G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week

Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.Source

SEC Seeks to Slash $22M Fine on Crypto Firm LBRY to $111K

A U.S. judge ruled in November that the crypto startup had violated securities laws by selling its native LBC token without registering with the SEC.Source

Ether Holders Embrace Near Month-Long Wait for Staking ETH

Demand for staking ether has surged, resulting in wait times of over a month for a 5% annualized yield as of Monday.Source

U.S. DOJ’s Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Exchanges: FT

Eun Young Choi said the DoJ is targeting crypto exchanges that allow “criminal actors to easily profit from their crimes and cash out,”Source

Bitcoin Cash Prices Bump Ahead of ‘CashTokens’ Upgrade

The upgrade is set to go live on mainnet at noon UTC on Monday.Source

Jack Butcher Expands Checks NFTs Ecosystem With Physical Print-Backed ‘Elements’ Collection

The artists’ new NFT collection, featuring the signature Checks grid, explores the four classical elements of earth, fire, water and air.Source

First Mover Asia: Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs

ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins is increasing, writes CoinDesk analyst Glenn Williams.Source

Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar

The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding.Source

Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retailSource

Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind

While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.Source