Reading Time: < 1 minuteA crypto developer has filed a lawsuit against the head of the US Justice Department, seeking a court ruling to declare their crypto software legal and prevent any potential future prosecutions.

Reading Time: < 1 minuteThe Commodity Futures Trading Commission (CFTC) may be taking action against Crypto.com for offering investors the opportunity to place bets on major football games, including the upcoming Super Bowl.

Reading Time: < 1 minuteThe SEC has announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle multiple charges stemming from regulatory failures.

Reading Time: < 1 minuteCrypto.com on Monday announced the launch of its new cryptocurrency custody service, called the Crypto.com Custody Trust Company.

Reading Time: < 1 minuteAccording to the US IRS, the rewards received from staking activities should be treated as ordinary income and be reported on a person’s tax return as such.

Reading Time: < 1 minuteOn December 20, Tai Mo Shan, a subsidiary of Jump Crypto, reached a settlement with the United States Securities and Exchange Commission (SEC) for a sum of $123 million.

Reading Time: < 1 minuteThe Supreme Court has declined to hear Nvidia’s plea to halt a class-action lawsuit, signaling that the case will proceed.

Reading Time: < 1 minuteDavid Sacks, a former Chief Operating Officer of PayPal, has been chosen as the United States’ first artificial intelligence and crypto czar, a new position established by President-elect Donald Trump.

Reading Time: < 1 minuteThe SEC has taken legal action against investment firm Touzi Capital for allegedly deceiving investors about the liquidity and profitability of its crypto asset mining fund.

Reading Time: < 1 minuteThe incoming Trump administration is looking to expand the role and power of the Commodity Futures Trading Commission in overseeing the digital asset market, which is valued at $3 trillion.

Reading Time: < 1 minuteGary Gensler, the current Chair of the Securities and Exchange Commission, announced his resignation on Thursday, effective Jan. 20.

Reading Time: < 1 minuteA lawsuit has been filed by 18 US states against the Securities and Exchange Commission (SEC) and its Chairman Gary Gensler, alleging that the regulatory body has overstepped its bounds and acted beyond its authority in its actions against the growing crypto industry.

Reading Time: < 1 minuteCity officials yesterday announced that Detroit will now accept cryptocurrency payments, making it the largest city in the United States to do so.

Reading Time: < 1 minuteIn the premarket hours, stocks associated with the cryptocurrency market experienced notable gains.