Law & Policy

Last week in crypto regulation (June 30 – July 6):

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1/ SEC Chairman Paul Atkins endorsed tokenization as an “innovation,” supporting market adoption.

Head of crypto practice at Buzko Krasnov law firm
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Law School Adjunct Lecturer

1/ SEC Chairman Paul Atkins endorsed tokenization as an “innovation,” supporting market adoption. https://cointelegraph.com/news/sec-chair-paul-atkins-tokenization-crypto-regulation-shift

2/ U.S. court allowed Celsius to continue $4.3B lawsuit against Tether.

2/ U.S. court allowed Celsius to continue $4.3B lawsuit against Tether. https://www.courtlistener.com/docket/69033248/52/celsius-network-limited-v-tether-limited/

3/ U.S. Senate passed “One Big Beautiful Bill Act” without crypto tax relief.

3/ U.S. Senate passed “One Big Beautiful Bill Act” without crypto tax relief. https://cointelegraph.com/news/senate-budget-bill-amendment-crypto-taxes

4/ DOJ charged four North Koreans in a nearly $1M crypto theft case.

4/ DOJ charged four North Koreans in a nearly $1M crypto theft case. https://www.justice.gov/usao-ndga/pr/four-north-koreans-charged-nearly-1-million-cryptocurrency-theft-scheme

5/ Arizona Governor vetoed crypto reserve bill.

5/ Arizona Governor vetoed crypto reserve bill. https://www.theblock.co/post/360672/arizona-governor-vetoes-bill-reserve-seized-crypto

6/ Connecticut banned state crypto holdings.

🚨 NEW: Connecticut passes law to ban state investment in bitcoin.

HB7082 prohibits the state from accepting, holding, or investing in any virtual currencies.

It also imposes several new requirements on money transmitters. https://t.co/lKozljMp1R

🚨 NEW: Connecticut Governor Ned Lamont officially signed into law the state's 'Bitcoin Reserve Ban' today.

Connecticut is now prohibited from accepting, holding, or investing in digital assets.

Bitcoin Laws

6/ Connecticut banned state crypto holdings. https://x.com/Bitcoin_Laws/status/1939840917323882641

7/ Ripple Labs applied for U.S. banking license.

7/ Ripple Labs applied for U.S. banking license. https://www.wsj.com/finance/regulation/ripple-seeks-a-u-s-banking-license-adding-to-list-of-crypto-companies-e007afa4

8/ Bitstamp received MAS crypto license in Singapore.

8/ Bitstamp received MAS crypto license in Singapore. https://blog.bitstamp.net/post/globally-trusted-and-now-licensed-in-singapore/

9/ PancakeSwap blocked in Turkey due to missing license.

9/ PancakeSwap blocked in Turkey due to missing license. https://www.turkiyetoday.com/business/access-blocked-in-turkiye-pancakeswap-and-cryptoradar-3203816