Tag: regulation

Crypto Crackdown Cut: Freedom for Innovation or Invitation to Fraud?

Crypto Crackdown Cut: Freedom for Innovation or Invitation to Fraud?

The Justice Department's decision to effectively dismantle its cryptocurrency enforcement team, the National Cryptocurrency Enforcement Team (NCET), is being framed as a move toward "freedom" and innovation. They claim the DOJ is not in fact a digital asset regulator. Yet, from my perspective here in Accra, I too find it...

Justice Department Disbands Cryptocurrency Enforcement Team

Justice Department Disbands Cryptocurrency Enforcement Team

The Department of Justice (DOJ) has effectively disbanded its National Cryptocurrency Enforcement Team (NCET). This unit was established in February 2022 to combat the criminal misuse of cryptocurrencies and digital assets. Deputy Attorney General Todd Blanche made the abrupt decision to shutter the offices in a memo circulated Monday evening....

OpenSea Urges SEC to Rethink Broker Designation for NFT Marketplaces

OpenSea Urges SEC to Rethink Broker Designation for NFT Marketplaces

Now OpenSea continues to make waves by siding with crypto against the United States Securities and Exchange Commission (SEC). The company further contends that it doesn’t meet the federal securities laws’ definition of a broker or exchange. The company recently was on the receiving end of a Wells notice from...