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Regulation
US Senate to Examine Energy Efficiency of Blockchain
The U.S. Senate will host a hearing on blockchain's energy use and whether the tech can be used to protect infrastructure next week.

There's a Huge Opportunity for Everyone in Crypto, It's Called KYC/AML
If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.

SEC Expands Inquiry Into Riot Blockchain, Filing Reveals
The legal woes of biotech company-turned-crypto miner Riot Blockchain don't appear to be slowing down.

Insurance Ratings Bureau Pilots IBM Blockchain for Automatic Reporting
The American Association of Insurance Services is turning to IBM Blockchain to support a new automated insurance reporting tool.

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

Prime Trust Enters Crypto Custody Race, Will Hold 'Any' Ethereum Token
Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.

Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court
A district judge has slapped down an investor's effort to move a lawsuit against payments firm Ripple to a lower court.

SEC Slaps 'Fraudulent' ICO Founder With $30K Fine, Lifetime Ban
The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called "fraudulent."

EU Lawmaker Wants to Include ICOs in New Crowdfunding Rules
A draft proposal by the EP's Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs).

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs
A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.
