69 / 82 Relevant items tagged with #Policy

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Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.

Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says

[Jun 8, 2023 12:07 AM] SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.

Binance Says Gensler Once Offered to Be an 'Informal Advisor'

[Jun 7, 2023 8:35 PM] A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.

UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules

[Jun 7, 2023 5:01 PM] The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.

Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted

[Jun 7, 2023 12:09 PM] With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought…

U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say

[Jun 7, 2023 8:57 AM] EU officials are hoping to tempt crypto innovators as Binance and Coinbase complain of regulation by enforcement in the U.S.

Kim Kardashian EMAX Suit to Proceed as Court Considers Updated Complaint

[Jun 7, 2023 5:34 AM] A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.

Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein

[Jun 7, 2023 4:41 AM] Crypto regulation has become a political debate and a turf battle between the SEC and the CFTC, the report said.

U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules

[Jun 7, 2023 2:39 AM] Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.

SEC’s Binance.US Probe Started in 2020, Court Filings Show

[Jun 7, 2023 1:44 AM] The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as they seek to freeze assets of the company.

Stablecoin Issuer Circle Receives Digital Token License in Singapore

[Jun 7, 2023 1:16 AM] The issuer of USDC received in-principle approval in November last year.

U.S. Court Tells SEC to Respond to Coinbase's Rulemaking Petition Within a Week

[Jun 7, 2023 12:18 AM] A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

[Jun 6, 2023 2:32 PM] The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday.

One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

[Jun 6, 2023 12:26 PM] The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal…

Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition

[Jun 6, 2023 9:26 AM] The market study may be the first of its kind to examine Web3 competition dynamics.

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

[Jun 6, 2023 8:16 AM] Gensler's comments follow landmark suits filed this week against Binance and Coinbase.

Coinbase Violated Securities Laws With Staking Program, Multiple U.S. State Regulators Allege

[Jun 6, 2023 7:32 AM] The crypto exchange is facing scrutiny from a task force of 10 U.S. state securities regulators including in Alabama and California after getting sued by the SEC on the same day.

EU ‘Crypto Security’ Debate Turns New MiCA Law on Its Head

[Jun 6, 2023 7:00 AM] An EU study published last week has reopened a debate over whether digital assets should be regulated as securities – though lawmakers appear to favor a tailored approach.

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

[Jun 6, 2023 6:30 AM] The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase on allegations of violating federal securities law, a day after filling a similar suit against Binance.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

[Jun 5, 2023 3:42 PM] The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry

[Jun 5, 2023 2:27 PM] The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking…

SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations

[Jun 5, 2023 9:15 AM] The U.S. Securities and Exchange Commission is suing crypto exchange Binance, Binance.US and its CEO, Changpeng "CZ" Zhao on allegations of violating federal securities laws.

New York’s Met Museum Agrees to Return $550K in FTX Donations

[Jun 5, 2023 3:24 AM] The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.

Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation

[Jun 5, 2023 2:34 AM] The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.

UK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation

[Jun 5, 2023 2:17 AM] The Crypto and Digital Assets All Parliamentary Group released its long-awaited inquiry into crypto on Monday.

Do Kwon's $428K Bail Request in Fake Passport Case Approved by Montenegro Court

[Jun 5, 2023 2:08 AM] A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.

Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions

[Jun 2, 2023 12:11 PM] In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors.

U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball

[Jun 2, 2023 12:00 PM] Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the…

Kenya Central Bank Takes Ambivalent Stance on Digital Currency

[Jun 2, 2023 10:01 AM] The allure of the CBDC is fading and issuing one "may not be a compelling priority," the bank said.

U.S. Commodities Agency May Change Risk Rules to Consider Crypto

[Jun 1, 2023 6:28 PM] The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from…