Crypto Regulation News Archives - Page 5 of 7

Senate Votes 66-32 to Advance GENIUS Act, Marking Progress in Stablecoin Regulation

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The Senate made big progress on stablecoin regulation Monday, advancing the GENIUS Act with a bipartisan vote of 66-32. This bill, which would regulate stablecoins for the first time at the federal level, marks a key step toward establishing comprehensive oversight for digital currencies pegged to fiat currencies, like the US dollar. The vote to […]

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Cardano Audit Probes 0M ADA Gap – Was Treasury Looted?

Cardano Audit Probes $600M ADA Gap – Was Treasury Looted?

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Key Takeaways: Artist Masato Alexander claims that a 2021 hard fork allowed Cardano’s team to move 318M ADA from presale wallets to reserves. Intersect confirms it received only $7M, far short of the $619M in question. The controversy rekindles old doubts about Cardano’s early token distribution and governance mechanisms. The Cardano Foundation is preparing to

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Coinbase Faces Multiple Lawsuits Over Bribed Support Agents and User Data Leak

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Coinbase is under mounting legal pressure following its recent disclosure of a significant data breach. The breach exposed sensitive personal information of its users after cybercriminals bribed overseas support staff. @Coinbase has disclosed a data breach involving a small subset of customer information.#Coinbase #DataBreach https://t.co/qfBEmf3Cc0 — Cryptonews.com (@cryptonews) May 15, 2025 Between May 15 and

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Judge Torres Shatters SEC-Ripple Pact, Sparking Crypto Regulation Turmoil

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“Procedurally improper,” Judge Analisa Torres declared, as she tossed the SEC and Ripple’s settlement motion and kept their legal showdown alive, according to a May 15 filing in the U.S. District Court for the Southern District of New York. Judge Claims Crypto Filing Is Procedurally Improper The decision comes just over a week after both

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DOJ Busts Crypto Ring: 3M RICO Scam Fueled Supercars, 0K Parties

DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties

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A dozen Americans and foreign nationals have been charged by the U.S. Department of Justice (DOJ) this week for engaging in an online racketeering conspiracy that saw $263 million worth of cryptocurrency netted in the crime scheme, as stated in a May 15 press release. Feds Say Fraudsters Swindled Millions in Crypto According to the

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Blockchain Association Chooses CFTC’s Summer Mersinger to Lead High-Stakes Crypto Lobbying

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Washington’s crypto playbook flipped on May 14 when Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger agreed to helm the Blockchain Association, leaving the regulator for the industry’s most influential trade group. Summer Mersinger to Leave CFTC According to a post published on the Blockchain Association’s official X account, Mersinger will leave her position at

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CryptoQuant: South Korea’s Three Presidential Front-Runners Embrace Crypto – Policy Shift Ahead?

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In a historic shift for South Korea’s political and financial scene, all three major presidential candidates in the upcoming June 3 election have declared support for Bitcoin exchange-traded funds (ETFs) and institutional investment in virtual assets, according to a report by Yonhap News Agency cited by CryptoQuant. All three major South Korean presidential candidates support

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Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation?

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Key Takeaways: By establishing a dedicated Digital Asset Committee, the Democratic Party is making crypto regulation a defining issue in South Korea’s upcoming presidential election. The committee includes academics, industry experts, and exchange representatives, showing a rare blend of government and private sector input in shaping national digital asset laws. With ambitions to place the

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Paul Atkins Vows Clear Crypto Regime, Ending SEC ‘Enforcement-Only’ Era

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U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins doubled down on his commitment to enacting a clear crypto regulatory framework during a roundtable hosted by the agency on May 12. Paul Atkins Reaffirms Crypto Regulation Clarity Titled “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet,” the event saw key players in the crypto

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BitGo Wins EU MiCA License – Can It Outrun Europe’s Top Crypto Custodians?

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Key Takeaways: BitGo now competes directly with EU’s top crypto custodians. Europe hosts twice as many crypto banks as North America. US crypto banking stalls despite political support. Germany’s top financial watchdog, BaFin (the Federal Financial Supervisory Authority), approved a Markets in Crypto-Assets (MiCA) license for BitGo on May 12, unlocking crypto services across all

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