Regulations  

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Shapeshift founder and long-time Bitcoin advocate Erik Voorhees believes that decentralized finance (DeFi) has already solved the issue of regulatory clarity barring people from possessing or trading a majority... of cryptocurrencies.

https://cryptoslate.com/crypto-og-erik-voorhees-believes-defi-has-already-solved-the-regulatory-clarity-problem-for-altcoins/
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Bitcoin and Ethereum continued their downward spiral with uncertainty expected to continue to weigh on the market. The largest coin by market cap, Bitcoin, lost 1.3% to US$26,432, while Ethereum shed 1.9% to US...$1,839.

https://www.proactiveinvestors.co.uk/companies/news/1017330/cryptocurrencies-continue-downward-spiral-following-sec-charges-1017330.html?SNAPI
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Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

https://cointelegraph.com/news/nevada...-court-approves-regulator-petition-prime-trust-receivershipShow more >

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A little less than six years after Namibia outlawed the exchange of virtual currencies, the country this week passed a crypto bill laying out a local path forward for the industry.

https://blockworks.co/...news/namibia-new-crypto-lawShow more >

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The Republic of Namibia pivots on its crypto stance by introducing a law regulating the digital asset industry, ending the country's total ban on cryptocurrencies. Last week, the Namibian government signed its ...virtual assets bill into law after outlawing cryptocurrencies almost six years ago.

https://cryptodaily.co.uk/2023/07/namibia-introduces-exchange-regulation-crypto-no-longer-outlawed
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In a seismic shift that has left the tech and financial world astir, Gary Gensler, the formidable Chairman of the Securities and Exchange Commission (SEC), is orchestrating a remarkable redirection of regulator...y focus. This startling move involves veering away from the intense scrutiny cast upon the cryptocurrency realm and, instead, shining a bright regulatory spotlight on the realm of Artificial Intelligence (AI).

https://thecurrencyanalytics.com/regulations/secs-shocking-pivot-from-cryptos-to-ai-what-it-means-for-the-futur-62540.php
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The Federal Reserve says it will expand how it oversees the crypto activities of US regulated banks.

https://blockworks.co/news/federal-reserve-crypto-oversight

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The SEC on Thursday reached a settlement with the now-bankrupt Bittrex and its former chief executive, with the company agreeing to pay the regulator $24 million.

https://blockworks.co/news/bittrex-sec-s...ettlementShow more >

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Oliver Linch, the CEO of Bittrex Global, has stated that the cryptocurrency exchange had no chance to discuss a potential enforcement action with the U.S. Securities and Exchange Commission (SEC). The SEC charg...ed Bittrex in April for operating as an unregistered exchange, broker, and clearing agency.

https://www.benzinga.com/markets/cryptocurrency/23/05/32134546/bittrex-global-ceo-calls-out-sec-says-there-was-precisely-zero-communication-with-departme?SNAPI
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The Department of Justice has instructed lawmakers with FTX-linked political donations to hand over the cash, and at least some Congressional campaigns have complied.

https://blockworks.co/news/doj-claws...-back-ftx-donationsShow more >

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Following the recent uproar in the crypto community over MetaMask's new tax clause in its terms of service, a recent update has been released to address a number of inaccuracies. Crypto portfolio tracking firm ...Accointing highlighted on Twitter that the MetaMask tax clause is only applicable to users who purchase products or services from the

https://coingape.com/?p=149151
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Crypto companies are being hamstrung by legislative inaction as much as an ill-advised policy of regulating by enforcement, BitGo CEO Mike Belshe said.

https://www.coindesk.com/consensus-magazine/2023/05.../22/us-can-get-crypto-regulations-right-if-they-act-now/Show more >

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Cryptocurrency prices nosedived Monday as the U.S. Securities and Exchange Commission (SEC) sued the crypto exchange and its chief executive for multiple federal securities law violations.

https://www.co...indesk.com/markets/2023/06/05/crypto-traders-suffer-320m-losses-in-liquidations-as-sec-lawsuit-against-binance-spurs-market-plunge/Show more >

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Economic Secretary to the Treasury Andrew Griffith reiterated the government's position that crypto should not be treated like gambling.

https://www.coindesk.com/policy/2023/06/13/uk-has-no-plans-for-cry...pto-tsar-proposed-by-some-lawmakers-minister-says/Show more >

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