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Law
Most Cryptos Aren't Commodities, Defendants Claim in CFTC Case
Defendants from My Big Coin Pay, which is being sued by the CFTC for fraud, argue that the agency lacks jurisdiction over the case.

Report: Two Japanese Crypto Exchanges to Shut Down
Two crypto exchanges in Japan are reportedly set to close amid growing regulatory scrutiny from regulators in the wake of a $500 million theft.

Arizona's Blockchain 'Node Rights' Law Is Nearing Passage
Arizona House Bill 2602, which would protect blockchain node operators from local regulations, was approved by two Senate committees.

Tennessee Is Closer to Barring Retirement Funds from Crypto Investments
The Tennessee Senate Ways and Means Committee has voted to advance a bill banning public retirement trusts from investing in cryptocurrencies.

Illinois Has Been Quietly Considering Bitcoin for Tax Payments
Three U.S. states – Illinois, Arizona and Georgia – are now actively considering bills to allow tax payments made in cryptocurrency.

Mexican Lawmakers Pass Cryptocurrency Regulation Bill
Mexico is now just one step away from passing a law that will regulate fintech including cryptocurrencies in the country.

Israeli Supreme Court Rules for Bitcoin Broker in Bank Dispute
A cryptocurrency brokerage based in Israel won't have its bank account closed – for now – thanks to an intervention by the Supreme Court.

Georgia Becomes Latest State to Consider Bitcoin for Tax Payments
Two state senators in Georgia have proposed a new bill that would allow citizens to pay their tax obligations in bitcoin.

R3 Center to Train Next Generation of DLT Lawyers
Distributed ledger software provider R3 has formed a blockchain education group designed to prepare lawyers for large-scale enterprise adoption.

Spanish Government Eyes Tax Benefits for Crypto Companies
Spain's ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country.
