CRYPTO POLICY

"Cyber-criminals should heed this message: we will follow the money and hold you accountable... no matter how long it takes," said Damian Williams, the U.S. Attorney for the Southern District of New York.

The SEC issued a Wells Notice to Coinbase last month, informing the exchange that it intends to sue the platform for allegedly violating a number of investor-protection laws.

It is not clear what records the U.S. SEC would like to get from Singapore, but the Singapore Monetary Authority has in its possession the files from the defendants of the Luna Foundation Guard.

The U.S. Securities and Exchange Commission on Monday charged cryptocurrency exchange Bittrex Inc and its former CEO William Shihara with operating an unregistered national securities exchange, broker and clearing agency.

Rep. Warren Davidson said over the weekend that he plans to introduce "legislation that removes the Chairman of the Securities and Exchange Commission," noting that it would help "correct a long series of abuses."

The exchange informed its clients and customers that TRX staking will be disabled starting at 7 a.m. EDT on Thursday and delisting will commence at 8 p.m. EDT on Friday.

A recent report claimed that Vishal Gupta will remain in the cryptocurrency industry and that he left Coinbase to work on a new project, but he did not confirm any of this in his tweet and instead said he is going to "build."

State securities regulators also discovered deficiencies in Robinhood's review and approval process for margin accounts.

The Virtual Assets Regulatory Authority (VARA) in Dubai has asked Binance and other crypto platforms to provide more information about their operations.

Slamming the allegations by the CFTC a day after the lawsuit against Binance was filed, CZ said that the CEX "does not trade for profit or 'manipulate' the market under any circumstances."

Tech investor Curt Shi said that "Hong Kong will continue to have a certain degree of openness and flexibility."

Both Coinbase and Kraken have been in the crosshairs of the U.S. Securities and Exchange Commission (SEC) this year.

A new indictment charges Bankman-Fried with attempting to use more than $40 million in cryptocurrency to buy off one Chinese government official to unlock frozen funds tied to Alameda Research.

Galaxy Digital CEO's concern may have been rooted in his fear that artificial intelligence will start a "deep fake" identity problem.

How and why Bitcoin is managing to stay buoyant in this harsh environment is a mystery to many.

"The state of the U.S. financial system remains sound despite recent events," Federal Reserve Vice Chair of Supervision Michael Barr assured the public.

Kwon and Chang-joon denied allegations that they attempted to leave Montenegro using fake passports, according to a report.

"The Debtors carefully considered and analyzed the offer as set forth in the Agreement in comparison to its other options and concluded that a sale of the Interests will result in obtaining maximum value for the Interests, and is in the best interests of the Debtors' estates and creditors," a Wednesday court filing read.

The Connect to Congress campaign aims to assist crypto investors and enthusiasts to share their perspectives on cryptocurrency regulations and air their concerns with lawmakers.

If Kwon is extradited to New York, he will be facing prosecution by the same office handling a criminal case against Sam Bankman-Fried, the co-founder and former CEO of FTX.

For the SEC director, the alleged behavior of the TRON founder and that of his backer was part of an "age-old playbook to mislead and harm investors."

Although many criticized the SEC for its most recent move against a crypto company, others took the chance to gloat and hit Coinbase back.

In one of the leaked emails, Wetjen informed the FDIC chair about FTX's risk model, which was about its pending application at the CFTC, seeking to amend regulations that would foster more federally authorized crypto products.

Financial regulators and law enforcement agencies in the United States have also started investigating the collapse of Terra's so-called algorithm stablecoin.

The crypto lender has already secured court approval to sell its assets to Binance US, which, over the past weeks, has been objected to by financial regulators like the U.S. SEC and the FTC.

Coinbase said that the decision was the result of its periodic monitoring of assets, which includes assessment and subsequent review to make sure they follow the platform's listing standards.

Bankman-Fried's legal counsel requested the court through a motion to permit insurers to advance or reimburse defense costs and fees under directors and officers (D&O) insurance policies held with Beazley and Realm Insurance.

Gensler's stance on proof-of-stake crypto assets as securities received an unexpected assist when the New York Attorney General's Office filed a lawsuit against the centralized cryptocurrency exchange KuCoin.

"We would encourage you to consult with your tax or legal advisor with any questions you may have regarding tax matters and your Coinbase account activity," the company said.