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Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration
17.7.2023
Gensler was asked about the Ripple decision twice shortly after the ruling, and his main message was that he would rather not talk about it
Ripple court ruling makes call for regulation 'more compelling and more urgent' — former CFTC chair
17.7.2023
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP's favor
Former CFTC Chair: Crypto Regulations Must Not Wait for Litigation, Standards Needed Today
12.7.2023
A crackdown on the crypto industry in the US should not wait for litigation in courts to conclude, but instead move forward with temporary restraints while the courts do their work, a former regulator has said.
Speaking with CNBC on Monday, Timothy Massad, former chairman of the Commodity Futures...
Peter Schiff: The Fed Has Lost Inflation Fight — ‘Markets Just Haven’t Figured That out Yet’
7.7.2023
Economist Peter Schiff has warned that the Federal Reserve has lost and inflation is about to get worse. “The markets just haven’t figured that out yet,” he cautioned, emphasizing that “We continue to get a lot of weak economic data.” ‘The Fed Has Lost’ Economist and gold bug Peter...
2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023
3.7.2023
Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...
BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel
3.7.2023
BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator.
Caroline Butler, the global head of digital assets at BNY Mellon, and Sandy Kaul, the head of digital and industry advisory services...
Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts
2.7.2023
The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law on SEC positions and quit the personal attacks on the...
Former SEC Chair Jay Clayton on US Regulator’s New Enforcement Ethos: ‘I Think That’s Problematic’
1.7.2023
Jay Clayton, former chair of the U.S. Securities and Exchange Commission (SEC), has revealed his stance on the recently implemented enforcement strategy of U.S. regulators. In an interview on CNBC, Clayton stated that the SEC’s strategy of bringing myriad cases to court against U.S....
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
1.7.2023
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could...
Coinbase Alleges SEC Lacks ‘Any Powers to Regulate Digital Asset Exchanges’ in Recent Filing
30.6.2023
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved in the illegal brokerage of securities. Coinbase alleges that...
Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low
28.6.2023
Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally, traders’ nerves increased ahead of Federal...
Economist Peter Schiff Slams Fed Chair Over Economic Concerns — Claims Powell Overlooks ‘Far More Relevant’ Factors
24.6.2023
Economist Peter Schiff has slammed Federal Reserve Chairman Jerome Powell over several key issues concerning the U.S. economy, the banking system, and the U.S. dollar. “Powell is a coward. He is not doing his job,” Schiff claimed, highlighting multiple factors affecting the economy that the...
Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
23.6.2023
Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed Chair Powell on Threat of De-Dollarization,...
Bitcoin, Ethereum Technical Analysis: BTC Above $30,000, ETH Hits $1,900 Following Moving Average ‘Death Cross’
22.6.2023
Bitcoin extended recent gains on Thursday, climbing above the $30,000 level for the first time since April, and ahead of Fed Chair Powell’s testimony today. The move also came following a death cross of moving averages, which prompted bulls to intensify buying pressure. Ethereum moved to...
Federal Reserve Chairman Says Crypto Appears to Have Staying Power in US Economy
22.6.2023
Federal Reserve Chairman Jerome Powell has acknowledged that cryptocurrency appears to have staying power as an asset class in the U.S. economy. In addition, he stated that the central bank views payment stablecoins as a form of money, emphasizing that it would be appropriate to have a robust...
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...
Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins
21.6.2023
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee
Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down
20.6.2023
The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he "like[s] crypto" in December 2021
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...
Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis
18.6.2023
Economist Peter Schiff says the U.S. dollar decline will be “far greater” than what Treasury Secretary Janet Yellen has warned. “This portends a significant decline in our standard of living,” he cautioned. Furthermore, the economist stressed that Federal Reserve Chairman Jerome...