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...
3 Post-Inauguration Lawsuits Against Musk’s Efficiency Agency Tumble Dogecoin Price
Everyone’s favourite dog-themed memecoin, Dogecoin, is down today after three lawsuits were filed within minutes of Donald Trump’s inaug...
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...
From Brokerage to Breach: Robinhood Pays Big for SEC Slip-Ups
Global financial platform Robinhood has been hit with a US $45m (AU $72m) fine after breaching more than ten securities laws, according to t...
Blockchain Groups Sue IRS Over Privacy-Invasive DeFi Reporting Rule, Citing Threats to Innovation
The Blockchain Association and the Texas Blockchain Council have filed a lawsuit against the US Internal Revenue Service (IRS), challenging ...
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...
Senator Lummis pushes forward crypto plans after Trump victory: Law Decoded
United States Senator Cynthia Lummis expressed support for President-elect Donald Trump’s proposal for a Bitcoin reserve after Trump won t...
Victoria Police Seize $142,679 in Crypto Under New Legal Framework
Victoria Police have been hard at work over the past 12 months, raking in nearly $150k worth of crypto from the wallet of criminals. This is...
Tether Reports $2.5 Billion Net Profit in Q3 from US Treasuries and Gold Gains
Criminal investigations be damned – top stablecoin Tether (USDT) has enjoyed an immense third quarter in 2024. The tokenised asset pegged ...