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Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business Operators, US Judge Orders Hydrogen to Pay $2.8M in Penalties

24.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Standard Chartered Says BTC Could Hit $100K by 2025, Bank of Korea Allowed to Investigate Crypto Business...

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show

24.4.2023
The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said

Do Kwon Lawyers: SEC Has No Terra Jurisdiction – Could CEO Walk Free?

24.4.2023
The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities. The lawyers claimed that the SEC charges against Terraform, Kwon, and other executives are baseless. And they filed...

SEC wins $2.8M in suit over alleged crypto token price manipulation

24.4.2023
Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case

22.4.2023
Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using...

Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

22.4.2023
Kwon's lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA)

First Mover Americas: Bitcoin Falls to $28K

21.4.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for April 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm

21.4.2023
The venture capital firm pointed out the fundamental differences between crypto assets and securities

U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients

20.4.2023
The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin

Ether’s Security Status Remains Unclear as SEC Chair Gensler Fails to Answer Lawmaker’s Question

20.4.2023
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s...

Ethereum Price Prediction as SEC Chair Gary Gensler Refuses to Say if ETH is a Security – Bullish for Ethereum?

19.4.2023
A combination of rising US bond yields, concerns about what hotter-than-expected UK inflation might mean for the US inflation outlook and an aggressive liquidation of long positions has seen the price of Ether (ETH) drop sharply on Wednesday. But price predictions still remain upbeat. ... Read...

Coinbase CEO Considers US Exit Amid Regulatory Uncertainty – Here's the Latest

19.4.2023
Coinbase CEO Brian Armstrong has indicated that the exchange could leave the US if regulators don't clarify their approach to the digital asset space. "Anything is on the table, including relocating or whatever is necessary," he said during the Innovate Finance Global Summit Tuesday after former...

Congress members torching SEC boss while Bitcoin reclaims $30k

19.4.2023
After years of tormenting the crypto industry, the SEC boss, Gary Gensler, is under heavy fire. The Chair was recently torched by the US Congress members for shilling Algorand previously. Gary recently attended a court hearing where the congressmen asked the Chair about ETH. The 5-minute grilling...

US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’

19.4.2023
A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating...

SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing

19.4.2023
Securities and Exchange Commission Chair Gary Gensler refused to say whether ether, the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday

What’s in the House Financial Services Committee’s Stablecoin Bill?

19.4.2023
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins