The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment.
Law news
Three Arrows Capital liquidators seek to revise their claim against FTX from $120 million to $1.53 billion, citing improper liquidation of 3AC assets.
Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme.
California revokes BlockFi’s license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trump’s Bitcoin reserve proposal.
FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.
Polish authorities have issued a cautionary alert on Crypto.com’s operations, citing possible regulatory noncompliance but stopping short of a ban.
The Blockchain Association and Coinbase spotlight SEC and FDIC actions, revealing significant financial burdens on crypto firms.
Blockchain gaming platform Immutable says it received a Wells notice from the SEC over alleged securities law violations within “hours” of its first interaction with the regulator.
The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.
Lamine Brahimi discusses how blockchain-based government bonds could revolutionize debt markets, with benefits including lower borrowing costs and efficient settlements.