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Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e

[Jun 9, 2023 1:30 PM] In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized…

Coinbase CEO Brian Armstrong: China Will Benefit From Restrictive US Crypto Policies

[Jun 3, 2023 1:30 AM] Coinbase CEO Brian Armstrong has stated China will be one of the biggest beneficiaries of how the U.S. is approaching cryptocurrency regulation. According to Armstrong, the current regulatory system drives cryptocurrency innovation offshore, while…

UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling

[May 20, 2023 9:30 PM] A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies…

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

[May 7, 2023 7:30 PM] New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have beco

Fed Chair Powell on Crypto: We See Turmoil, Fraud, Lack of Transparency, Run Risk

[Mar 7, 2023 6:30 PM] Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of…

Change lies ahead for haphazard crypto regulation

[Feb 24, 2023 3:20 PM] Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

[Feb 22, 2023 1:30 PM] According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has…

US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers

[Feb 16, 2023 4:35 PM] The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive…

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto

[Jan 27, 2023 9:30 PM] A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current…

Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval

[Jan 21, 2023 8:30 PM] The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer…

South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools

[Jan 18, 2023 10:30 PM] South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the…

US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX

[Dec 20, 2022 7:30 PM] A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how…

Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto

[Dec 20, 2022 6:30 AM] Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian…

US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy

[Nov 17, 2022 9:00 PM] U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital…

Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation

[Nov 15, 2022 5:30 PM] U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard…

Kevin O’Leary: FTX Collapse Is a Turning Point for the Industry — ‘Crypto Bottom Is In’

[Nov 14, 2022 5:30 PM] Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now…

US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’

[Nov 10, 2022 9:00 PM] U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the law to protect consumers…