Law & Policy

Last week in crypto regulation (December 9–15):

1/ Cryptocurrency exchange BiT Global Digital Limited filed a $1 billion lawsuit against Coinbase, accusing the platform of deliberately delisting the wBTC token.

Ask me about law |

Head of web3&crypto practice at Buzko Krasnov law firm

1/ Cryptocurrency exchange BiT Global Digital Limited filed a $1 billion lawsuit against Coinbase, accusing the platform of deliberately delisting the wBTC token.
https://kneuppercovey.com/wp-content/uploads/2024/12/Filed-Complaint.pdf

2/ A man in the U.S. was sentenced to two years in prison for failing to pay capital gains tax on $3.7 million in Bitcoin sales. This marks the first criminal tax evasion case involving cryptocurrency in the U.S.
https://www.justice.gov/opa/pr/early-bitcoin-investor-sentenced-filing-tax-returns-falsely-reported-his-cryptocurrency

3/ Nasdaq announced that MicroStrategy will join the Nasdaq-100 index starting December 23, 2024.
https://www.globenewswire.com/news-release/2024/12/14/2997099/6948/en/Annual-Changes-to-the-Nasdaq-100-Index.html

This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.

Brad Garlinghouse

4/ NYDFS approved Ripple Labs’ RLUSD stablecoin.
https://x.com/bgarlinghouse/status/1866571228464460215

5/ Coinbase delisted USDT, PAX, PYUSD, GUSD, GYEN, and DAI for its European division due to MiCA compliance.

5/ Coinbase delisted USDT, PAX, PYUSD, GUSD, GYEN, and DAI for its European division due to MiCA compliance.
https://x.com/AlgoFoundation/status/1866864413858234730

6/ Belgium, Italy, Poland, Portugal, Luxembourg, and Romania are struggling to align their legislation with the Markets in Crypto Assets (MiCA) regulation.

6/ Belgium, Italy, Poland, Portugal, Luxembourg, and Romania are struggling to align their legislation with the Markets in Crypto Assets (MiCA) regulation.
https://www.coindesk.com/policy/2024/12/10/eu-countries-struggle-to-implement-mi-ca-as-deadline-for-crypto-regulatory-revamp-looms

7/ Polish police arrested former WEX (BTC-e) CEO Dmitry Vasiliev in Warsaw at the request of the U.S. DOJ.

7/ Polish police arrested former WEX (BTC-e) CEO Dmitry Vasiliev in Warsaw at the request of the U.S. DOJ.
https://www.rp.pl/przestepczosc/art41548161-rosyjski-krol-kryptowalut-zatrzymany-w-warszawie

8/ Microsoft shareholders voted against Bitcoin investments.

8/ Microsoft shareholders voted against Bitcoin investments.
https://x.com/Saylorsatsire/status/1866537616285241737

9/ Donald Trump supported creating a strategic Bitcoin reserve, emphasizing its importance in outpacing China’s adoption of digital assets.

9/ Donald Trump supported creating a strategic Bitcoin reserve, emphasizing its importance in outpacing China’s adoption of digital assets.
https://youtu.be/_8d-2QVdtag?si=Vod5bndncAqNuqQq

10/ Congressman French Hill (R-AR) was elected to chair the U.S. House Financial Services Committee.

10/ Congressman French Hill (R-AR) was elected to chair the U.S. House Financial Services Committee.
https://x.com/PatrickMcHenry/status/1867322343120425045

11/ Texas lawmakers introduced House Bill HB 1598 to establish a strategic Bitcoin reserve.

11/ Texas lawmakers introduced House Bill HB 1598 to establish a strategic Bitcoin reserve.
https://capitol.texas.gov/tlodocs/89R/billtext/pdf/HB01598I.pdf#navpanes=0