On 13 May 2024, the Act addressing blockchain and digital asset mining (HB 3594) was signed into law by Oklahoma's Governor. The Act aims to safeguard digital asset usage in Oklahoma by preventing government restrictions on their legal purchases or …
On 13 May 2024, the Commodity Futures Trading Commission (CFTC) announced that it reached a settlement with Falcon Labs, based in Seychelles, over its alleged failure to register as a futures commission merchant (FCM). The CFTC stated that Falcon La…
On 10 May 2024, the Senate concurred with the House of Representatives's amendments to the Bill for an Act relating to enhancing consumer privacy (HB 121). The Bill requires data brokers, defined as a business that sells or licenses personal informa…
On 8 May 2024, the United States President issued a Notice on the Continuation of the National Emergency with Respect to Securing the Information and Communications Technology and Services Supply Chain established by Executive Order 13873. Executive…
On 7 May 2024, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issued an administrative monetary penalty against Binance Holdings Limited. The penalty, amounting to CAD 6’002’000, was imposed for non-compliance with Part 1…
On 7 May 2024, the Blockchain Integrity Act (HR 8266) was introduced in the US House of Representatives. The Bill would apply to financial institutions and prohibit them from handling, using, or transacting with any incoming or outcoming funds route…
On 7 May 2024, ByteDance, the parent company of TikTok, filed a lawsuit challenging the constitutionality of the Protecting Americans from Foreign Adversary Controlled Applications Act at the United States Court of Appeals for the District of Columb…
On 3 May 2024, the Australian Federal Court issued a ruling in the ASIC lawsuit against BPS Financial Pty Ltd (BPS) over alleged non-compliance with licensing requirements and consumer protection regulation. The court found that BPS engaged in unlic…
On 1 May 2024, the Arkansas Senate adopted an amendment of Data Centers Act of 2023 to Provide for the Regulation of Digital Asset Mining Businesses and Business Utilizing a Blockchain Network (SB 79). The Bill requires digital asset mining business…
On 1 May 2024, the Arkansas legislature adopted an amendment to the Arkansas Data Centers Act of 2023 to Prohibit Foreign-Party of Controlled Ownership of a Digital Asset (SB 78) after it was approved by both legislative chambers. The amendment has …