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U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
9.11.2023
As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses
Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
8.11.2023
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
8.11.2023
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have...
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
8.11.2023
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said
UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
8.11.2023
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means...
EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
8.11.2023
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said
Swiss Crypto Bank SEBA Wins Hong Kong License
8.11.2023
The bank's Hong Kong unit can now deal in and distribute securities, including virtual assets-related products
CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says
8.11.2023
Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group's general manager Agustín Carstens said
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Crypto's Bromance With U.S. CFTC May Be One-Sided
7.11.2023
Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday
U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments
7.11.2023
A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions
The Alameda gap and crypto liquidity crisis explained
7.11.2023
The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud
The Crypto Industry Responded to the IRS Proposed Broker Rule
7.11.2023
The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed – the majority of comments I read urged caution or raised concerns about the proposal as written while only a relative few seemed to support it
U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud
7.11.2023
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency
U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers
7.11.2023
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation
Kenyan Blockchain Association to Issue First Draft of The Country’s Crypto Regulation
7.11.2023
Source: Pexels The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. According to local media reports, the lobby group met with the National Assembly...
Coinbase Adds Four National Security Experts to its Global Advisory Council
7.11.2023
Coinbase has added four national security experts, including former U.S. Secretary of Defence Dr. Mark T. Esper, to its Global Advisory Council
Coinbase Blocked in Kazakhstan for Breaking New Digital Assets Law: Report
7.11.2023
Issuance, circulation, and offering trading of "unsecured digital assets" is prohibited outside the country's financial center under laws that came into effect earlier this year
Blockpit Acquires Rival Tax Platform Accointing to Improve EU Crypto Tax Services
7.11.2023
Source: Blockpit Blockpit, an Austria-based crypto tax service provider, has acquired its rival platform Accointing from the crypto data company Glassnode. This acquisition positions Blockpit to align with the upcoming EU tax regulations, known as the Eighth Directive on Administrative Cooperation...
US Supreme Court to Decide Whether Coinbase Can Force Users to Settle Disputes Through Arbitration
7.11.2023
The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising....