Law & Policy

What happened in the crypto industry last week (Oct 13-20)?

1/ FBI agents have arrested an individual accused of hacking the SEC’s official page on X.

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1/ FBI agents have arrested an individual accused of hacking the SEC’s official page on X. https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin

2/ The SEC is contesting a court decision that suggests Ripple Labs should pay a $125 million fine instead of the initially proposed $2 billion. https://www.dropbox.com/scl/fi/crwpyc21zreohtj33opxt/SEC-Form-C.pdf?rlkey=a8lphikodtuh7ihz5eulgrln2&e=2&dl=0

3/ The SEC has filed a lawsuit against Vay Fam, the individual behind the Saitama Inu and Robo Inu projects, for promoting securities without a license, market manipulation, and deceiving investors.

3/ The SEC has filed a lawsuit against Vay Fam, the individual behind the Saitama Inu and Robo Inu projects, for promoting securities without a license, market manipulation, and deceiving investors. https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26153

4/ A programmer has filed a lawsuit against the Bitcoin Core developers, claiming that they deviated from Satoshi Nakamoto’s original vision by implementing SegWit and Taproot updates.

4/ A programmer has filed a lawsuit against the Bitcoin Core developers, claiming that they deviated from Satoshi Nakamoto’s original vision by implementing SegWit and Taproot updates. https://caseboard.io/cases/306dc00a-f318-4433-9bbb-f23b1b5d79ec

5/ Italy has announced an increase in the capital gains tax on cryptocurrency investments from 26% to 42%.

5/ Italy has announced an increase in the capital gains tax on cryptocurrency investments from 26% to 42%. https://x.com/WatcherGuru/status/1846487263280017464

6/ The CFTC has submitted an Appellant’s Brief, criticizing the court’s decision in the Kalshi prediction market case as a “mistake.”

6/ The CFTC has submitted an Appellant’s Brief, criticizing the court’s decision in the Kalshi prediction market case as a “mistake.” https://storage.courtlistener.com/recap/gov.uscourts.cadc.41256/gov.uscourts.cadc.41256.1208671805.0.pdf

7/ The SEC has officially approved applications for listing and trading options on spot Bitcoin ETFs for the NYSE and Cboe stock exchanges.

7/ The SEC has officially approved applications for listing and trading options on spot Bitcoin ETFs for the NYSE and Cboe stock exchanges. https://www.sec.gov/files/rules/sro/nyseamer/2024/34-101386.pdf

8/ A federal court in Las Vegas has sentenced an Indian citizen to 60 months in prison, followed by two years of probation, for orchestrating a $15 million cryptocurrency pyramid scheme involving spoofing.

8/ A federal court in Las Vegas has sentenced an Indian citizen to 60 months in prison, followed by two years of probation, for orchestrating a $15 million cryptocurrency pyramid scheme involving spoofing. https://www.justice.gov/usao-wdnc/pr/indian-national-sentenced-prison-20-million-dollar-fraud-scheme-involving-fake

9/ A user with a nickname lightcrypto has accused the Sui project team of insider trading following a significant rise in the asset’s price.

9/ A user with a nickname lightcrypto has accused the Sui project team of insider trading following a significant rise in the asset’s price. https://x.com/lightcrypto/status/1845636291460772163