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CFTC committee advances key market risk reports amid regulatory updates
Web3/Crypto

The Market Risk Advisory Committee (MRAC) convened on December 10, 2024, to advance three sets of recommendations for the U.S. Commodity Futures Trading Commission's consideration.


Tornado Cash cases prompt call for legal clarity in blockchain transparency
Web3/Crypto

The Tornado Cash sanctions and subsequent criminal prosecutions have sparked debate within the cryptocurrency sector.


Pastor charged with $5.9M fraud in alleged crypto marketing scheme
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has initiated a civil enforcement action against Francier Obando Pinillo in the U.S. District Court for the Eastern District of Washington.


CFTC schedules Market Risk Advisory Committee meeting for December 10
Web3/Crypto

CFTC Commissioner Kristin N. Johnson, who sponsors the Market Risk Advisory Committee (MRAC), has announced a public meeting scheduled for December 10, 2024.


Commissioners Mersinger and Uyeda to discuss finance regulation at Wharton forum
Web3/Crypto

CFTC Commissioner Summer K. Mersinger and SEC Commissioner Mark T. Uyeda are set to engage in a fireside chat titled "Financial Regulators Leading in the Digital Age."


Blockchain Association announces agenda for third annual policy summit
Web3/Crypto

Blockchain Association is set to host its third annual Policy Summit in Washington, D.C., on December 16-17, 2024.


Trump: 'David O. Sacks to Be White House A.I. & Crypto Czar, Leading U.S. in Innovation and Free Speech'
Web3/Crypto

Donald Trump, the 47th President-elect of the United States, has appointed David O. Sacks as the "White House A.I. & Crypto Czar."


Trump: "Digital Assets Are Crucial to Making America Greater Than Ever Before," Nominates Paul Atkins as SEC Chair
Web3/Crypto

Donald Trump, the 47th President-elect of the United States, highlighted Paul Atkins' expertise in regulation, capital markets, and digital innovation.


Federal court orders over $2 million payment for commodity pool fraud
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Southern District of Texas has issued a consent order against Marcus Todd Brisco from Hawaii.


1789 Capital Founder: Judge’s blockage of Musk’s Tesla pay package shows ‘why CBDCs are a non-starter’
Web3/Crypto

The co-founder of 1789 Capital said a Delaware judge’s blockage of Elon Musk’s Tesla pay package shows ‘why Central Bank Digital Currencies (CBDCs) are a non-starter.”


Ex-SEC commissioner Paul Atkins considered as potential successor for SEC chair
Web3/Crypto

Speculation has emerged regarding former Securities and Exchange Commission (SEC) Commissioner Paul Atkins potentially succeeding Gary Gensler as SEC Chair.


CFTC reports record $17.1 billion monetary relief for fiscal year 2024
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has announced record monetary relief of over $17.1 billion for fiscal year 2024.


Binance ranks as the leading cryptocurrency app globally in 2024
Web3/Crypto

Sensor Tower has released a report ranking Binance as the world’s leading cryptocurrency app for 2024, achieving top positions for downloads across major global markets.


Discussions on potential White House role for crypto policy
Web3/Crypto

On November 20, discussions took place regarding the establishment of a White House position to oversee cryptocurrency policy.


Bringweb3 CEO: 'we’re entering a new era' with potential 'crypto-friendly Treasury'
Web3/Crypto

Meir Zohar, founder and CEO of Bringweb3, said that advances in the Web3 industry, along with Scott Bessent's nomination as President-elect Donald Trump's Treasury Secretary, could position the U.S. as a leader in financial technology innovation.


Ripple chief legal officer: SEC's record fines are 'an indictment of oversight gone terribly wrong'
Web3/Crypto

Ripple Chief Legal Officer Stuart Alderoty has criticized the U.S. Securities and Exchange Commission's (SEC) record fines collected in 2024, describing them as indicative of inefficient oversight.


SEC enforcement record highlights $8.2 billion in penalties as crypto sector criticizes aggressive approach
Web3/Crypto

On November 22, 2024, the U.S. Securities and Exchange Commission (SEC) reported $8.2 billion in financial remedies for fiscal year 2024, the largest in its history. This total includes $4.5 billion in penalties, largely attributed to enforcement actions within the cryptocurrency sector.


Crypto advocate claims Yellen’s departure could usher in a crypto-friendly era
Web3/Crypto

U.S. Treasury Secretary Janet Yellen has announced she will step down at the end of President Joe Biden's term in January, a move that has sparked optimism in the cryptocurrency community about the potential for more favorable policies.


SEC chair candidate calls for crypto reform and innovation: 'Make the SEC Great Again'
Web3/Crypto

On November 21, Teresa Goody Guillén, an attorney and blockchain expert, used X to propose reforms for the Securities and Exchange Commission (SEC), amid speculation that she may be a candidate for SEC Chair under the incoming Trump administration.


Ripple CEO: Nominee for new Treasury Secretary is 'pro-innovation, pro-crypto'
Web3/Crypto

Ripple CEO Brad Garlinghouse expressed optimism regarding Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, suggesting that Bessent will support innovation and the digital asset industry.