State of Crypto

CFTC Served Ooki DAO Papers via Online Discussion Forum
CFTC Served Ooki DAO Papers via Online Discussion Forum
The Commodity Futures Trading Commission (CFTC) used an online discussion forum to serve a lawsuit against members of Ooki DAO, a decentralized autonomous organization (DAO) t...
CFTC Served Ooki DAO Papers via Online Discussion Forum

California, New York Join 6 States Ordering Nexo to Halt Yield Product
California, New York Join 6 States Ordering Nexo to Halt Yield Product
California, New York and six other states are suing cryptocurrency lending platform Nexo for allegedly offering unregistered securities in the form of accounts that pay intere...
California, New York Join 6 States Ordering Nexo to Halt Yield Product

California Governor Gavin Newsom Vetoed 'BitLicense' Bill
California Governor Gavin Newsom Vetoed ‘BitLicense’ Bill
California Governor Gavin Newsom (D) vetoed a bill that would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money tra...
California Governor Gavin Newsom Vetoed 'BitLicense' Bill

CFTC Fines Blockchain Protocol bZeroX $250K, Files Civil Action Against Successor DAO
CFTC Fines Blockchain Protocol bZeroX $250K, Files Civil Action Against Successor DAO
The Commodity Futures Trading Commission (CFTC) has penalized blockchain software protocol bZeroX and its founders $250,000 for offering illegal, off-exchange trading of digit...
CFTC Fines Blockchain Protocol bZeroX $250K, Files Civil Action Against Successor DAO

Republican Lawmakers File Amicus Brief to Back Custodia Bank in Legal Battle With the Fed
Republican Lawmakers File Amicus Brief to Back Custodia Bank in Legal Battle With the Fed
Seven U.S. Republican lawmakers, including Sen. Cynthia Lummis (R-Wyo.), have submitted an amicus brief in support of Custodia Bank in its ongoing legal battle to get a master...
Republican Lawmakers File Amicus Brief to Back Custodia Bank in Legal Battle With the Fed

Former Washington Insider on Future of US Crypto Regulation
Former Washington Insider on Future of US Crypto Regulation
Should the Ethereum network be subject to U.S. securities law? That question is at the heart of an SEC case against crypto promoter Ian Balina. Blockchain Foundation’s Executi...
Former Washington Insider on Future of US Crypto Regulation

Treasury Wants Public Opinion on Crypto’s Role in Illicit Finance
Treasury Wants Public Opinion on Crypto’s Role in Illicit Finance
The U.S. Treasury Department wants the public, including the crypto community, to weigh in on how digital assets might be used in illegal activities and how the department sho...
Treasury Wants Public Opinion on Crypto’s Role in Illicit Finance

Rep Himes: ‘Notable Momentum’ in Washington on Crypto Regulation
Rep Himes: ‘Notable Momentum’ in Washington on Crypto Regulation
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways from his recent interview with Rep. Jim Himes (D-Conn.) about his reaction to the...
Rep Himes: ‘Notable Momentum’ in Washington on Crypto Regulation

Crypto Oversight Remains Unclear Despite Biden’s Executive Order
Crypto Oversight Remains Unclear Despite Biden’s Executive Order
The series of reports from the Treasury Department provided rather limited clarification on what the Biden administration and regulators intend to do about digital assets. Coi...
Crypto Oversight Remains Unclear Despite Biden’s Executive Order

South Korean Court Issues Arrest Warrant Against Terra Co-Founder Do Kwon
South Korean Court Issues Arrest Warrant Against Terra Co-Founder Do Kwon
A South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the financial crimes unit o...
South Korean Court Issues Arrest Warrant Against Terra Co-Founder Do Kwon