The Wall Street Journal’s report of alleged US federal investigations into Tether has sparked market volatility, though the stablecoin issuer strongly denies the claims as “old noise” while defending its track record of law enforcement cooperation.
Major Japanese financial institutions, including Mitsubishi UFJ Trust and Nomura Securities, have submitted proposals urging regulators to prioritize Bitcoin and Ethereum for potential cryptocurrency ETFs, citing their market stability and long-term investment potential.
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into whether Ether (ETH) is a security, marking a significant victory for Ethereum developers, technology providers, and industry participants.
Two Securities and Exchange Commission lawyers resigned after facing potential termination following a federal judge’s sanctions and sharp rebuke of the regulator for “gross abuse” of power in a crypto case against Digital Licensing Inc. (DEBT Box).
The U.S. Securities and Exchange Commission (SEC) has reportedly asked a federal judge to impose a staggering $2 billion in fines and penalties against Ripple Labs, a move that has been described as an attempt to “punish and intimidate” the blockchain firm and the wider crypto industry.
The Spanish data protection regulator, AEPD, has ordered Worldcoin to halt the collection and processing of personal data in the country for three months due to numerous privacy concerns. This move marks another setback for the controversial crypto project.
Hong Kong’s central bank will launch a sandbox allowing institutions to trial stablecoin issuances to shape future policy and licensing around pegged crypto assets.
