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US CFTC Chair Says Claim That the Agency Is a ‘Light Touch Regulator’ Could Not Be ‘Farther From the Truth’
6.6.2023
US Commodity Futures Trading Commission Chair Rostin Behnam pushed back on assertions that his agency would be a “light touch regulator” for cryptocurrency, following an eventful week and as lawmakers contemplate legislation to regulate cryptocurrencies.
Behnam was asked on Tuesday during a House...
SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges
6.6.2023
Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.
Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against...
US CFTC Chair Behnam, Coinbase Chief Legal Among Others To Testify at House Hearing
6.6.2023
The US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s Chief Legal Officer Paul Grewal and a slew of former regulators are set to testify Tuesday morning in front of a US congressional committee.
The House Agriculture Committee will meet to discuss legislation to regulate...
Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes
22.5.2023
Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Despite Optimism Fed Could Soon Pivot
20.5.2023
Bitcoin started the weekend in consolidation, as markets remained nervous despite somewhat dovish comments from U.S. Fed Chair Jerome Powell. Speaking on Friday, Powell stated that rates may not be increased by as much as initially expected. Ethereum rose marginally higher today. Bitcoin Bitcoin...
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
19.5.2023
“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel
US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest
19.5.2023
Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam....
Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges...
Bitcoin Price Prediction as Market Awaits Fed Chair Powell Speech – Is the Bear Market Over?
19.5.2023
Fed Chair Powell's recent speech has sparked significant interest and speculation within the financial community.
As one of the most influential figures in the global economy, Powell's remarks carry substantial weight and have the potential to impact various sectors, including the cryptocurrency...
Bitcoin Price Prediction Following Fed Chair Powell's Speech – Is the Bear Market Over?
19.5.2023
Fed Chair Powell's recent speech has sparked significant interest and speculation within the financial community.
As one of the most influential figures in the global economy, Powell's remarks carry substantial weight and have the potential to impact various sectors, including the cryptocurrency...
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000, Ahead of Powell Speech
19.5.2023
Bitcoin once again fell below the $27,000 level on Friday, ahead of a panel discussion which includes Fed Chair Jerome Powell. Powell will be holding a discussion with former Chair Ben Bernanke at a conference in Washington. Ethereum was marginally lower today. Bitcoin Bitcoin (BTC) dropped below...
FDIC Chair Criticizes Signature Bank's Lack of Understanding on Crypto Risks
16.5.2023
Amid crashing stock prices, the Federal Deposit Insurance Corporation (FDIC) points fingers at crypto and poor management for Signature Bank’s demise.
Remarking at a US House of Reps hearing, FDIC chair, Martin Gruenberg, attributed Signature’s failure to ignorance of the risks associated with...
Signature Bank failed to understand risks associated with crypto: FDIC chair
16.5.2023
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.”
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
16.5.2023
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant
SEC Chair Says Crypto Intermediaries Are Rife With Conflict and Urges Compliance
15.5.2023
The US Securities and Exchange Commission stands ready to help crypto intermediaries come into compliance, said the agency’s Chair Gary Gensler.
Gensler spoke Monday at the Atlanta Fed's 2023 Financial Markets Conference, following rising tension between the regulator and exchanges on how to...
SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback
15.5.2023
US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets.
Gensler was asked on Monday during Atlanta Fed's 2023 Financial Markets Conference to comment on the dispute with Coinbase why the...
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
14.5.2023
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in...
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
12.5.2023
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect...
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
12.5.2023
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid...
US House Financial Services Committee Chair Rep. McHenry Accuses SEC Chair of Avoiding Answering Questions
11.5.2023
House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon....
Read More: US House...
Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing
9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.
The House Financial Services Subcommittee on Digital Assets, Financial...