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The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20

20.2.2023
The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem

'Regulators let the bad guys get big' — Kraken CEO speaks out after SEC settlement

20.2.2023
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy "the good guys"

Crypto Shilling Costs Yet Another Celebrity A Million Dollars

20.2.2023
Yet-to-collapse cryptocurrency, EMAX, has just gotten another celebrity in hot water. Short for EthereumMax, the bullshit scheme was promoted on Twitter by former NBA player Paul Pierce, except he rather forgot to say he was being paid hundreds of thousands of dollars for doing so. As reported...

SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review

19.2.2023
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary...

ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

19.2.2023
Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing, and encouraged her to “constructively engage” with its community

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

18.2.2023
Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges...

NBA Star Paul Pierce to Pay $1.4M in Penalties for Promoting EthereumMax

18.2.2023
The U.S. Securities and Exchange Commission has charged former NBA player Paul Pierce with violating anti-fraud and anti-touting rules by promoting the EthereumMax cryptocurrency. Pierce has agreed to settle the charges and pay $1.409 million in penalties.... Read More: NBA Star Paul Pierce to...

Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

18.2.2023
Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt

Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report

18.2.2023
Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply...

Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint

17.2.2023
The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions

Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply

17.2.2023
Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers

SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined

17.2.2023
The DeFi market’s total value locked surpassed $50 billion for the first time in six months thanks to the bullish burst in the crypto market over the past week

Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon

17.2.2023
Timothy Massad, now a research fellow at Harvard’s Kennedy School of Government, says the government was right in issuing the complaint, adding that while stablecoins present risks, they also open the door to opportunities

CZ denies report Binance is considering major breakup with US business partners

17.2.2023
The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators

Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem

17.2.2023
The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging

SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

17.2.2023
Gary Gensler said investors in crypto projects "should know why celebrities are making those endorsements," as Kim Kardashian and Paul Pierce did for EMAX through social media

NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens

17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million....