The Blockchain Legal Institute (BLI) is closely monitoring the evolving regulatory landscape following the U.S. Treasury Department’s decision to remove Tornado Cash from its sanctions list on March 21, 2025. This marks a significant moment in the intersection of cryptocurrency and foreign policy enforcement. Tornado Cash, an Ethereum-based cryptocurrency mixer, was initially sanctioned by the … Read more
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) has issued new guidance clarifying the process banks must follow when engaging in crypto-related activities. The move aims to provide a transparent framework for banks while ensuring the safety and soundness of the financial system amid the growing prevalence of digital assets. Banks are now required to … Read more
Michael Novogratz’s Galaxy Digital has agreed to pay $200 million to settle allegations from the New York Attorney General (NYAG) regarding its role in promoting and profiting from the Terra-LUNA ecosystem before its collapse in 2022. The NYAG accused Galaxy of violating the Martin Act by promoting LUNA tokens without proper disclosure of its financial … Read more
Ethereum Narrowly Avoids Major Liquidation Event Ethereum (ETH) experienced a significant price correction on Tuesday, dropping 22% in 48 hours and briefly trading near $2,000. This sharp decline brought a massive $126 million MakerDAO position within 4% of liquidation, highlighting the vulnerability of leveraged positions in the decentralized finance (DeFi) ecosystem. The cryptocurrency managed to … Read more
EthDenver, the world’s largest Web3 hackathon and conference, is once again proving its global impact on the blockchain and cryptocurrency ecosystem. As the event continues to foster innovation and collaboration, it has inspired similar initiatives worldwide, including the upcoming BLI Legal Tech Hackathon. The Blockchain Legal Institute (BLI) is set to launch its inaugural Legal … Read more
Maryland Blockchain Association (www.marylandblockchainassociation.org) & Blockchain Legal Institute, in collaboration with esteemed partners, hosted the first BLI Innovative Legal Tech Series: “IoT and Agritech: Revolutionizing the Future of Farming.” The Summit explored how IoT-enabled devices, data analytics, and blockchain technology is driving efficiency, sustainability, and transparency in modern farming practices. This dynamic event delved into … Read more
While discussions about incorporating cryptocurrency into corporate reserves are slowly gaining traction in the United States, some of Latin America’s largest corporations are already jumping on the Bitcoin bandwagon — racking up significant gains on their investments and expanding crypto services to end-users in the process. Following the lead of major firms like Strategy (formerly known … Read more
February 4, 2025, David Sacks, the White House Crypto and AI Czar, held a press conference alongside key congressional leaders to announce the formation of a bicameral working group focused on developing a comprehensive regulatory framework for digital assets and stablecoins. This initiative aims to reposition the United States as a leader in the global … Read more
Ethereum is preparing for its next big upgrade, known as Pectra, which is expected to launch in March 2025. Before it goes live on the main Ethereum network, developers will test the upgrade on two smaller networks, Sepolia and Holesky, in February. If those tests go smoothly, the upgrade will proceed as planned. The Pectra … Read more
Indonesia’s Crypto Oversight Transfer to OJK Faces Delay The Indonesian government is racing against time to finalize the transfer of crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) to the Financial Services Authority (OJK) before the January 12, 2025 deadline. The transition, mandated by the Financial Sector Law, has been stalled due to … Read more