Cristiano Ronaldo faces legal action - trial date set for alleged Binance promotion
During the Milken Institute’s 2024 Future of FinTech Symposium, Sen. Cynthia Lummis promoted the US as the preferred destination for the crypto asset industry, while the IRS reminded taxpayers to report income from digital asset transactions. Additionally, US Judge Beth Bloom scheduled a 2025 trial for a class action against Cristiano Ronaldo over Binance promotion, while Spain banned Worldcoin temporarily due to privacy concerns. Meanwhile, Deutsche B?rse launched a regulated crypto trading platform for institutional investors, following additional licenses from German regulators.
The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:
US
CFTC Chair urges Lawmakers to expand authority over crypto markets
At a House Agriculture Committee hearing, CFTC Chair Rostin Behnam urged lawmakers to pass legislation that would expand the CFTC’s authority to policy crypto markets.
Sen. Cynthia Lummis: US top choice for crypto asset industry
Sen. Cynthia Lummis (R-WY) spoke at the Milken Institute’s 2024 Future of FinTech Symposium, arguing that the US is the country of choice for the crypto asset industry.
SEC delays decision on spot ETH ETFs, seeks public comment
The SEC delayed making a decision on spot ETH ETF applications from BlackRock and Fidelity and is seeking public comment.
ShapeShift agrees to cease-and-desist order, faces $275K fine from SEC
Crypto platform ShapeShift agreed to a cease-and-desist order and a $275,000 fine to settle allegations from the SEC that it allowed users to trade digital tokens without registering as a broker exchange. Dissenting SEC Commissioners Hester Peirce and Mark Uyeda called the action “the latest installment in the serial drama of the Commission’s poorly conceived crypto policy.”
SEC highlights ruling on crypto tokens as securities in legal actions against Coinbase and Binance
The SEC submitted letters to the judges overseeing its legal actions against both Coinbase and Binance, highlighting US District Judge Tana Lina’s ruling last week that crypto tokens can be classified as securities even when they are traded on secondary markets.
SEC pushes for intervention in Binance.US Investigation, cites lack of cooperation
The SEC claimed in a status report that Binance.US has not been providing answers to key questions relating to customer assets and other core elements of an ongoing investigation and asked the court to intervene to speed up the discovery process.?
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SEC Commissioner discusses broad interpretation of Securities Under Howey Test
In remarks before the Council of Institutional Investors, SEC Commissioner Mark Uyeda discussed the SEC’s broad interpretation of what constitutes a security under the Howey test.
CFTC GMAC meets to discuss Treasury ETFs and digital asset taxonomy
The CFTC Global Markets Advisory Committee (GMAC) met to discuss Treasury ETFs and digital asset taxonomy, among other topics.
IRS reminds taxpayers to report Income from digital asset transactions
The IRS issued a reminder to taxpayers that they are required to report all earned income on their tax return, including income earned from digital asset transactions.
Federal Prosecutors seek travel notification for Binance Founder
Federal prosecutors filed a brief arguing that Binance founder Changpeng Zhao should have to notify the government of any travel as he awaits sentencing, as prosecutors are still concerned that he could be a flight risk.
US Judge allows OneCoin scammer to avoid additional prison time
US District Judge Edgardo Ramos allowed Konstantin Ignatov to avoid additional prison time for his role in the $4 billion OneCoin crypto scam after he testified for the Manhattan US attorney’s office at a high-profile trial.
Trial Date set for class action against Cristiano Ronaldo over Binance promotion
US District Judge Beth Bloom set a February 2025 trial date for the proposed class action against Cristiano Ronaldo related to his role in promoting Binance.
EU/UK
UK initiates consultation on implementing OECD crypto reporting framework
The UK launched a consultation on its plans to implement the OECD crypto reporting framework to ensure the exchange of information on transactions for relevant crypto across jurisdictions. The consultation will close on May 29.
Spain temporarily bans Worldcoin over privacy concerns
Spain banned Worldcoin, a crypto company based on biometrics and co-founded by OpenAI CEO Sam Altman, for the next three months over privacy concerns.
Deutsche B?rse launches regulated crypto trading platform for institutional investors
German exchange operator Deutsche B?rse announced that it has launched a regulated platform for the trading of crypto for institutional investors. Deutsche B?rse announced the plans last year and received additional licenses from German regulators in February.
Co-Owner Vibe Invest ApS
8 个月I consider the case against Cristiano Ronald is just yet another matter to cast dark shadows on the crypto space. What offenses should Ronaldo have made to justify a court case. Almost everyone knows Ronaldo, which makes him a perfect target to spread the message and misunderstandings of crypto and blockchain.