Flyfish Club’s $750,000 Settlement with the SEC: An In-Depth Analysis of an Unregistered NFT Offering and Its Regulatory Consequences The Securities and Exchange Commission (SEC) announced a settlement with Flyfish Club for <$750,000> over unregistered NFT offerings. This landmark case, the first of its kind for NFTs, sheds light on the regulatory implications of non-fungible…
Ripple, Aptos, and Hedera: Triple Collaboration to Overcome MiCA Compliance Hurdles for Crypto Firms In the ever-evolving world of cryptocurrency and blockchain technology, regulatory compliance has emerged as a significant challenge for firms seeking to navigate the complex legal landscape. One of the most pressing issues currently facing the industry is the implementation of the…
A groundbreaking new bipartisan bill, introduced in the Senate on March 17, 2023, proposes an unprecedented collaboration between two major U.S financial regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The aim is to establish a cohesive regulatory framework for crypto assets, which have gained widespread adoption and value…
Google Sued: Gemini AI Service Trademark Dispute Heats Up In a significant turn of events, Gemini, an up-and-coming AI company, has filed a lawsuit against Google over the tech giant’s alleged use of a similar name for its new artificial intelligence service, “Google Gemini”. According to the complaint filed in the US District Court for…
eToro Settles with SEC: A New Chapter in US Crypto Regulations On September 29, 2021, the SEC announced that it had reached a settlement with the popular social trading and investing platform, link, over charges that the company had failed to register its crypto trading operation with the regulatory body, despite offering cryptocurrency trading services…
SEC Chair Gary Gensler Under Fire: House Republicans Investigate Political Hiring Allegations Background: Securities and Exchange Commission (SEC) Chair, Gary Gensler, has found himself in the crosshairs of House Republicans who are demanding answers regarding alleged political hiring practices within the agency. Investigation: The Republicans, led by Representative Jim Jordan of Ohio and Representative James…
Caroline Ellison’s Lawyers Argue for Leniency in FTX Case: Implications and Analysis Caroline Ellison, the former Alameda Research CEO and co-founder of FTX US, pleaded not guilty on March 15, 2023, to charges related to her role in the alleged mishandling of customer funds at Alameda and FTX. Her lawyers have now filed a leniency…
California AG Becasuse: Time to Combat Election Misinformation on Social Media and AI Platforms California Attorney General Xavier Becasuse, in a press conference held on Sept. 23, 2021, called on the tech giants – Facebook, Google, and Twitter – to take immediate action against the spread of election misinformation on their social media and ai…
SEC Chairman Gary Gensler’s Draft Speech Leaked: Decoding the Upcoming Regulatory Changes in Securities Market SEC“s Chairman, Gary Gensler, has reportedly had a draft speech leaked recently, outlining the regulatory changes that are expected to hit the securities market. The leaked speech, which was scheduled to be delivered at Columbia Law School, has caused quite…
Coinbase’s Ongoing Lobbying Battle: Wins and Losses Since its inception in 2012, Coinbase, the leading crypto-currency exchange based in San Francisco, has been actively engaging in lobbying efforts to shape regulations and policies affecting its industry. This lobbying strategy , while crucial for the company’s survival and growth, has seen both significant wins and losses….
SEC’s Crackdown on Crypto: Since the inception of cryptocurrencies, securities regulators around the world have been scrutinizing the industry for potential violations of securities laws. Among these regulatory bodies, the United States Securities and Exchange Commission (SEC) has taken a leading role in cracking down on suspected wrongdoings, imposing hefty fines totaling $7.42 billion and…
FCA Cracks Down on Crypto: Man Charged for Operating Illegal ATM Network The Financial Conduct Authority (FCA), the UK’s primary financial regulator, continues its crackdown on cryptocurrency-related activities that violate the law. In a recent development, a man has been charged for operating an illegal ATM network that allegedly dealt with bitcoin and other cryptocurrencies….
NC Senate Strikes Back: Overriding Governor’s Veto on Anti-CBDC Bill In a dramatic turn of events, the North Carolina (NC) Senate overrode Governor Roy Cooper’s veto on Senate Bill 612, also known as the “Anti-Central Bank Digital Currency (CBDC) Act.” Background on Senate Bill 612 Introduced by Senator Warren Davis (R-Rowan), the bill aimed to…
Nigeria’s SEC Takes a Stand: The Securities and Exchange Commission (SEC) of Nigeria, the country’s apex regulatory body for the capital market, has announced its intent to crack down on illegal cryptocurrency services within its borders. This decisive action comes in response to growing concerns over money laundering, terrorist financing, and fraudulent activities related to…
Google’s Antitrust Trial: Challenging Its Online Ad Dominance in the US In a landmark antitrust trial that started on September 20, 2020, the US government, led by the Department of Justice (DoJ), is taking on tech giant Google to address allegations of monopolistic practices in its online advertising business. The trial, which could potentially reshape…
South Korea’s Global Summit: Setting Boundaries for AI in Military Applications The South Korean government, in collaboration with the United Nations and other global partners, recently hosted a summit aimed at establishing ethical guidelines for the use of Artificial Intelligence (AI) in military applications. This timely and significant event comes amidst growing concerns regarding the…
CFTC’s Rejection of Kalshi’s Election Listing Application: A Closer Look Last month, the Commodity Futures Trading Commission (CFTC) dealt a significant blow to Kalshi , a digital asset market infrastructure provider, when it rejected the company’s application to list its election-related derivatives on a U.S. exchange. In a statement released on October 21, the CFTC…
The Road to Crypto Regulation in the UK: An In-depth Look into the 87% Rejection Rate for Licensing Applications Background: With the increasing popularity of cryptocurrencies and related financial products, regulatory bodies around the world have been scrambling to establish clear guidelines for their use. In the United Kingdom (UK), the Financial Conduct Authority (FCA)…
Telegram Shifts Private Chat Rules Amidst Pavel Durov’s Arrest: Implications for Users In the wake of Pavel Durov‘s recent arrest in Dubai, Telegram, the messaging app that he co-founded, has announced significant shifts in its private chat rules. These changes come as a response to the increasing scrutiny and pressure on the company and its…
Crypto’s Surprising Influence: The Unprecedented Lobbying Wave in American Politics The crypto industry has been making waves in the political landscape of the United States, with an unprecedented lobbying push that surprised many observers. In 2021 alone, the industry spent over $27 million on lobbying efforts, according to data from the Center for Responsive Politics….
