A crypto lawyer believes that the NYDFS’ enforcement action against Paxos was motivated by Circle’s complaint last year. The lawyer claims that the action may have nothing to do with the security attr...
Tag: Crackdown
Circle Warned NYDFS About Binance Reserves Prior to BUSD Crackdown: Report
Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token res...
Coinbase CEO Brian Armstrong Heads to Washington To Talk Crypto With Regulators Amid SEC Crackdown
Coinbase chief executive Brian Armstrong says he’s in Washington, D.C. to talk to officials about crypto as the industry faces a wave of regulatory scrutiny. In a tweet to his 1.1 million followers, A...
DeFi Could Face Challenges Due to SEC’s Crackdown on Crypto Staking: Lido DAO Exec
Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking ser...
ARK Invest’s Cathie Wood Says SEC Crypto Crackdown Great for Decentralization but Not So Good for US
The chief executive of ARK Invest says that the U.S. Securities and Exchange Commission’s (SEC) latest enforcement actions could have a negative impact on the competitiveness of the country’s crypto i...
Polkadot mulls research into ‘token morphism’ amid regulatory crackdown
The Polkadot community is looking into conducting a research study centered around “token morphism,” a term used to describe the process that was used to transform the protocol’s native dot toke...
SEC’s crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
A crackdown by the United States securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO. Jac...
SEC crackdown could ‘benefit’ decentralized staking if it isn’t banned – Lido exec
Jacob Blish, head of business development at the decentralized autonomous organization (DAO) that runs Lido Finance, said the SEC’s enforcement actions are likely a “net benefit” for...
Is DeFi in Trouble? Largest Crypto Staker Lido Sounds Alarm After SEC’s Kraken Crackdown
Lido Finance, one of the largest liquid staking programs with over 5 million staked Ethers, has issued uncertainty concerns on the status of Decentralized Financial ecosystems (DeFi) following last we...
Decentralization Will Triumph in US Crypto Crackdown
The crypto space has always been known for its decentralized nature, a feature that has made it attractive to investors, entrepreneurs, and traders alike. However, in recent times, financial regulator...
What Ethereum Staking Means After the Kraken Crackdown
Join Our Telegram channel to stay up to date on breaking news coverage The outcome of Kraken’s settlement with the Securities and Exchange Commission will have a significant impact on the cryptocurren...
SEC’s Crackdown on Kraken’s Staking Program Puts Other Players on Notice ⋆ ZyCrypto
Advertisement     On Thursday, Kraken agreed to shut down its cryptocurrency staking services in the US and pay a $30 million fine to settle charges against it by the ...
Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown – Mining Bitcoin News
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s a...
PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown
The digital payments giant PayPal is reportedly pausing work on its stablecoin following news that its partner in the effort is under investigation by a New York regulatory agency. PayPal, which just ...
Kraken Trading Volume up 20% Despite SEC Crackdown: Here’s What’s Happening
American multinational digital currency trading platform Kraken has seen a jump in its trading volume despite having fallen into the crosshairs with the United States Securities and Exchange Commissio...
The SEC’s Latest Crackdown on Crypto Innovation – Op-Ed Bitcoin News
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what doe...
PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto
– Advertisement – Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant had partnered with Paxos for its stable...
PayPal pauses Stablecoin development amid regulatory crackdown
Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry. Its stablecoin development partner Paxos is currently facing a pr...
What the Kraken Crackdown Means for Ethereum Staking
There’s a lot at stake in how Kraken’s settlement with the Securities and Exchange Commission plays out for the crypto industry. On Thursday afternoon, the SEC announced that crypto exchange Kraken ag...
Ripple General Counsel Compares US Crypto Crackdown to Early Snowboarding Resistance
It comes as a regulatory noose appears to be tightening around the emerging industry. Ripple General Counsel Stuart Alderoty has compared the resistance to crypto in the United States to the oppositio...
SEC Staking Crackdown Could be Positive For Decentralized ETH
On Feb. 9, Gary Gensler and his SEC took aim at Kraken and its staking-as-a-service products. The regulator claims that the U.S. crypto exchange is offering unregistered securities through its staking...
Coinbase stock drops again as SEC crackdown on staking spooks investors
A crackdown on crypto staking from the SEC has weighed on shares of Coinbase (COIN) this week following charges levied at competitors and a cryptic tweet from CEO Brian Armstrong. Shares of Coinbase f...
Crypto Crackdown Exposes Internal Battle Within The U.S. SEC
Following the settlement reached by Kraken and its subsidiaries Payward Ventures and Payward Trading with the Securities Exchange Commission (SEC) on February 9, covered by Bitcoinist, Commissioner He...
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions – Regulation Bitcoin News
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...
Will the SEC Crackdown on Staking Prove to Be a Win for DeFi?
The Securities and Exchange Commission (SEC) seems determined to attack crypto-staking services after filing charges against Kraken. But what will the consequences be for DeFi? Crypto staking is again...
DeFi Staking Tokens Volatile Following SEC’s Crackdown On Staking Services
– Advertisement – The SEC’s crackdown on centralized staking services has induced volatility in liquid staking tokens. Traders poured into DeFi staking due to the uncertainty surrounding ...
“Paternalistic and Lazy”: SEC Commissioner Blasts Agency Crackdown on Kraken
Key Takeaways The SEC is forcing Kraken to shut down its staking services in the United States, claiming the platform failed to properly register the program. SEC Commissioner Hester Peirce disagrees ...
Coinbase’s Stock Shreds 14% Following SEC Crackdown on Crypto Staking
The stock of leading U.S. cryptocurrency exchange Coinbase (COIN) has suffered its biggest daily loss in seven months after the country’s Securities and Exchange Commission (SEC) forced rival exchange...
US SEC Crypto Staking Crackdown Benefits DeFi Services
Decentralized finance protocols such as Lido, Rocket Pool, and StakeWise may benefit from the U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking services, reported Bloomber...
XRP Ledger-based Crypto-to-Fiat Solution Halts Reward Programs Citing SEC Crackdown
XRPayNet chooses to err on the side of caution in the face of recent SEC enforcement action. XRPayNet, a crypto-to-fiat payment solution built on the XRP Ledger, has disclosed a decision to halt its s...