The agency is under fire, facing lawsuits from Consensys and the Blockchain Association, which argue that its recent regulations constitute unlawful overreach.
The DoJ claims the two founders conspired to grow KuCoin into one of the world’s largest crypto exchanges by breaking AML laws. The CFTC, in parallel, charged KuCoin with operating an illegal digital asset derivatives exchange.
The agency is under fire, facing lawsuits from Consensys and the Blockchain Association, which argue that its recent regulations constitute unlawful overreach.
The DoJ claims the two founders conspired to grow KuCoin into one of the world’s largest crypto exchanges by breaking AML laws. The CFTC, in parallel, charged KuCoin with operating an illegal digital asset derivatives exchange.
The CFTC's first report on DeFi advises U.S. government agencies to cooperate with the industry to mitigate risks and take advantage of its opportunities.
Over recent months, Binance, Coinbase and the U.S. regulators have been exchanging caustic statements via court filings, mainly repeating the same old song about authority limits and alleged legal violations.
Last week various crypto-related legislations were discussed and endorsed in the U.S., including an amendment to the 2024 National Defense Authorization Act which tightens regulation of anonymity-enhancing crypto assets.
An updated version of the Responsible Financial Innovation Act, which is supposed to provide a comprehensive regulatory framework for digital assets, was reintroduced by Senators Cynthia Lummis and Kirsten Gillibrand.
