A US appeals court has allowed a Binance-related theft trial to proceed in federal court, throwing out a lower court order that had forced the plaintiffs into arbitration. The Eleventh Circuit issued a writ of extraordinary mandamus on August 19, ordering the lower court to vacate its arbitration decision. The panel found that the eight … Read more
SEC Commissioner Hester Peirce released a new statement on crypto vaults and lending strategies, and the message is more nuanced than a simple pro-crypto or anti-crypto headline. Peirce’s July 22 statement, titled “Headstands and Summervaults: A Statement on Crypto Vaults and Lending Strategies,” asserts that putting an activity on chain does not automatically cause it … Read more
The Financial Action Task Force says more jurisdictions are adopting crypto rules, but enforcement remains the weak point. In its seventh targeted update on the implementation of the FATF standards for virtual assets and virtual asset service providers, the global watchdog reported that 83% of surveyed jurisdictions have adopted legislation to implement the Travel Rule. … Read more