1 / 1 Relevant items tagged with #Regulatory

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Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

[Oct 5 3:30 AM] Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be…

SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams

[Sep 19 6:06 AM] The SEC has taken action against romance scammers for the first time, charging two allegedly fake crypto exchanges with carrying out fraud.

Standard Chartered: Bitcoin Could Hit $125K Under Trump, $75K Under Harris

[Sep 13 1:30 AM] Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or…

Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

[Sep 10 11:30 PM] House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep…

Kraken Crypto Exchange Fined by Australian Court

[Aug 24 11:20 AM] The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination…

Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

[Aug 24 5:30 AM] Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid…

Bitcoin is holding $60K — Here’s why it’s important

[Aug 22 9:30 PM] Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000.

Hiro Systems Applauds SEC Decision to Close Stacks Investigation

[Jul 12 8:48 AM] The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite…

Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

[May 25 8:34 AM] As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset…

Bitcoin derivatives hint at potential rally above $73K — New all-time highs next

[May 21 10:42 AM] Bitcoin derivatives data suggests room for additional price upside in the coming weeks as Ethereum ETF approval chances rise.

SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin

[May 9 8:22 AM] Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful discourse with the cryptocurrency industry.

Nigerian officials proposed secret crypto settlement, claims Binance CEO

[May 7 3:33 AM] Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.

Middle East regulatory clarity drives crypto industry growth — Binance FZE head

[Oct 18, 2023 3:45 AM] UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches.

Binance’s Richard Teng denies FTX comparisons: ‘We welcome the scrutiny’

[Sep 11, 2023 4:15 AM] Binance regional markets head Richard Teng insists that, despite regulatory scrutiny, the company has no parallels to collapsed exchange FTX.

Another Executive Exits Binance Amid Regulatory Scrutiny

[Sep 6, 2023 5:30 AM] Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the…

US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation

[Aug 19, 2023 12:30 PM] A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a…

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure

[Apr 12, 2023 3:30 PM] According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S…

Regulation still key for the evolution of CeFi: Paris Blockchain Week

[Mar 23, 2023 8:20 AM] Regulatory considerations are front and center as a panel of cryptocurrency industry insiders unpacks the current state of CeFi and DeFi in Paris.

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

[Feb 10, 2023 3:30 PM] On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered…