29 / 91 Relevant items tagged with #Regulation

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US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’

[Jul 11, 2024 3:53 PM] Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July.

CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

[Jul 11, 2024 3:18 PM] During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman…

Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

[Jul 11, 2024 2:01 PM] Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Gensler’s private communications on crypto were fair game.

House fails to override Biden’s veto on nullifying SEC crypto rule

[Jul 11, 2024 9:58 AM] Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.

SEC will not pursue enforcement action against Paxos

[Jul 11, 2024 9:02 AM] The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation

[Jul 11, 2024 5:20 AM] The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a…

Binance finalizes sale of majority stake in Gopax: Report

[Jul 11, 2024 4:33 AM] Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.

Asia, Africa see rise in share of crypto startups this year, says accelerator

[Jul 10, 2024 9:30 PM] Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets.

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

[Jul 10, 2024 8:30 PM] A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November…

Senate Committee Discusses Strong Federal Oversight of Crypto Markets

[Jul 10, 2024 6:31 PM] The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection…

BitMEX pleads guilty to Bank Secrecy Act violation

[Jul 10, 2024 3:38 PM] BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.

US lawmakers meet with crypto advocates in DC roundtable

[Jul 10, 2024 1:54 PM] Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US president was considering changing his position on crypto.

Coinbase’s Stand With Crypto initiative to launch in Canada

[Jul 10, 2024 10:25 AM] The group hinted at advocating for crypto regulation in Canada and updating the country’s financial system, as residents had an “appetite” for change.

Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency

[Jul 9, 2024 1:45 PM] The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent…

Chamber of Progress says Biden can ‘still win’ on crypto against Trump

[Jul 9, 2024 12:20 PM] According to the advocacy group, the US president still has an opportunity to counter Donald Trump’s “change of heart on cryptocurrency” by supporting regulation.

Sentencing for ex-FTX execs set for October, November

[Jul 9, 2024 9:14 AM] Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.

Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

[Jul 8, 2024 9:11 PM] Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy…

US Republicans under Trump include crypto in official party platform

[Jul 8, 2024 3:00 PM] The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President.

Crypto-Friendly Sen. JD Vance's Odds as Trump VP Pick Double on Polymarket

[Jul 8, 2024 2:49 PM] Traders on the crypto-based prediction market now see a 29% chance that the Ohio Republican will be former President Trump’s running mate, up from 14% a week ago.

VanEck and 21Shares send amended Ether ETF filings to SEC

[Jul 8, 2024 1:31 PM] Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.

Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate

[Jul 8, 2024 9:14 AM] Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren.

Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange

[Jul 7, 2024 5:30 AM] The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual…

North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies

[Jul 6, 2024 7:41 PM] The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The…

Former US solicitor general claims regulators want to ‘debank’ crypto

[Jul 5, 2024 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.

UK crypto advocates call for consistent policy after Labour landslide

[Jul 5, 2024 10:51 AM] At least one industry leader suggested that crypto policy in the United Kingdom would be “business as usual” despite the change in government.

Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements

[Jul 4, 2024 10:09 PM] Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been…

UK exit poll suggests Labour Party victory, next PM Keir Starmer

[Jul 4, 2024 3:08 PM] According to a BBC exit poll after a July 4 general election, Labour was set to oust the Conservatives for the first time in 14 years.

South Korean government to launch crypto transaction monitoring system

[Jul 4, 2024 10:37 AM] Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions.

Bitwise files amended Ethereum ETF S-1 — experts predict July launch

[Jul 3, 2024 3:25 PM] SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July.

Binance exec trial will resume July 5 as family reports health problems

[Jul 3, 2024 1:22 PM] Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.