miaam2ps

@miaam2ps

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Australia’s finance watchdog has charged Brendan Gunn, the brother of Olympian breaker Rachael Gunn, for allegedly dealing with money suspected to be proceeds of crime while operating a fiat-to-crypto conversion company.

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She faces up to three years in federal prison, while Iza faces up to 35 years and will be sentenced on June 16.

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“The actor is simply moving funds faster than any screening service can catch. It is unrealistic to expect these blockchains to censor, including THORChain,” he added.

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At the CFTC, Goldsmith Romero helped re-establish the technology advisory committee, which was created to guide the agency in how best to respond to the crypto industry.

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The next altseason has begun, buoyed by stablecoin holders, according to Ki Young Ju, CEO of analytics service CryptoQuant.

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During Trump and Musk’s affectionate interview on Feb. 18, the duo said DOGE — and Musk himself — aim to give “tech support” to the administration, streamlining what it perceives as wasteful spending and radically restructuring federal agencies

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Just 30 days into his presidency, Trump has cherry-picked several pro-crypto executives for top regulatory roles, and he’s created the Department of Government Efficiency (DOGE), a temporary contracted organization in which Elon Musk serves as de facto leader.

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It has been one month since US President Donald Trump was sworn into office and began making sweeping and controversial changes, many of which directly affect the cryptocurrency industry.

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The exchange launched its derivatives platform in the US in 2022, bringing cryptocurrency futures — including retail-friendly nano Bitcoin and nano Ether contracts — to tens of millions of US users.

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Meanwhile, cryptocurrency derivatives products have experienced rapid growth, with volumes soaring roughly 10,950% in 2024, Coinbase said in December.

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US regulators are softening their stance on crypto oversight after Donald Trump — who has promised to turn the US into the “world’s crypto capital” — prevailed in the US elections and then started his presidential term on Jan. 20.

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“The sellers and buyers are anonymous to each other, make no exchange or promise other than the sale of the digital asset itself, and thus have no obligation or continuing commitment to each other past the point of sale,” it argued.

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Coinbase lawyers argue in the latest petition that trades on its platform are not “securities transactions but asset sales of digital assets rather than physical ones.”

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The SEC sued Coinbase in June 2023, alleging the crypto exchange was an unregistered securities exchange and alleged Coinbase hadn’t registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets.

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“Without it, market participants face different rules before different courts, and neither the Commission nor Congress can be certain who is responsible for the regulation of digital-asset trading,” Coinbase wrote.

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“This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” it said.

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In a Jan. 21 filing to the Second Circuit Court of Appeals, Coinbase said understanding if secondary market crypto transactions are investment contracts under securities laws is of “immense importance to the crypto industry.”

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Crypto exchange Coinbase asked a US appeals court to rule crypto trades are not securities in its continued fight against a Securities and Exchange Commission lawsuit.

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The record amount comprised $2.6 billion in civil monetary penalties (CMP) and $14.5 billion in disgorgement and restitution, the CFTC said on Dec. 5.

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It comes after the CFTC announced a record-breaking $17.1 billion in monetary relief for fiscal year 2024, largely driven by enforcement actions involving crypto cases.

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