US stablecoin bills might someday pass, but not this one
Stablecoins were front and center in the House of Representatives' Financial Services Committee hearing last Wednesday, and some of the opinions voiced were more than a little unstable.
Stablecoins were front and center in the House of Representatives' Financial Services Committee hearing last Wednesday, and some of the opinions voiced were more than a little unstable.
Gary Gensler took a jab from Rep. Patrick McHenry after claiming that the 'crypto' market is noncompliant with the law, with the latter saying that the SEC hasn't even clarified the statute of digital assets.
At least $1.3 billion in revenue were allegedly collected by Bittrex entities acting as broker-dealers, exchanges, and clearing agencies since 2014 without prior registration with the U.S. securities regulator.
Under the proposed expansion of Exchange Act Rule 3b-16, which garnered a 3-2 vote among commissioners, DeFi platforms would be included as "exchange" systems as regulators ramp up securities laws.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
Vishal Gupta said he would pursue an undisclosed new blockchain-based project, stating in a Twitter thread that it was “time for me to move on” but played coy on his future plans.
The FTX collapse did not happen overnight but seemed to be predetermined, with a new report coming to light highlighting the recovery of billion-dollar assets and tokens that have yet to be secured.
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
Slamming a Bloomberg report, Tether insists it did not have an account with Signature Bank, but its use of Signet to facilitate USD transactions has authorities raising their brows.
A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make up a mere 4.3% of the criminal pie.
Germany’s Federal Financial Supervisory Authority is reportedly investigating the Singapore-based Crypto.com for failing to deliver on its promise to secure a formal partnership with local brokerage CM-Equity.
Binance has a well-deserved reputation of undermining local regulators by acting outside the rule of law when doing so improves the company’s bottom line.