The U.S. Securities and Exchange Commission plans to sue Paxos for listing the Binance USD coin, alleging it is an unregistered security, according to the Wall Street Journal.The SEC sent Paxos, a blo...
Tag: Policy
Attitudes begin to shift regarding monetary policy, economic growth, and stock prices
This post was originally published on TKer.co Stocks declined, with the S&P 500 falling 1.1% last week. The index is now up 6.5% year to date, up 14.4% from its October 12 closing low of 3,577.03,...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
Brazil’s oldest bank says you can now pay your taxes with crypto
Banco do Brasil, the South American country’s oldest bank, says it’s now possible to do what many blockchain enthusiasts have long wanted — the ability to pay the taxman in crypto. T...
G20 exploring coordinated crypto regulation: Reuters
Nirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is exploring whether it can coordinate on crypto regulation. Sitharaman — whose government,...
Coinbase says its staking services are not securities
Missteps in regulating the technology underlying staking ecosystems may have serious — and negative — consequences, including forcing U.S. consumers to less-regulated foreign platforms, Coinbase Chie...
Crypto CEO pleads guilty to $250 million scam, SDNY says
Eddy Alexandre, the CEO of a purported cryptocurrency and currency trading platform called EminiFX, pleaded guilty to one count of commodities fraud and agreed to forfeit $248.8 million in addition to...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
Citi Dropped from Texas $3.4 Billion Muni Deal on Gun Policy
(Bloomberg) — Citigroup Inc. has been dropped from the group of banks poised to handle the biggest-ever municipal-bond transaction from Texas after the state’s attorney general’s office determin...
President of Senegal likes El Salvador bitcoin policy
The president of the Republic of Senegal, Macky Sall, expressed interest in the government’s bitcoin policy in El Salvador, which he claimed has been bolstered by the use of bitcoin (BTC) since it bec...
SEC’s targeting of Kraken staking program sends shockwaves through industry
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new ...
Paxos facing probe by New York regulator: CoinDesk
Stablecoin issuer Paxos is being investigated by the New York Department of Financial Services, according to a CoinDesk report. The news comes after rumors that Paxos was asked to withdraw an ap...
Kraken settles SEC charges over its staking program
Kraken agreed to settle charges brought by the Securities and Exchange Commission for failing to register the offer and sale of its “crypto asset staking-as-a-service program” and will pay a $30 milli...
Senate Foreign Affairs Committee holds a hearing on U.S.-China policy
The Senate Foreign Relations Committee is holding a hearing titled “Evaluating U.S.-China Policy in the Era of Extreme Competition.” The hearing comes two days after President Joe Biden hi...
Venture capital expected to see more regulatory scrutiny after FTX
Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission’s Christy Goldsmith Romero spoke about a “trust deficit” am...
CFTC can take steps now to protect crypto customers: Johnson
The Commodity Futures Trading Commission’s Kristin Johnson said the agency should consider steps it can take under its current regulatory authority to protect customers following the failure of FTX. ...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Bankrupt crypto giant FTX racks up millions in legal and consulting bills
Going broke isn’t cheap. Troubled crypto exchange FTX and its affiliated companies racked up more than $20 million in legal and consulting bills during the first several months of its ban...
Twitter Reinstates GOP Sen. Steve Daines’ Account Hours After Suspending It For Violating Policy Against Graphic Images
Topline Twitter reinstated the account of Sen. Steve Daines (R-Mont.) on Tuesday, hours after the company suspended him over a violation of its policy against posting graphic media or adult content—wh...
Bankman-Fried appeals judge’s decision to reveal bond co-signers
Sam Bankman-Fried is fighting to keep the names of the two people who co-signed his bond a secret. The former FTX CEO appealed a judge’s decision to unseal the names of the two co-signers in a ...
Judge denies Bankman-Fried’s bail modification ahead of Thursday hearing
A U.S. District judge rejected Sam Bankman-Fried’s request to modify his bail terms and cancel a Thursday hearing on the issue, according to court documents filed on Tuesday. Bankman-Fried agree...
Crypto markets tread water ahead of Fed speech
Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell’s speech this afternoon at the Economic Club of Washington. Bitcoin was tr...
Former Coinbase product manager pleads guilty to criminal charges in landmark case
A former Coinbase product manager pleaded guilty on Tuesday to wire fraud charges in a criminal case brought against him. The Justice Department indicted Ishan Wahi in July, alongside his broth...
UK’s Bank of England launches digital pound project as ‘new form’ of money
The Bank of England, the UK’s central bank, launched its long-awaited digital pound project, pitching the potential to create a new payment system and form of money. The potential digital...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...