News
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California’s First DFAL Crypto Enforcement: Coinme’s Case Explained
Read More: California’s First DFAL Crypto Enforcement: Coinme’s Case ExplainedOn June 25, 2025, the California DFPI enforced the Digital Financial Assets Law against Coinme, Inc. for violating transaction limits and disclosure requirements. Coinme must pay $51,700 in restitution and a $300,000 penalty while complying with new regulations. This marks increased scrutiny in the crypto sector aimed at consumer protection.
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Crypto Week: Congress Votes on Key Bills for Digital Assets
Read More: Crypto Week: Congress Votes on Key Bills for Digital AssetsAs Congress convenes “Crypto Week,” the House prepares to vote on three pivotal bills: the GENIUS Act for stablecoins, the CLARITY Act for digital asset jurisdiction, and the Anti-CBDC Surveillance State Act against a central digital dollar. These legislative efforts aim to resolve regulatory uncertainties, foster innovation, and enhance consumer protection in the crypto industry.
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CSBS Advisory on Virtual Currency and TNW Explained
Read More: CSBS Advisory on Virtual Currency and TNW ExplainedOn June 26, 2025, the Conference of State Bank Supervisors (CSBS) issued its first advisory guidance under the Money Transmission Modernization Act (MTMA), offering clarity on how virtual currency should be treated in calculating a money transmitter’s tangible net worth (TNW). The guidance is part of CSBS’s ongoing effort to promote uniform state supervision for…
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Are Tokenized Crypto Securities Still Securities?
Read More: Are Tokenized Crypto Securities Still Securities?In simple terms, tokenized securities are traditional financial assets—like stocks, bonds, or funds—represented as digital tokens on a blockchain. Instead of paper certificates or centralized databases, ownership is tracked and transferred using smart contracts and distributed ledger technology. They promise faster settlements, more transparent records, and access to global capital. But one question still lingers:…
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Trump’s Executive Order: A New Era for Blockchain in the U.S.
Read More: Trump’s Executive Order: A New Era for Blockchain in the U.S.President Trump’s executive order aims to establish the U.S. as a leader in cryptocurrency and blockchain. It emphasizes economic liberty, supports dollar-backed stablecoins, ensures fair banking access, and introduces a President’s Working Group for regulatory clarity. The order rejects central bank digital currencies, enabling a promising future for digital assets in the U.S.
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KuCoin’s $300M Guilty Plea: Key Implications for Crypto Compliance
Read More: KuCoin’s $300M Guilty Plea: Key Implications for Crypto CompliancePEKEN Global Limited, operator of KuCoin, pleaded guilty to running an unlicensed money transmitting business in the U.S., leading to nearly $300 million in fines. This reflects significant violations of U.S. AML and KYC regulations. KuCoin’s failure to implement proper protocols allowed illicit transactions, causing it to cease U.S. operations for two years.
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The Future of Digital Assets: Lummis Chairs New Subcommittee
Read More: The Future of Digital Assets: Lummis Chairs New SubcommitteeU.S. Senator Cynthia Lummis has been appointed chair of the Senate Banking Subcommittee on Digital Assets, highlighting Congress’s commitment to digital finance. The subcommittee will pursue bipartisan legislation and regulate financial agencies while promoting U.S. leadership in blockchain and cryptocurrency, aiming for a balanced approach between innovation and consumer protection.
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Crypto Regulation Revolution: SEC’s Task Force Explained
Read More: Crypto Regulation Revolution: SEC’s Task Force ExplainedIn a pivotal move that could reshape the future of digital assets, the U.S. Securities and Exchange Commission (SEC) recently announced the formation of a Crypto Task Force. This group will aim to shift the agency away from a regulation-by-enforcement approach and towards creating a more comprehensive regulatory framework for cryptocurrency—a move that many in…
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Atkins and Sacks: Pioneers of Crypto Regulation?
Read More: Atkins and Sacks: Pioneers of Crypto Regulation?Kelman Law looks into how the nomination of Atkins and the appointment of Sacks may change the regulatory landscape of crypto and digital assets.
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SEC Crypto Litigation Releases: November 2024
Read More: SEC Crypto Litigation Releases: November 2024In November, the SEC charged Eng Taing and Touzi Capital with a $115 million securities fraud, misleading investors about crypto mining and debt rehabilitation investments. Funds were misused for personal gains while false profitability claims were made. The SEC seeks penalties and a ban on Taing, reinforcing the need for compliance in crypto markets.