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UK's FCA hints at why its given only 15% of crypto firms the regulatory nod

The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.

CFTC's Johnson urges Congress for expanded powers in crypto oversight

Johnson wants to protect customers in a way that reduces the risk of crises, and proposes a number of amendments to existing crypto regulation.

Keep an eye out for major company NFT trademark filings this year

NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.

Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil  On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the […]

SEC once again rejects ARK 21Shares Bitcoin ETF listing

Proponents of the fund had argued that a current surveillance sharing agreement with CME would be adequate to protect investors.

ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets.

Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle

The senators coauthored a letter to the Public Company Accounting Oversight Board chair asking how FTX and other crypto firms were audited and why the audits failed so badly.

Polkadot restates its case that DOT has ‘morphed’ away from security status

The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.

FTX legal team calls for Sam Bankman-Fried’s family to answer questions under oath: Report

Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX.

The legal dangers of getting involved with DAOs

Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities […]

Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023

“It’s about taking inspiration from what we’ve done.” Lugano’s Plan B hopes to drive Bitcoin adoption dialogue at future World Economic Forum conferences.

Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.

SBF allegedly used FTX money to invest $400M in obscure VC firm

SBF’s Modulo investment was likely made using misappropriated money that FTX deposits by customers, U.S. prosecutors alleged.

Breaking: Coinbase fined in the Netherlands for $3.6M

U.S.-based crypto exchange Coinbase is fined by the Dutch central bank for 3.3 million euros ($3.6 million) for the lack of registration.

Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes.

FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.

Circle denies blaming SEC for shuttered $9B plan to go public

A Jan. 25 report from the Financial Times which was widely shared characterized Circle as having "blamed" the SEC for its "jettisoned" public listing plan.

Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand.

White House science office calls for comments on its digital asset research agenda

The office's request for information is the latest piece in the massive research agenda in President Biden’s executive order on digital asset development.

Ireland's Central Bank Governor calls for ban on crypto ads targeting young adults: Report

Gabriel Makhlouf reportedly said there was an “uncomfortable” level of crypto advertisements targeting young adults.

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