital Markets License
The firm will now be able to work with local bank and financial institutions.
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
The Wyoming-based bank filed suit against the Federal Reserve in June, arguing that the Fed’s refusal to make a decision is unlawful and discriminatory against crypto institutions.
