CRYPTOCURRENCY
Tether Appoints Jesse Spiro as Head of Government Affairs Amid Regulatory Challenges
Tether appoints Jesse Spiro as Head of Government Affairs to strengthen regulatory relations amid U.S. scrutiny, leveraging his PayPal and Chainalysis experience.
SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors
The SFC has commenced legal proceedings against SoftMedx Healthcare Limited and its former directors for alleged regulatory violations.
Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More
A summary of recent regulatory actions and legal developments impacting the global crypto industry, for the period May 5 – May 20, 2024.
Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown
HKVAEX, a Hong Kong-based cryptocurrency exchange, has initiated a phased suspension of their services, leading to a complete shutdown by May 1, 2024.
Hong Kong's 2024 Budget Introduces 'Regulatory Sandbox' for Stablecoin Testing
Hong Kong to launch a 'regulatory sandbox' for testing stablecoin issuance and business models, as outlined in the city's 2024 budget plan.
Sean Patrick Maloney's OECD Role Amidst Crypto Advisory Background
Sean Patrick Maloney, after serving in the U.S. House and on Coinbase's Advisory Council, faces scrutiny over potential conflicts in his OECD ambassador role, signaling a pivotal moment for crypto regulation.
SEC's Gag Rule Faces Criticism: Commissioner Hester Peirce Calls for Reform
SEC Commissioner Hester Peirce has publicly disagreed with the agency's refusal to amend the 1972 gag rule, raising concerns over its impact on free speech and regulatory integrity. The rule, which prevents defendants from criticizing SEC allegations post-settlement, is being challenged for its constitutional implications.
ACE Exchange President Michael Wang Arrested
Michael Wang, President of ACE Exchange, was recently arrested on charges of fraud and money laundering, marking a significant event in the cryptocurrency industry.
Hong Kong's VSFG Set to Pioneer Spot Bitcoin ETF in Q1 2024
Hong Kong's VSFG is set to launch a spot Bitcoin ETF in Q1 2024, aiming for $500 million in assets. This aligns with Hong Kong's regulatory shift towards cryptocurrency and its ambition to become a digital asset hub.
BlackRock Has No Plans for XRP ETF
BlackRock Inc., the world's largest asset manager, halts its plans for a spot XRP ETF due to ongoing regulatory uncertainties and concerns over XRP's legal status in the midst of the Ripple vs. SEC case.