Category Archives: Regulation

Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

A New York judge ordered crypto exchange Bitfinex and its affiliated stablecoin issuer Tether to turn over documentation about a loan and a line of credit Tether provided to Bitfinex. Judge Joel Cohen, of the state’s Supreme Court, echoed comments from a preliminary hearing held last week in New York City in an opinion published late Thursday, ordering … Continue reading Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

The U.S. Senate Banking Committee is clearly concerned about Facebook’s new cryptocurrency project and how it is treating individuals’ financial information. The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Thursday, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy. “Last year, Facebook asked U.S. … Continue reading US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

A New Crypto ETF Has Just Been Filed With the U.S. SEC

A prospectus for a new cryptocurrency-based exchange-traded fund (ETF) has just been filed with the U.S. Securities and Exchange Commission (SEC). The application, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio of bitcoin (BTC) … Continue reading A New Crypto ETF Has Just Been Filed With the U.S. SEC

Ohio State Legislature Introduces Bill to Allow Gov’t to Implement Blockchain Solutions

A new bill introduced on April 24 in the American state of Ohio’s House of Representatives would, if passed, allow the state government and other government entities to implement blockchain solutions in the exercise of their authority. According to the official website of the Ohio state legislature, the bill, titled House Bill 220, has been sponsored by the Republican Party’s … Continue reading Ohio State Legislature Introduces Bill to Allow Gov’t to Implement Blockchain Solutions