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Showing posts with the label financial regulation

One small step for Justin Sun, one giant leap for financial impunity

Justin Sun has finally taken his long-awaited trip to space, four years after he placed the highest bid for a seat on Blue Origin’s first manned mission. The controversial Tron founder, previously had to duck out after paying millions of dollars, due to the numerous regulatory lawsuits and civil suits brought against him in the United States. Upon landing, Sun kissed the ground, thanked Jeff Bezos and his parents, and stated it was only his first step in his mission to fund space exploration. However, the Chinese-Kittian national failed to thank the most important person involved in his ability to travel past the Kármán Line: President Donald J. Trump . Sun mysteriously welcomed back onto US soil Since election season last year, Sun has, in one way or another, managed to provide Trump with over $60 million in capital by spending and investing hundreds of millions of dollars into Trump tokens, companies, and other hi jinx. Since this spending spree, Sun has...

Coinbase Wins Regulatory License in Europe for Crypto Services

Top crypto exchange Coinbase has obtained a regulatory license to offer crypto services in Europe. On Friday, the exchange received a Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). Coinbase has also picked Luxembourg for its central EU hub, changing its mind from Ireland. JUST IN: Coinbase obtains regulatory license to offer crypto services across Europe. — Watcher.Guru (@WatcherGuru) June 20, 2025 “Coinbase is all in on Europe, and we’re advocating for crypto’s future across the continent,” Coinbase CEO Brian Armstrong told CNBC. “MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.” The decision also makes Coinbase the first U.S. crypto exchange to receive a MiCA license. Gemini, a rival crypto exchange, is expecting its own MiCCA license approval soon from Malta. A Coinbase representative today...