Crypto custodian Prime Trust's subsidiary Banq files for bankruptcy, citing $17.72 million in assets against $5.4 million in liabilities and an unauthorized transfer of $17.5 million in assets by former officers.
Classifying crypto tokens as securities could hinder decentralization efforts, warns Bernstein in new report. Learn how regulatory uncertainty is impacting the global crypto landscape.
SEC officials debated whether to regulate Ether in 2018, according to newly released emails in Ripple's defense against an SEC lawsuit alleging the illegal sale of XRP tokens. XRP's price spiked after the emails were released.
Crypto legislation faces challenges in regulating without giving traditional securities a free pass, according to a draft bill by House Financial Services Committee Chair Patrick McHenry and Agriculture Committee Chair Glenn GT Thompson.
SEC's proposed rules on DeFi are riddled with fatal flaws and vagueness, making it a gussied up ban on blockchain in the US, according to senior counsel at ConsenSys.
FTX founder Sam Bankman-Fried's fraud proceedings could be delayed by months or years if extra charges are added, potentially pushing the trial past its October date.