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The US Securities and Exchange Commission (SEC) seeks a $5.3 billion judgement against Terraform Labs and co-founder & CEO Do Kwon. Terraform Labs filed a motion for settlement at $3.5 million; dO Kwon offered $800,000. The US Securities and Exchange Commission ( SEC ) is after a $5.3 billion judgement against Terraform Labs and its co-founder and CEO Do Kwon. SEC recently filed a motion in the US District Court for the Southern District of New York, outlining the disgorgement and civil penalties it wants imposed against Terraform Labs and Kwon. The $5.3 billion amount includes $4.7 billion in disgorgement and prejudgment interest following the recent fraud verdict against the crypto company. Terraform Labs offers $3.5 million, Do Kwon $800,000 SEC also seeks $520 million in civil penalties, of which the SEC wants $420 million imposed against Terraform Labs and $100 million against Kwon. The securities watchdog has also filed for injunctions agains...

Spain fast-tracks MiCA Act to December 2025, ahead of EU deadline. Spain aims to boost legal security and protection for Spanish crypto investors. Leading global exchanges have secured regulatory green light in Spain. Spain is set to take the lead in implement ing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act, ahead of the general deadline for all 27 EU member states. This bold move aims to provide legal certainty and enhanced protection for Spanish investors involved in cryptocurrencies. Spain to implement MiCA by December 2025 The Spanish Ministry of Economy and Digital Transformation announced that the MiCA Act will come into force at a national level in December 2025. This is six months earlier than the EU’s general deadline of July 2026. The accelerated timeline will reduce the transitional period from 36 months to just 18 months for Spain. The decision was made followin...

The Netherlands is known to have very elaborate and strict crypto regulations that require companies to register to be allowed to offer crypto services. Binance was fined $3.4 million by the Dutch central bank in July 2022 and Coinbase was also fined €3.3M in January 2023 for failing to comply. Some crypto companies like Crypto.com have successfully registered to offer crypto services in the Netherlands. The Dutch regulatory landscape, characterized by strong yet transparent regulations, has attracted global players while simultaneously maintaining the integrity of the financial system. Crypto.com’s recent approval in the Netherlands is a testament to the country’s status as a strong and welcoming market for cryptocurrency enthusiasts and businesses. The story of how the Netherlands achieved this status is a compelling tale of careful regulatory oversight and a burgeoning crypto industry. In recent years, the Netherlands has emerged as a cryp...