Crypto Regulation

Justin Sun claims First Digital Trust embezzled $500M in client funds, calling the scandal "ten times worse" than FTX. A $50M bounty has been launched to uncover proof of misconduct.
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South Korea plans penalties against major unregistered crypto exchanges like KuCoin and BitMEX, strengthening its regulatory stance to protect local investors and enforce VASP compliance.
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Kraken reports a 38.6% rise in law enforcement data requests, balancing compliance and privacy while strategizing its return to the Indian market after a regulatory ban.
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Coinbase alleges that the FDIC is withholding vital documents tied to its crypto-related regulatory practices despite court orders. The exchange vows to challenge the agency's alleged stalling tactics
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The Senate Banking Committee, led by Chairman Tim Scott, plans to form a cryptocurrency-focused subcommittee chaired by Senator Cynthia Lummis, marking a pivotal step in regulating the digital asset industry.
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Ripple CEO Brad Garlinghouse calls on VP Kamala Harris for straightforward crypto regulation, emphasizing the need for policy-driven discussions over political bias in the growing crypto debate.
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