New York, April 2025: A proposed federal law designed to bring regulatory clarity to stablecoins is facing intense scrutiny and backlash from state law enforcement. The stablecoin law, formally known as the Generative Economic Nexus for Internet Usability and Stability (GENIUS) Act, is under fire for what the New York Attorney General’s office describes as […]
Washington D.C., April 2025: A pivotal piece of legislation designed to bring long-awaited legal structure to the United States cryptocurrency sector faces a significant roadblock. According to a new analysis from global financial giant Citibank, the progress of the Crypto-Asset Market Structure Bill, known as the CLARITY Act, is slowing considerably. While seen as a […]
Seoul, South Korea, January 30, 2025: South Korea’s National Assembly has passed a groundbreaking amendment that will fundamentally change how cryptocurrency firms operate within its jurisdiction. The new legislation requires virtual asset service providers (VASPs) to conduct criminal background checks on their major shareholders, marking one of the most significant regulatory developments in Asia’s cryptocurrency […]
WASHINGTON, D.C., April 2025 – In a definitive move underscoring the maturation of digital asset oversight, the U.S. Commodity Futures Trading Commission (CFTC) has appointed Michael Passalacqua, a seasoned lawyer specializing in cryptocurrency and blockchain litigation, as one of its two senior counsels. This appointment, first reported by Cointelegraph, represents a significant strategic investment by […]
In Seoul, South Korea, a leading law firm has issued a stark warning about the precarious legal landscape for stablecoins, highlighting significant regulatory gaps just months before the country implements pivotal new digital asset laws. Bae, Kim & Lee LLC, one of South Korea’s most prominent legal practices, has meticulously outlined a series of unresolved […]
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