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Nalezeno "Crypto industry": 897

US Senator Cynthia Lummis Blasts SEC Actions Against Coinbase, Explains Crypto Industry Is Being Pushed Offshore

8.6.2023
Wyoming U.S. Senator Cynthia Lummis has heavily criticized the recent legal action of the Securities and Exchange Commission (SEC) against Coinbase, stating that it might push the cryptocurrency industry and its innovation offshore. Lummis also remarked that the SEC has failed to streamline a path...

Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown

7.6.2023
In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks...

SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry

7.6.2023
Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets. During an interview with Bloomberg on Tuesday, the chairman said financial advisors should not look to Binance as...

SEC lawsuit against Binance and Coinbase unifies the crypto industry

7.6.2023
Blockchain Association CEO Kristin Smith said that while the SEC's approach to regulation is expected due to its anti-crypto stance, it’s still "unacceptable."

Binance v SEC: Crypto industry debates 'Tai Chi' vs 'Operation Chokepoint 2'

6.6.2023
The SEC lawsuit comes within months of the CFTC lawsuit against Binance mounting its regulatory woes in the U.S

Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry

5.6.2023
The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco...

CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review

4.6.2023
Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In other news, the chairman of Russia’s...

What the ‘anti-mining bill’ means for the crypto industry in Texas

30.5.2023
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation

Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100

30.5.2023
A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of business, has been ranked at the very bottom of the list...

Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations

25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...

Crypto industry leveled in 2022 — Bitmex CEO

25.5.2023
BitMEX’s CEO reflects on a tumultuous 2022 for the cryptocurrency industry and the effects of the FTX fallout and other recent major events

Tax Authority Slated to Become Main Crypto Regulator in Russia

17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...

Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....

Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

10.5.2023
The U.K. opened its plans for regulating the crypto sector for public comment back in February

New White House standards strategy could have implications for crypto industry KYC

4.5.2023
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID

US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’

30.4.2023
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important...

Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...