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The SEC alleged thousands of investors were drawn by “fictitious promises” that Uniconi’s crypto assets were backed by real-world assets. The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC…
With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the US president and his family. After weeks of speculation among crypto enthusiasts and news outlets, Tron founder Justin Sun has claimed he owns the wallet that purchased the largest amount of Donald…
The recent vote in the Senate to move the GENIUS stablecoin framework ahead has shown glaring cracks in the Democratic coalition. US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor. On May 19, 16 Democratic senators broke from the party line to pass a motion…
India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court has questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to Indian legal news outlet LawChakra, the country’s Supreme Court expressed…
Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud. Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect…
The SEC’s sole Democratic commissioner, Caroline Crenshaw, claims the regulator’s “about-face” on crypto undermines the agency’s credibility. The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration. In May 19 remarks…
The US Senate voted 66-32 in a procedural vote to move forward the stablecoin-regulating GENIUS Act, which will head to a debate on the Senate floor. The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President…
It’s the first US-regulated investment fund holding the Cronos chain’s native token, CRO. Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a…
Several countries have announced multibillion-dollar plans to build out the world’s crypto hub, but five of the world’s financial centers stand out. Kazakhstan, the Maldives and Pakistan have recently outlined ambitions to position themselves as crypto hubs and build out their digital economies. Historically, these countries haven’t been top of mind for global crypto firms…
Dubai’s VARA has enhanced oversight across multiple virtual asset activities, standardizing key terms and aligning risk management rules to reduce ambiguity and ease compliance for VASPs. Dubai’s crypto regulator has given licensed digital asset companies until June 19 to comply with its updated activity-based Rulebooks to enhance market integrity and risk oversight. On May 19,…