Follow Frank on X. On Monday, Deputy Attorney General (DAG) Blanche published a memo entitled “Ending Regulation By Prosecution” in which he stated that the U.S. Department of Justice will stop its crackdown on bitcoin and crypto mixers. Here’s the exact language he used in the memo: “…the Justice Department will stop participating in regulation […]
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The Securities and Exchange Commission has dismissed its claim that Nova Labs, creators of Helium, sold unregistered securities. This decision confirms that Helium Hotspots and tokens like HNT, IOT, and MOBILE are not considered securities. Legal Uncertainty Removed The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its claim that Nova Labs, the
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Coinbase has filed a legal objection to the Federal Deposit Insurance Corporation’s (FDIC) latest attempt to delay the release of key documents related to the alleged debanking of crypto firms. On April 10, the exchange opposed the FDIC’s request for a 16-day extension in response to a Freedom of Information Act (FOIA) lawsuit. Paul Grewal,
Coinbase accuses FDIC of stalling crypto debanking document release Read More »
The lower chamber of the Argentine Congress approved the creation of a commission to formally investigate the involvement of government officials with Libra, the cryptocurrency shared by President Javier Milei. The group will begin its investigative work on April 23. Argentine Congress to Open Libra Probe The lower chamber of the Argentine Congress approved the
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Efforts to create state-owned Bitcoin reserves are gaining traction in the United States, with Florida and New Hampshire taking significant steps this week. On April 10, New Hampshire’s House of Representatives approved House Bill 302 (HB 302) with a narrow 192–179 vote. The bill passed the Commerce and Consumer Affairs Committee earlier and moved to
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The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a motion to hold their appeals in abeyance, citing an agreement in principle to resolve their long-standing case. The motion, submitted to the United States Court of Appeals for the Second Circuit on April 10, seeks to suspend proceedings while the parties
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OpenAI has filed a countersuit against Elon Musk, accusing the billionaire of leading a deliberate campaign to undermine the organization. The legal filing, submitted on April 9, claimed that Musk’s actions allegedly included a fake takeover bid and coordinated efforts to damage the AI firm’s reputation. According to OpenAI, these attacks intensified after ChatGPT’s massive success. The
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The U.S. Department of Justice (DOJ) has officially shut down its digital assets crime division, the National Cryptocurrency Enforcement Team (NCET), in a big policy change under President Donald Trump’s administration. This is a 180-degree change from the Biden-era approach that used enforcement to regulate digital assets. The move was announced in a four-page memo
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A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the country’s tax authority time to respond to a legal request from the exchange, according to a statement by the company’s legal counsel. Reuters reported that the Federal Inland Revenue Service (FIRS) is seeking $2 billion in back taxes
Nigerian court postpones Binance tax evasion trial to April 30 Read More »
Last month, the Treasury lifted sanctions on Tornado Cash. In response, many rekindled their calls for the Trump administration to drop the charges against Keonne Rodriguez and William Lonergan Hill, the developers of Samourai Wallet who are currently being prosecuted in the Southern District of New York. What many appear to have missed is that
Pro Crypto, Anti Privacy: Will Trump Free Samourai? Read More »
