Tom Emmer: Digital Assets Could Shape the 2024 Election
The growing role of digital assets could influence the 2024 U.S. presidential election. Republican congressman and crypto advocate Tom Emmer warns anti-crypto candidates who could face a backlash from voters who value financial privacy and freedom. Meanwhile, several candidates have already expressed their views on central bank digital currencies (CBDCs), which different camps see as […]
OneCoin Lawyer Loses Appeal for New Trial in $4B Crypto Scam
Mark Scott, a lawyer who laundered $400 million from the OneCoin cryptocurrency fraud, has failed to secure a new trial despite claiming legal errors and false testimony in his original trial. Scott was convicted of bank fraud and money laundering in 2019 for his role in the scam orchestrated by Ruja Ignatova, the fugitive “Cryptoqueen.” […]
Hong Kong Crypto Scandal Investigation Sparks Controversy
Hong Kong is embroiled in a crypto controversy concentrated on an investigation into the activities of the cryptocurrency trading platform JPEX. Not only have arrests resulted from the situation, but it has also raised questions about the efficacy of the city’s regulatory framework for digital assets. Chief Executive John Lee verified that Hong Kong’s police […]
UK to Boost Crypto Seizure Powers with New Crime Bill
The U.K. government plans to enact a new bill that will give local courts and law enforcement agencies more power to freeze and confiscate crypto assets linked to crime. The Economic Crime and Corporate Transparency Bill, expected to be finalized later this year, will remove some legal hurdles and speed up the process of targeting […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]