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As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the Department of Justice and the Securities and Exchange Commission, the friend—Sameer Ramani—remains at large:

https://fortune.com/crypto/2024/03/03/sec-coinbase-insider-trading-kraken-howey-binance-ripple-terra/
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Crypto has been a main area of focus for several of the Gulf countries, especially the emirates of Dubai and Abu Dhabi, which saw an opportunity during the pandemic to pitch themselves as digital asset hubs:

https://fortune.com/crypto/2024/03/06/dubai-crypto-saudi-vara-blockchain-regulation-mena-middle-east/
U.S. President Joe Biden put forward a variety of crypto related taxes and regulations which he says could generate almost $10 billion next year, and over $42 billion over the next decade, according to his proposed 2025 budget:

https://fortune.com/crypto/2024/03/13/joe-bidens-latest-budge-proposal-calls-for-a-30-tax-on-crypto-mining/
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The Securities and Exchange Commission is waging an energetic legal campaign to classify Ethereum, the second-most popular cryptocurrency, as a security, according to U.S. companies that have received subpoenas related to an investigation:

https://fortune.com/crypto/2024/03/20/sec-gary-gensler-ethereum-security-commodity-crypto-foundation/
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Bitcoin has dropped 8% since Sunday night as demand for spot exchange-traded funds has cooled and hopes dwindle that the Federal Reserve will cut interest rates soon:

https://fortune.com/crypto/2024/04/02/bitcoin-declines-etfs-outflows-fed-rate-cuts/
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While awaiting his sentence, Zhao has been skiing in the Rockies and cultivating friendships with rich and powerful people like Sam Altman and former Sen. Max Baucus, who wrote a letter to the judge urging leniency.

Read more: https://fortune.com/crypto/2024/04/30/binance-cz-changpeng-zhao-prison-sentence/
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Crypto reporter Leo Schwartz breaks down the stories, trends, and coins that are shaping the future and business of crypto.

Discover the decentralized crypto world.

Subscribe to Fortune Crypto today: https://fortune.com/newsletters/fortune-crypto
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