NXT Knowlege

Sam Bankman-Fried has filed a petition for a writ of certiorari with the United States Supreme Court, seeking review of his 2023 conviction on seven counts of wire fraud, conspiracy and money laundering arising from the collapse of FTX, together with the US$11.02 billion forfeiture order that accompanied his 25-year sentence. The petition was filed on 10 September 2026 by Stanford law professor Jeffrey Fisher, and follows a Second Circuit Court of Appeals ruling in June that

The US Senate has failed to clear the procedural threshold needed to advance the Digital Asset Market CLARITY Act (H.R. 3633), with Tuesday's cloture vote falling short of the 60 votes required to move the bill forward. The result ends, for now, the closest the United States has come to a single statutory framework dividing crypto oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, and pushes the question of who regulates dig

Senate Republicans have released what they are calling the final draft of the Digital Asset Market Clarity Act (H.R. 3633), the bill that would settle whether the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) regulates a given digital asset. The redraft folds in 126 changes sought by Senate Democrats and arrives alongside a set of ethics restrictions that President Trump has agreed to accept. A cloture vote is scheduled for Tuesda

Italy has proposed exempting digital euro payments under €10 from merchant fees entirely. NXT Law looks at what that could mean for card networks, and the interchange and merchant fee economics behind it.

The G20 Chair recently released a statement following the finance ministers' and central bank governors' meeting held in Asheville, North Carolina from 31 August to 1 September 2026, committing members to advancing responsible and effective regulatory and supervisory frameworks that preserve financial stability, support economic growth, and establish clear pathways for sound digital financial and digital assets innovation. The statement frames digital financial innovation as

Together with lawyer misusing generative AI, expert witnesses are now increasingly finding out that the use of generative AI exposes them to more potential criticism than they might have thought in the moment when they sought AI's help. Experts are using tools like ChatGPT and Claude to sort discovery documents, survey literature, and draft sections (or in some cases significant parts) of their reports. Courts in a number of jurisdictions are now exploring whether the record

The Banco Central do Brasil (BCB) has published rule requiring virtual asset service providers (VASPs) in Brazil to hold-up certain crypto transfers for up to 24 hours before they execute the transfer. It amends an earlier Resolução BCB nº 142, the BCB's existing fraud-prevention rule for payment services, and brings VASPs directly within that rule for the first time. The BCB states the change targets the fast movement of funds obtained through financial scams. The rule takes

Four major crypto regulatory deadlines are clustering within a 30-day window — a rare alignment that leaves little room for businesses that have been watching and waiting. Australia's ASIC no-action relief expires soon. The EU's MiCA transition period closes July 1. The US Treasury's stablecoin BSA rulemaking is in its final phase with a final rule expected by July 18. And in Washington, a Senate floor vote on the CLARITY Act, the bill that would define the division of jurisd

Within the space of four days, two major jurisdictions have moved to regulate AI-generated non-consensual imagery with different approaches. On 14 June 2026, the European Parliament formally approved amendments to the EU AI Act through the so-called Digital Omnibus on AI package, including a new prohibition on apps and AI systems that generate or manipulate non-consensual intimate imagery. On 18 June 2026, the US Senate Judiciary Committee unanimously advanced the NO FAKES Ac

In the United Kingdom, holding cryptocurrency has never been easier. Buying it is another matter. A coordinated campaign launched this week by Stand With Crypto UK has drawn attention to a well-documented but largely unaddressed practice: British banks blocking or limiting their customers’ ability to transfer their own money to FCA-regulated digital asset platforms — exchanges that have met the FCA’s registration requirements and are operating legally. The data The UK Cryptoa

Japan's parliament has passed legislation bringing crypto assets under the country's Financial Instruments and Exchange Act (FIEA), placing them on the same regulatory footing as stocks and other financial products. The bill, which was approved by Cabinet in April 2026, completes a deliberate shift in Japan's regulatory approach — moving crypto from its longstanding home under the Payment Services Act, where it was treated primarily as a means of payment, to a securities-styl

Within the last year, a serious problem has emerged in the legal system: lawyers submitting briefs and other documents containing hallucinated cases, quotes and made up legal arguments. As courts becomes increasingly frustrated by the problem, we are seeing amendments to the rules of court to make very clear what the lawyer on record for a matter has to deliver up to the court.ChatGPT - Double check my citations!One of the most widely reported instance remains the case of Ma

For a decade or more, web3 founders structuring projects out of the Cayman Islands which had any US token holders have had to live with a particularly uncomfortable question: is my token a security under US based laws? For projects with a substantial US token holder base or development team, the answer could mean the difference between regulatory clarity and an enforcement action or Wells notice. That question has now received its clearest answer yet. On March 17, 2026, the S

AAVE is a large player in the crypto DeFi space, enabling lending, borrowing and swapping of crypto tokens, usually on Ethereum. It has become well known for a liquidity pool model and enabling flash loans (which enable a borrower to borrow and repay crypto within the same transaction). Users can access the Aave protocol either through direct smart contract interactions or through open source front ends, the most popular of which is operated by Aave Labs. This week, an as-y

Traditional finance’s push to integrate digital assets has taken another meaningful step forward. Over the past month, several major products and pilot programs slated for 2026 have been announced, signaling that digital asset exposure is rapidly becoming a standard feature of wealth management and capital markets operations. One notable example is Morgan Stanley’s plan to roll out a proprietary digital wallet in the second half of 2026. The wallet is touted to support both

From 20 January, Vietnam has commenced taking applications for licensing for crypto exchanges, but the requirements for licensing have proven eye watering and designed to lock out all but the largest existing traditional operators. Among the requirements are: a minimum capital of approximately US $380 million; ownership stipulations including at least 65% institutional holdings; and at least 35% ownership from two institutional investors who are involved in banking and financ

Predictions markets have seen a huge rise in users with sites like Polymarket and Kalishi raising large funding rounds and experiencing exponential growth. The speed with which these offerings have grown has started to run into regulatory hurdles however, and last Friday, regulators in Tennessee sent a cease-and-desist letter to Polymarkets, Crypto.com and Kalshi, alleging that their predictions markets were in fact unlicensed gambling. The same day Kalshi commenc

The Cayman Islands, with a secure British legal system, safe business environment and tax neutral status, has long been a favoured home to US Hedge funds (35,000+) and crypto companies, and new data from the Cayman Islands General Registry underscores just how much that growth has continued. In 2017, the Cayman Islands legislated into existence the Cayman Foundation in the Foundation Companies Act , a highly flexible corporate structure which could operate to manage wealth an

The US continues to drive forward in crypto, with the powerful Commodities, Futures Trading Commission ( CFTC ), which has often been seen in competition with the Securities Exchanges Commission ( SEC ), moving to announce a digital asset pilot program and updated guidance under which certain digital assets will be approved for use as collateral for derivatives in regulated US markets and "outdated" requirements are removed . The crypto derivatives market is already US $23

Ethereum upgrades have always been a mix of spectacle and subtlety—Dencun's blobs reshaped Layer 2 economics overnight, Pectra's account tweaks whispered promises of smoother user experiences. But the latest fork: Fusaka, activated on December 3, 2025, at epoch 411,392 (around 21:50 UTC), was more of an under-the-hood upgrade that will have broader and longer impacts. Named after a cosmic nod—"Fulu" for the consensus layer's starry precision, "Osaka" for the Devcon 2025 host