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1 month ago | 
cryptonews.com.au | Jose Oramas |Cryptocurrency Law
Ronaldinho launched his STAR10 memecoin on the Binance Smart Chain with exclusive perks like signed collectibles and VIP experiences. The token’s rapid price surge and high market cap led to significant insider profits, raising concerns about tokenomics. Security flaws in the smart contracts—such as potential token burning by the owner—were flagged, though some issues have since been addressed.
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1 month ago | 
cryptonews.com.au | Ben Knight |Cryptocurrency Law |Bitcoin Reserve
The SEC has updated its guidance on meme coins, categorising them as collectibles rather than securities. This change coincides with the SEC freezing lawsuits against major crypto companies. The SEC clarified that meme coins do not generate yield or convey rights to business assets, meaning they do not require registration as securities. The Securities and Exchange Commission has updated its guidance on meme coins after a controversial few months for the sector.
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1 month ago | 
cryptonews.com.au | Aaron Feuerstein |Cryptocurrency Law |Bitcoin Reserve
Several US states have rejected Strategic Bitcoin Reserve proposals in the past month due to volatility concerns during a period when Bitcoin dropped 22% from its January peak. Texas Senate Bill 21 has passed the state’s Banking Committee with unanimous support and now moves to the full Senate for further debate. The Texas proposal would create a reserve for cryptocurrencies, with market capitalisations over US$500 billion and would operate outside the state treasury for investment flexibility.
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1 month ago | 
cryptonews.com.au | Jose Oramas |Cryptocurrency Law |Cryptocurrency Tax
Ohio lawmakers introduced a bill to exempt crypto, stablecoins, and NFTs from state taxes when used as payment, ensuring parity with fiat transactionsThe bill clarifies that mining, staking, and crypto swaps won’t be classified as “money transmission” and protects mining in industrial zones. Nearly 30 states have explored Bitcoin reserves or crypto-related policies, but most efforts have failed due to internal political disagreements.
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2 months ago | 
cryptonews.com.au | Jody McDonald |Cryptocurrency Law
Australia’s financial crimes watchdog, AUSTRAC, has written to over 50 companies, including many involved in the crypto industry, over their failure to meet their reporting requirements under Australia’s anti-money laundering and counterterrorism financing laws. AUSTRAC said it’s already taken action against 13 crypto exchanges this year for failing to disclose the criminal histories of key employees.
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2 months ago | 
cryptonews.com.au | Jody McDonald |Cryptocurrency Law
Argentinian President, Javier Milei, is facing calls for his impeachment after he endorsed a crypto project named $LIBRA that suddenly and catastrophically collapsed over the weekend. The president had posted on X / Twitter that the project would help boost the Argentine economy, seeing its market cap soar to around US$4.5 billion. Project insiders sold over US$100 million worth of tokens, triggering panic selling, with the token price falling 94% in just a few hours.
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2 months ago | 
cryptonews.com.au | Jose Oramas |Cryptocurrency Law
Indian authorities confiscated nearly US$190M in cryptocurrency linked to the Bitconnect Ponzi scheme, which defrauded thousands of investors worldwide before collapsing in 2018. Officials also seized cash, an SUV, and electronic devices in Gujarat, connecting them to individuals involved in the schemeThe Ponzi scheme affected 4,000 investors across 95 countries and led to losses of US$2.4B.
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2 months ago | 
cryptonews.com.au | Jose Oramas |Cryptocurrency Law
The US CFTC charged New York trader Rashawn Russell for a US$1.5M crypto fraud, marking one of its first enforcement actions under acting Chair Caroline Pham. Russell misused investor funds for personal expenses and Ponzi-like payments, falsely promising high returns. He pleaded guilty to wire fraud. The US Commodity Futures Trading Commission (CFTC) has charged New York resident Rashawn Russell with fraud in one of its first crypto-related enforcement actions under acting Chair Caroline Pham.
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2 months ago | 
cryptonews.com.au | Aaron Feuerstein |Bitcoin Reserve |Cryptocurrency Law
The Czech Republic has achieved unprecedented political unity in adopting crypto-friendly regulation through the implementation of the EU’s MiCA framework, which will provide clear rules for taxation and banking access. The Czech National Bank is also considering a significant investment by planning to allocate up to 5% of its €140 billion assets to Bitcoin.
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2 months ago | 
cryptonews.com.au | Jose Oramas |Cryptocurrency Law
Telegram founder Pavel Durov’s criminal case in France is suspended for at least a year, leaving him stuck in the country while Telegram faces leadership uncertainty. French authorities arrested Durov over Telegram’s alleged obstruction of 2,500 criminal cases, including fraud and terrorism. Meanwhile, Tornado Cash developer Alexey Pertsev was freed under electronic monitoring as he appealed his 64-month sentence. Telegram founder Pavel Durov’s criminal case in France will be suspended for a year.
