Latest from Blockchain - Page 2

Last week, we reported that two crypto industry groups sued the United States Securities and Exchange Commission  seeking to strike down revisions to the dealer rule.  On April 26, 2024, Consensys Software Inc., a software developer whose business centers on the Ethereum blockchain network, brought a much more significant case when it sued the SEC

On April 17, 2024, Republican Senator Cynthia Lummis and Democratic Senator Kirsten Gillibrand introduced the bipartisan Lummis-Gillibrand Payment Stablecoin Act, which creates a clear regulatory framework for payment stablecoins that the Senators said will protect consumers, enable innovation and promote U.S. dollar dominance while preserving the dual banking system.  Heads of both the Federal Reserve and the Treasury

This blog entry focuses on Phase 2 of amendments to Singapore payments legislation.  It expanded of the scope to domestic money transfer (DMT) service, cross-border money transfer (CBMT) service and digital payment token (DPT) service.  Persons who started providing the expanded scope of services from 4 April 2024, must immediately cease providing such services, unless

BitMEX is a cryptocurrency exchange and derivative trading platform.  It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles.  HDR is an acronym of the last names of its founders, Arthur Hayes, Ben Delo, and Sam Reed. 

In 2020, Plaintiffs brought a putative class action against the founders and

On  February 29, 2024, the U.S. House of Representatives Financial Services Committee passed a resolution (H.J. Res. 109) which, if enacted, would undo the recent US Security and Exchange Commission (“SEC”) Staff Accounting Bulletin No. 121 (“SAB 121”).  It acted under the Congressional Review Act (“CRA”), which allows Congress to use their oversight authority to