China

SEC dismisses lawsuit against billionaire Winklevoss twins-backed Gemini over Earn product

The U.S. Securities and Exchange Commission (SEC) has dismissed a lawsuit against Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, concerning its Earn product. The SEC initially filed the lawsuit in January 2023, alleging that the Earn program constituted an unregistered securities offering. The dismissal allows Gemini to proceed with its operations without the legal cloud hanging over its Earn product. This decision is seen as a positive development for the exchange and its customers, as it seeks to expand its services in the crypto market.

Read the full article: CoinDesk

FBI arrests ex-Olympian drug 'kingpin' who allegedly used crypto to move proceeds

The FBI has arrested a former Olympic athlete accused of being a drug kingpin who allegedly used cryptocurrency to facilitate the movement of drug proceeds. The individual is linked to a large-scale drug trafficking operation that reportedly involved the distribution of fentanyl and other substances. Authorities seized significant amounts of

Senate Agriculture's crypto market structure draft peppered with Democrat pitches

The Senate Agriculture Committee has released a draft proposal aimed at establishing a regulatory framework for the cryptocurrency market, which includes several provisions influenced by Democratic lawmakers. Key elements of the draft focus on consumer protection, market transparency, and the regulation of stablecoins. The proposal seeks to clarify the roles

SEC dismisses civil action against Gemini with prejudice

The U.S. Securities and Exchange Commission (SEC) has dismissed its civil action against cryptocurrency exchange Gemini with prejudice, meaning the case cannot be refiled. The SEC initially accused Gemini of offering unregistered securities through its Earn program. The dismissal follows a settlement between Gemini and the SEC regarding the

Trump-picked OCC head proceeds with consideration of WLF's bank charter

The head of the Office of the Comptroller of the Currency (OCC), appointed by former President Trump, is moving forward with the consideration of a bank charter for the Wyoming-based digital asset firm, Wyoming Financial (WLF). This decision is significant as it could pave the way for more cryptocurrency-related institutions

Read more

FBI arrests ex-Olympian drug 'kingpin' who allegedly used crypto to move proceeds

Senate Agriculture's crypto market structure draft peppered with Democrat pitches

SEC dismisses civil action against Gemini with prejudice

Trump-picked OCC head proceeds with consideration of WLF's bank charter