Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
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US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.
US regulatory clarity has begun in court after Ripple win: CFTC commissioner
CFTC Commissioner Caroline Pham says recent court opinions around digital assets and securities are a first step to crypto regulatory clarity.
Ripple court ruling makes call for regulation ‘more compelling and more urgent’ — former CFTC chair
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP's…
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.
US Attorney’s Office announces criminal fraud charges against Alex Mashinsky
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.
CFTC case against Digitex futures exchange and CEO results in $16M court order
The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register.
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with…
Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing.
The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO
During an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who departed from the United States will only return when the government finds the "right outcome" for crypto…
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