Tag: law

U.S. senators including Elizabeth Warren and Bernie Sanders claimed crypto tax evaders are siphoning off billions from the government. A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.” In an Aug. 1 letter, Democratic Senators…

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration —  with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the…

Brad Garlinghouse has lashed out at the SEC for its “absurd” comments on the Ripple Labs case. Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple. In a July 23 tweet, Garlinghouse slammed the regulator for…

The Securities and Exchange Commission should recognize it’s time to settle its cases against Coinbase and Ripple Labs. In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time…

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle. On July 13, Jeremy Allaire appeared…

Bittrex has aligned its arguments closely with those made by Coinbase. Cryptocurrency exchange Bittrex has submitted a motion to dismiss in its legal dispute with the United States Securities and Exchange Commission (SEC). In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly granted…