Tag: federal
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Justin Sun Files Federal Lawsuit Against World Liberty Financial Over Frozen Tokens and Governance Rights
The landscape of decentralized finance and political-economic intersection has been jolted by a high-profile legal battle as cryptocurrency entrepreneur Justin Sun, the founder of the TRON blockchain, initiated a federal lawsuit against World Liberty Financial (WLF). Filed in the United States District Court for the Northern District of California, the litigation alleges that the decentralized…
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Biden Administration Moves Toward Comprehensive Federal Strategy for Cryptocurrency Oversight Through Proposed Executive Order
The Biden administration is reportedly in the advanced stages of drafting a sweeping executive order designed to establish a unified federal strategy for the regulation and oversight of the cryptocurrency industry. According to reports from multiple sources familiar with the matter, the directive aims to streamline the currently fragmented approach taken by various U.S. government…
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Kraken Parent Company Payward Files for National Trust Charter to Solidify Federal Custody Presence and Pave Way for IPO
Payward Inc., the parent organization of the prominent digital asset exchange Kraken, has officially submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust company charter. This strategic move aims to create a federally regulated entity, tentatively named the Payward National Trust Company (PNTC), which will…
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