Regulation

Over the past seven years, the world of cryptocurrency has seen a significant increase in lobbying expenditures. A study conducted by Social Capital Markets has revealed a staggering 1,386% surge in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to an impressive $40.42 million in 2023. This data highlights a remarkable acceleration

Coinbase, Ripple, and Andreessen Horowitz (a16z) have made the strategic decision to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC). Their goal is to engage with key figures in both parties and advocate for policies that are favorable to the crypto industry. This move highlights the firms’ recognition

South Korean lawmakers have recently introduced a bill to postpone the implementation of the crypto gain tax until 2028. This decision comes as a response to the current negative sentiments surrounding the crypto industry. The ruling political party justified the delay by pointing out that the deteriorating investment sentiment towards virtual assets could lead to

Elon Musk, CTO and chairman of X, made serious allegations against the European Commission (EC) claiming that they offered an “illegal secret deal” to censor speech on the social media platform. According to Musk, the EC allegedly wanted the platform to censor speech without informing anyone in order to avoid being fined in the EU.

After more than three years of investigation, the SEC has finally closed its case on Hiro and the Stacks blockchain without recommending any enforcement action. This news comes as a significant relief to the team, marking the end of a tumultuous period in the history of the Bitcoin Layer-2 network. With STX trading at $1.7

The Securities and Exchange Commission (SEC) has officially closed its more than three-year investigation into Hiro Systems and the Stacks blockchain. This investigation, which began following the first-ever SEC-qualified offering by Stacks in 2019, has been a significant chapter in the history of the Bitcoin Layer-2 network. Despite the initial scrutiny, the SEC has ultimately

The UK Law Commission has recently published a scoping paper focusing on the legal characterization of Decentralized Autonomous Organizations (DAOs) within the country. DAOs are essentially blockchain-based communities established for a common purpose, such as investing in startups or acquiring historical artifacts. These organizations are viewed by industry observers as the next frontier in corporate

The US Securities and Exchange Commission (SEC) has recently made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has significant implications for the crypto industry and traditional financial institutions alike. The SEC’s decision allows some banks and brokerages to

The US House of Representatives recently faced a crucial decision regarding President Joe Biden’s veto of the resolution to end SEC Staff Accounting Bulletin (SAB) 121. Despite the majority support for overturning SAB 121 with 228 votes in favor, the House fell short of the two-thirds vote threshold required to override a presidential veto. According

The US Securities and Exchange Commission (SEC) recently concluded its investigation into stablecoin issuer Paxos. The investigation had been ongoing for over a year after the SEC issued a Wells notice against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. However, on July 9, Paxos received a notice of investigation termination from the SEC,