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Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable
16.6.2024
Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.”...
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
16.6.2024
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the...
Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2
15.6.2024
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings....
New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State
15.6.2024
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed....
BIS Survey: 94% of Central Banks Exploring Digital Currency
15.6.2024
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors...
Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets
15.6.2024
Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization...
Mining execs establish organization to influence US crypto voters
14.6.2024
A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto
3 reasons why $65K marks the bottom for Bitcoin
14.6.2024
Bitcoin's resilience amid price drops indicates strengthening support at the $65,000 level
Gemini reaches $50M settlement with New York AG over Earn program
14.6.2024
Gemini Trust said that affected Earn users could expect “100% of the assets owed to them” within seven days
Ripple invokes SEC v. Terraform case, argues for smaller civil penalty
14.6.2024
The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds
Turkey targets Crypto with new 0.03% transaction tax
14.6.2024
Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes
US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions
14.6.2024
U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires U.S. taxpayers to report crypto transactions...
Tesla CEO Elon Musk Warns Against Government Overregulation
14.6.2024
Tesla CEO Elon Musk has expressed concern that excessive government expansion leads to more regulators than participants, negatively impacting the system. Musk acknowledged the need for regulators but stressed they should not outnumber players. He reiterated that the government should act as...
MiCA regulation takes shape under EBA’s newest guidelines
13.6.2024
The European Banking Authority has introduced a series of technical standards and guidelines for token issuers as MiCA implementation moves forward
Taiwan establishes association to help crypto firms self regulate
13.6.2024
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison
President Biden announces picks for SEC, FDIC and Treasury leadership
13.6.2024
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC
SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024
13.6.2024
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date
Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
13.6.2024
Terraform Labs ends operations, Terra community takes over
13.6.2024
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
13.6.2024
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing...