Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal. The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey
As the AI wave continues to boom with new updates every day, big AI focused tech companies have voluntarily agreed with the White House on responsible AI developments. AI Companies were scheduled to meet at the White House on Friday,
As the world pushes for AI-powered growth, Britain and France are competing to take the AI crown in Europe with massive investments being poured into the development of the sector. Both countries believe they have what it takes to be
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators. The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts
Ripple’s XRP continues to rise despite a broader crypto downturn, defying the bearish trend. This boost has primarily been attributed to the outcome of Ripple vs SEC lawsuit as anticipation for a possible settlement conference grows. Following the partial ruling
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
At the National Press Club on July 17, Gensler acknowledged AI as a technology as transformative as the internet and mass automobile production but raised important questions about its potential impact on societal structures and global financial stability. The SEC
Justin Sun and his companies have found themselves on the receiving end of an SEC dragnet in a move sending shockwaves through the cryptocurrency world. Justin Sun was strongly involved in allegations announced earlier this year which involved unregistered offers
The Financial Stability Board (FSB), the swiss regulatory organization, has recently finalized a comprehensive regulatory framework for crypto-asset activities. FSB’s framework aims to promote international consistency and ensure that crypto-assets and stablecoins are subject to appropriate and comprehensive regulation, aligned
SEC has begun its extensive investigation into companies dealing in digital assets by filing a lawsuit to freeze the assets of Binance.US and suing Coinbase in the process. The two recent enforcement actions show the seriousness of the SEC in
Ron DeSantis has emerged as one of the presidential hopefuls against the issuing of Central Bank Digital Currency (CBDC) as he deems it a threat to liberty. Ron DeSantis, presidential aspirant and current governor of Florida has raised concerns over
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