Author: Assad Jafri

US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase in its ongoing legal battle against the Securities and Exchange Commission (SEC), accusing the agency of exceeding its authority and undermining congressional oversight. The Wyoming Republican, a long-time advocate for crypto, described the SEC’s enforcement-driven regulatory strategy as a violation of constitutional principles…

Acting Chairman of the Commodity Futures Trading Commission (CFTC) Caroline Pham unveiled plans to launch a series of public roundtables aimed at addressing emerging challenges and opportunities in market structure and innovation. The initiative will focus on key areas such as affiliated entities, conflicts of interest…

The US Department of Justice announced on Jan. 15 that BitMEX and its parent company, HDR Global Trading Limited, have been fined $100 million for violating the Bank Secrecy Act (BSA). The firms pleaded guilty to the violations in July 2024 after a lengthy legal process…

The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments…

OpenAI has countered Elon Musk’s recent lawsuit, emphasizing that the billionaire had previously advocated for the company’s shift to a for-profit structure. Musk, one of OpenAI’s co-founders, has accused the AI company of abandoning its nonprofit roots, filing a fresh lawsuit in August after withdrawing an earlier complaint…