Insights
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SEC Suffers Another Setback Against Ripple – Now What?
Read More: SEC Suffers Another Setback Against Ripple – Now What?On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read the case or read about it, check out our earlier article, Ripple v. SEC – Respite for a…
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DC Circuit Court of Appeals Chastises SEC for Grayscale Denial
Read More: DC Circuit Court of Appeals Chastises SEC for Grayscale DenialOn Tuesday, August 29, 2023, The U.S. Court of Appeals, District of Columbia Circuit (Court) unanimously granted Grayscale’s petition for review of the Securities Exchange Commission’s (SEC) denial of Grayscale’s Bitcoin Exchange Traded Product (Grayscale ETP) and vacated the SEC denial order. The Court chastised the SEC for its “arbitrary and capricious” treatment of Grayscale’s…
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House Financial Services Committee Advances Clarity for Payment Stablecoins Act
Read More: House Financial Services Committee Advances Clarity for Payment Stablecoins ActBackground On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would grant the Federal Reserve the power to write…
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Ripple v. SEC – Respite for a Beleaguered Industry?
Read More: Ripple v. SEC – Respite for a Beleaguered Industry?Background On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa Torres’s highly anticipated order has been touted as…
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SEC v. LBRY
Read More: SEC v. LBRYOn July 11, 2023, Judge Paul J. Barbadoro of the US District Court for the District of New Hampshire issued a final judgment in favor of the Securities Exchange Commission (SEC) in its cases against LBRY Inc., a blockchain-based content-sharing platform. After the court issued its order granting the SEC’s request for an injunction and…
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Japan Revises Crypto Tax Rules
Read More: Japan Revises Crypto Tax RulesOn June 20, Japan’s National Tax Agency (NTA) issued a notice confirming changes to the country’s corporate tax regulations. The notice confirmed that cryptocurrency issuers in the country would not be required to pay capital gains taxes on tokens they issue, or other unrealized gains if certain conditions are met. Japan’s ruling Liberal Democratic Party…