68 / 82 Relevant items tagged with #Policy

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Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue

[Jun 13, 2023 9:58 AM] The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.

Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months

[Jun 13, 2023 8:15 AM] The two are the first companies added by the Financial Conduct Authority to the crypto register in six months.

Hinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC Officials

[Jun 13, 2023 7:42 AM] A number of SEC officials deliberated about how clear the famous speech actually was about ETH’s status.

U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Industry Says

[Jun 13, 2023 7:30 AM] The U.S. Securities and Exchange Commission (SEC) wants to stretch how it identifies exchanges it needs to regulate, and the agency’s inbox is jammed with crypto industry letters accusing it of reaching well beyond its legal powers and potentially…

UK Has No Plans for 'Crypto Tsar' Proposed by Some Lawmakers, Minister Says

[Jun 13, 2023 5:41 AM] Economic Secretary to the Treasury Andrew Griffith reiterated the government's position that crypto should not be treated like gambling.

FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say

[Jun 13, 2023 1:14 AM] A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says

[Jun 13, 2023 12:23 AM] The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud.

SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims

[Jun 12, 2023 2:56 PM] A Securities and Exchange Commission (SEC) Monday effort to freeze Binance.US's funds is a "draconian and unduly burdensome" move, the U.S. affiliate of the global crypto exchange argued Monday.

Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown

[Jun 12, 2023 11:08 AM] The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said.

BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge

[Jun 12, 2023 9:51 AM] Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.

SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan

[Jun 12, 2023 4:01 AM] Without a more solid legal framework, cryptocurrency activity will probably continue moving outside the U.S. and into decentralized entities, the report said.

Binance's Nigeria Unit Ordered to Halt 'Illegal' Operations by Securities Watchdog

[Jun 10, 2023 6:19 AM] The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.

CFTC Wins Lawsuit Against Ooki DAO

[Jun 9, 2023 3:33 PM]

Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment

[Jun 9, 2023 9:04 AM] The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.

Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms

[Jun 9, 2023 8:39 AM] Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.

Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says

[Jun 9, 2023 4:49 AM] Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.

EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says

[Jun 9, 2023 4:38 AM] A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.

Hong Kong Monetary Authority to Prepare for Retail CBDC

[Jun 9, 2023 4:26 AM] The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.

Cardano Developer Rejects SEC Claim Its ADA Token Is a Security

[Jun 9, 2023 2:51 AM] “Under no circumstances is ADA a security under U.S. securities laws,” IOG said.

EU’s Landmark Crypto Law MiCA Published in Official Journal

[Jun 9, 2023 12:34 AM] The procedural move means landmark licensing, stablecoin and anti-money laundering rules apply as of December 30, 2024.

New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats

[Jun 8, 2023 10:08 PM] The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers.

FTX Bankruptcy Judge Says U.S. Courts Should Have Full Control Over $7.3B in Disputed Assets

[Jun 8, 2023 4:25 PM] Tk

Solana Foundation: SOL is 'Not a Security'

[Jun 8, 2023 3:04 PM] SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.

SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Heat Was Coming

[Jun 8, 2023 10:30 AM] U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.

Providing Regulatory Clarity (Binance and Coinbase Edition)

[Jun 8, 2023 8:00 AM] The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

[Jun 8, 2023 6:30 AM] The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

[Jun 8, 2023 6:17 AM] Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity.

Social Media Targeted in EU Consumer Group Complaint About Crypto Ads

[Jun 8, 2023 2:58 AM] BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto

Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection

[Jun 8, 2023 2:21 AM] If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.

UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services

[Jun 8, 2023 2:09 AM] While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.