50 / 82 Relevant items tagged with #Regulation
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Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
[Aug 11, 2023 11:30 PM] Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article…
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
[Aug 11, 2023 7:30 PM] Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex…
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
[Aug 11, 2023 3:45 PM] Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction.
Spot Bitcoin ETF Applications Face More Delays
[Aug 11, 2023 1:30 PM] The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public…
Judge revokes Sam Bankman-Fried’s bail, remands him to custody: Report
[Aug 11, 2023 1:23 PM] Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case.
SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments
[Aug 11, 2023 8:40 AM] ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm’s spot BTC ETF application.
SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz
[Aug 10, 2023 8:00 PM] Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the…
Argentine agency opens investigation into Worldcoin over biometric data
[Aug 10, 2023 3:29 PM] The Agency for Access to Public Information in Argentina was the latest government body to investigate Worldcoin, with reports suggesting probes in Germany, France and Kenya.
SEC announces $24M settlement for case against Bittrex and its former CEO
[Aug 10, 2023 3:10 PM] The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.
Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign
[Aug 10, 2023 1:15 PM] Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program.
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
[Aug 10, 2023 10:04 AM] Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely restricted from moving funds over $10,000.
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
[Aug 10, 2023 3:00 AM] The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some…
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
[Aug 9, 2023 5:30 PM] The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance…
Federal judge suggests Q2 2024 trial for SEC case against Ripple execs
[Aug 9, 2023 2:36 PM] Aiming for a jury trial to start between April 1 and June 30, 2024, Judge Analisa Torres laid out deadlines for the SEC and Ripple defense lawyers to submit certain motions.
US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin
[Aug 9, 2023 1:10 PM] Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.”
Star Trek trademarks for NFTs: The final frontier
[Aug 9, 2023 11:00 AM] CBS Studios applied to use the name “Star Trek Continuum” for nonfungible tokens and crypto collectibles.
SEC Chair Warns AI Poised to Drive Future Financial Crises
[Aug 8, 2023 11:30 PM] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some…
Report: Kenyan Police Raid Worldcoin’s Offices Just Days After Govt Suspended the Crypto Project
Private Equity Giant David Rubenstein Makes the Case for Bitcoin
[Aug 8, 2023 3:19 PM] Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money…
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
[Aug 8, 2023 1:37 PM] It's unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried's trial in October.
Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial
[Aug 8, 2023 12:42 PM] Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge.
PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto
[Aug 8, 2023 11:45 AM]
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos
[Aug 7, 2023 1:57 PM] “The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges
[Aug 7, 2023 12:45 PM] Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements.
G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules
[Aug 6, 2023 8:30 PM] The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and…
Worldcoin Confirms Kenya ID Verification Pause
US lawmakers urge White House to address North Korea’s use of digital assets: Report
[Aug 4, 2023 1:00 PM] Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July.
'The SEC has violated due process' — Coinbase CLO on motion to dismiss lawsuit
[Aug 4, 2023 9:40 AM] Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that the XRP token largely did not qualify as a security by the commission’s standards.
Oman financial regulator seeks feedback on proposed virtual asset framework
[Aug 4, 2023 5:59 AM] Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned.