Cryptocurrency Law News
SEC Withdraws Controversial SAB 121, Shifts Crypto Accounting Guidance
A widely disliked accounting rule has finally received its marching orders: the controversial SAB 121 is being axed. SEC Commissioner Hester...
TD Cowen Warns Trump’s Memecoin Could Spark Partisan Strife, Delay Crypto Legislation Efforts
Much to the surprise of pretty much everyone, President Donald Trump launched a memecoin last Friday. While waiting for his inauguration on ...
Fun No More: Law Firm Pursues Legal Action Against Pump.fun as Platform Cashes in Millions
US-based legal firm Burwick is planning to take legal action against Solana-based meme coin platform pump.fun, it announced on platform X, e...
UK Judge Rejects $1.19 Billion Bitcoin Recovery Case, Citing Unrealistic Success Odds
A decade-long legal battle over a hard drive containing £600 million (AU$1.19 billion) worth of Bitcoin has ended in defeat for James Howel...
China Tightens Grip: New Regulations to Curb Risky Crypto Trades Among Banks
China’s topsy-turvy relationship with cryptocurrency has entered a new, disheartening phase for Mainland investors. Once upon a time, the ...
End of the Line: Montenegro Extradites Terraform Co-Founder Do Kwon to the US
Montenegro has extradited Do Kwon, the former CEO of Terraform Labs, to the United States and handed over to FBI agents at Podgorica Airport...
Australian Court Fines Kraken $8 Million for Operating Unlawful Credit Facility
Global crypto exchange Kraken is in trouble with Australian regulators – to the tune of AU $8m. Kraken’s history in Australia stre...
Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025
The Czech Republic has introduced a new tax exemption law stating that crypto transactions can be excluded from personal taxation as long as...
New AUSTRAC Task Force to Combat Crypto ATM Use in Money Laundering
Australia’s financial crimes watchdog, AUSTRAC, has established an internal cryptocurrency taskforce in order to combat the growing use of...
Celsius Founder Alex Mashinsky Agrees to Plead Guilty in Crypto Fraud Case
Nearly three years on, the dust from crypto’s horror run in 2022 is starting to settle. Most will remember November 2022 – when FTX coll...
Paul Atkins Wary of SEC Chair Role, Concerned About ‘Cleaning Up’ Gensler’s Mess
Gary Gensler caused a lot of trouble during his tenure as the chair of the US Securities and Exchange Commission (SEC), so much so that not ...
‘Chill Guy’ Memecoins Iced Out By Artist’s Legal Threat
Phillip Banks, the guy behind the ‘Chill Guy’ meme — the latest viral meme to sweep the internet — is not being nearly as chill as m...