Saturday, May 13 - Top Crypto News

May 13, 2023 · 3m 57s
Saturday, May 13 - Top Crypto News
Description

Today's highlights include a significant development in the crypto regulatory landscape in the US. The US Chamber of Commerce has sided with the crypto industry and criticized the SEC. On...

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Today's highlights include a significant development in the crypto regulatory landscape in the US. The US Chamber of Commerce has sided with the crypto industry and criticized the SEC. On the legal front, we see Terra Luna founder Do Kwon's bail terms being officially accepted by a court in Montenegro, another interesting unfolding. Internationally, we're seeing the IRS extending its expertise to Ukraine to help the country track Russian cryptocurrency activity, a move reflecting the global implications of cryptocurrencies. The corporate world isn't left out, as Silvergate is beginning the NYSE delisting process, which is expected to result in job cuts for about 230 staff members. The EU, keeping up with the ever-evolving crypto industry, is drafting new tax plans that will include NFTs and foreign companies. Lastly, we see a rather innovative development from LG Electronics, as they seek a patent for a TV that allows users to trade NFTs.
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Author Giacomo Arcaro
Organization Giacomo Arcaro
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