Tag: us regulation

CipherTrace's DeFi Compli, a new compliance oracle on Chainlink, assists DeFi projects in following OFAC sanctions and block blacklisted cryptocurrency addresses. CipherTrace to Keep DeFi Compliant DeFi Compli is targeted at helping DeFi projects be compliant with the Office of Foreign Assets Control (...

The IRS will likely gain access to records from two crypto companies, Circle and Poloniex, to root out tax evasion among U.S. investors. Circle and Poloniex Will Share Data According to the U.S. Department of Justice (DoJ), a...

In a recent filing with the U.S. Securities and Exchange Commission (SEC), Tesla has changed the official titles of its CEO Elon Musk and CFO Zack Kirkhorn. Tesla CFO Is Now "Master of Coin" Tesla, the largest electric vehicle company in the...

The SEC has issued legal notices to obtain bank records of Ripple's chairman Christian Larsen and CEO Garlinghouse, the two executives named as defendants in the ongoing lawsuit against the company. Bank Subpoenas for Ripple Execs To further its investigation in the case, the SEC has...

A Delaware court has rejected Tetragon's appeal to pull out its equity in blockchain payments firm Ripple Labs. Court Stands With Ripple The Delaware Chancery Court court denied Tetragon's appeal to redeem stock in Ripple as a result of its ongoing battle with the U.S....

Sohrab Sharma, Florida-based co-founder of cryptocurrency firm Centra, will serve eight years in connection to his leading role in a fraudulent Initial Coin Offering (ICO). Jail Time for ICO Founder The U.S. Attorney's Office of Southern District of New York confirmed in a...

Ripple's executive chairman and ex-CEO, Chris Larsen, has demanded that the SEC dismiss its lawsuit. Motion to Dismiss Ripple Lawsuit Lawyers representing the former CEO of Ripple have filed a "motion to dismiss" with the U.S. District Court for the Southern District of New York to discharge him from the ongoing...

Lawmakers in the American state of Kentucky have approved a new bill that would give sales tax breaks to cryptocurrency mining firms. Tax Breaks for Bitcoin Mining The lower house of Kentucky has approved...

New instructions from The Internal Revenue Service (IRS) say taxpayers do not need to report their crypto purchases made with the dollar. IRS Eases Investors' Tax Load The IRS has provided more clarity when answering the mandatory "Yes/No" question about "virtual currency" transactions on the personal...

President-elect Joe Biden has confirmed that he will name Gary Gensler as the next chairman of the U.S. Securities and Exchange Commission (SEC) in a new announcement. Gensler Will Become Next SEC Chair Gensler...

FinCEN has provided an additional 15 days for comment on a regulatory proposal that would require cryptocurrency exchanges to monitor self-hosted, off- exchange wallets. FinCEN's New Rule In December, FinCEN...