legal

Last week in crypto regulation (January 27 - February 2):

1/ The meme coin launch platform Pump.fun has been hit with a class-action lawsuit accusing it of fraud.

Ask me about law |

Head of web3&crypto practice at Buzko Krasnov law firm

2/ KuCoin pleaded guilty to operating an unlicensed money transmission business in the U.S. and agreed to pay nearly $300 million in penalties.

2/ KuCoin pleaded guilty to operating an unlicensed money transmission business in the U.S. and agreed to pay nearly $300 million in penalties.
https://www.justice.gov/usao-sdny/pr/kucoin-pleads-guilty-unlicensed-money-transmission-charge-and-agrees-pay-penalties

3/ Kraken has reinstated staking services for U.S. customers after previously shutting them down due to regulatory action.

3/ Kraken has reinstated staking services for U.S. customers after previously shutting them down due to regulatory action.
https://x.com/CoinDesk/status/1884980158995538240

4/ The U.S. Senate confirmed Scott Bessent as the new Secretary of the Treasury.

4/ The U.S. Senate confirmed Scott Bessent as the new Secretary of the Treasury.
https://www.cnbc.com/2025/01/27/scott-bessent-wins-senate-confirmation-as-treasury-secretary.html

5/ ETFs:
– The SEC approved the launch of the Bitwise Bitcoin and Ethereum ETF, with an 83% BTC / 17% ETH ratio.
https://www.sec.gov/files/rules/sro/nysearca/2025/34-102310.pdf
– Bitwise filed an S-1 form with the SEC for a Dogecoin-based ETF.
https://www.sec.gov/Archives/edgar/data/2053791/000121390025007545/ea0228742-s1_bitwise.htm
– The SEC accepted for review an application by Canary Capital for a Litecoin-based ETF.
https://www.sec.gov/files/rules/sro/nasdaq/2025/34-102303.pdf

6/ LayerZero reached a settlement with FTX over Alameda Ventures transactions.
https://x.com/PrimordialAA/status/1885218237522030761?

7/ Arizona and Utah approved bills to establish state Bitcoin reserves.

7/ Arizona and Utah approved bills to establish state Bitcoin reserves.
https://x.com/Dennis_Porter_/status/1884012987515822086
https://x.com/Dennis_Porter_/status/1884383337302921335

8/ French authorities launched a criminal investigation into Binance over allegations of money laundering, tax fraud, and drug trafficking.

8/ French authorities launched a criminal investigation into Binance over allegations of money laundering, tax fraud, and drug trafficking.
https://www.reuters.com/technology/french-investigators-open-money-laundering-probe-against-crypto-platform-binance-2025-01-28/

1/ The meme coin launch platform Pump.fun has been hit with a class-action lawsuit accusing it of fraud.
https://cdn.prod.website-files.com/653c0500b1821c63d5bfc34b/679bc639ab1e1c197b450b99_PumpdotFun%20Jan%2030.pdf