Robinhood’s tokenized stocks have stirred up a legal hornet’s nest

Robinhood’s tokenized stock offerings in Europe have ignited debate over the legality of tokenizing equity, especially that of private companies like OpenAI.  OpenAI said Robinhood’s unapproved OpenAI tokens offer no equity ownership rights, causing regulators in Lithuania to open a formal inquiry. But that’s just the start. With concerns over how different jurisdictions approach tokenized … Read more

Changpeng Zhao Announces New Project ‘Giggle Academy’ Despite Potential Legal Uncertainty

After maintaining a distance from the social networking space, Binance founder and former CEO Changpeng Zhao seems to be on track for a comeback. In a post on X, Zhao said he is going to be launching a new project called Giggle Academy. This is a free-for-all education project that aims to provide basic education … Read more

OKX Exits India’s Crypto Space Failing to Meet Legal Requirements

India has tightened its noose around crypto-related businesses, mandating sector firms to comply with certain legal requirements. Failing to comply with these rules, crypto exchange OKX has decided to exit India’s crypto sphere. The Seychelles-headquartered exchange informed its Indian community on March 21 that they should close their accounts on the platform before April 30. … Read more

Binance Establishes First Ever Board of Directors Amid Legal Issues: Details

The recent few years have not been smooth sailing for Binance, which has time and again found itself surrounded by legal issues. In a first, Binance Holdings has established a board of directors comprising of seven members – who will weigh-in on the company’s decision making and business-related resolutions as an assistance to CEO Richard … Read more

Robinhood’s Crypto Trading Venture Lands Under Legal Scanner: Details

Robinhood, the US-based crypto trading service has found itself under legal issues in the US. Earlier this week, the US Securities and Exchange Commission (SEC) issued a ‘Wells Notice’ against Robinhood. With this, Robinhood has joined the list of several other crypto firms, that have had to face the SEC and explain the intricacies of … Read more

Kenya Halts Worldcoin Investigation, Mandates Legal Registration for Sam Altman

Sam Altman’s controversial Worldcoin project is no longer under investigation in Kenya. An official notice issued by the Directorate of Criminal Investigations (DCI) in Kenya has claimed that an array of allegations related to Worldcoin’s user data collection were ‘expeditiously and objectively’ investigated. The file of this case has now been shut with the police … Read more

South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details

South Korea has implemented its much talked-about “Virtual Asset User Protection Act” that defines the dos and don’ts for crypto firms, that wish to offer their services in the nation. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing. The … Read more

Crypto.com Sues US SEC After Receiving Legal Threat from Regulator

Crypto.com filed a lawsuit against the US Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry. The crypto trading platform said its move follows the receipt of a “Wells notice” from the top US markets regulator on the grounds that tokens traded on its … Read more

Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens

Australia has been tightening its regulatory oversight across various sectors. In the latest development, the country has imposed a $5.1 million fine (roughly Rs. 43 crores or AUD 8 million) on Kraken, the US-based crypto exchange. Kraken operates in Australia through the digital currency platform Bit Trade, which has been instructed by authorities to pay … Read more

SEC’s New Rules Make These Methods Fully Legal

Key takeaways The SEC has clarified that solo staking, delegated staking and custodial staking, when tied directly to a network’s consensus process, do not qualify as securities offerings. Post May 29 guideline, rewards earned from network validation are seen as compensation for services, not profits from the efforts of others, removing them from the Howey … Read more