Armstrong says the CLARITY Act could pass with bipartisan Senate support. The Act defines SEC and CFTC oversight of non-stablecoin digital assets and is expected for public review after committee discussions. Senator Lummis expects Trump to sign the CLARITY Act before the end of the year. Brian Armstrong, CEO ofContinue Reading
Eddy Alexandre and his platform EminiFX have been ordered to repay US$228.5M (AU$351.7M) to investors. An additional US$15M (AU$23.1M) in disgorgement has been imposed personally on Alexandre. The civil court ruling comes after Alexandre was sentenced to nine years in federal prison. A New York federal judge has directed EddyContinue Reading
Illinois Governor J.B. Pritzker has signed two new laws that establish a consumer protection framework for digital assets, making Illinois the first state in the Midwest to do so. The laws give the state’s Department of Financial and Professional Regulation direct authority over crypto exchanges and businesses, requiring them toContinue Reading