Bitcoin mining firm NewRays alleges that Judge Allen Dodson and prosecuting attorney Phil Murphy selectively enforced noise legislation to target its business.
Crypto Law Articles
Ripple receives in-principle license approval in Dubai
Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE.
European blockchain sandbox onboards 41 regulators in second cohort
The European Blockchain Sandbox Initiative expands with 41 regulators and authorities from 22 countries, boosting blockchain innovation and regulatory collaboration.
Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto — Nic Carter
The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.
FTC cracks down on ‘deceptive’ AI projects, including an AI lawyer
“Operation AI Comply” is part of the US federal agency’s latest round of enforcement actions against companies it claims used AI to harm consumers.
Binance continues to serve Russian users despite 2023 exit
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
Dubai regulator tightens rules on crypto marketing
VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.
Site of CZ’s downfall and pot crypto vendors: Crypto City Guide to Seattle
Seattle’s medical marijuana vendors accept crypto, residents don’t file income tax returns here, and the Governor signed a blockchain bill.
Wallet in Telegram app temporarily blocked for UK users due to restructuring
Telegram users in the United States are also restricted from using the Wallet in Telegram app due to financial regulations.
South Korean foundation to recover funds from defunct crypto exchanges
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
Curve mulls dropping TUSD as crvUSD backing after SEC charges
The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve’s stablecoin.
DOJ sues Visa over alleged payments monopoly
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.