The U.S. Commodities and Futures Trading Commission (CFTC) is reportedly looking to implement global industry standards in crypto regulation. CFTC Commissioner Carline Pham has indicated that she was ...
Tag: Regulation
CFTC commissioner calls for global industry standards in crypto regulation
Caroline Pham, the Commodity Futures Trading Commission (CFTC) commissioner, has recently called on regulators to provide clearer guidance on crypto assets in 2023. In an interview with Bloomberg, Ph...
American CryptoFed argues it was shut out from dialogue with the SEC
A decentralized autonomous organization that the Securities and Exchange Commission is attempting to stop from registering and selling tokens argued at a hearing that the regulator isn’t making offici...
CFTC Calls for Global Standards for Crypto Regulation
The commissioner of the CFTC, Caroline Pham, recently gave an interview in which she said that there are advanced discussions and meetings regarding global crypto standards happening outside of the U....
SEC racks up 50% increase in crypto enforcement actions in 2022: Report
The Securities and Exchange Commission brought a record number of crypto-related enforcement actions last year, up 50% from 2021, according to a new report from consulting firm Cornerstone Research. ...
BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt – Regulation Bitcoin News
Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can n...
Regulatory Onslaught Is Just Beginning – Regulation Bitcoin News
The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent e...
Markets in Crypto Assets Regulation (MiCA) Bill Postponed by EU
8 hours ago | 2 mins read Bitcoin News There was difficulty in translating 400-page document into the 24 official languages. According to EU authorities, MiCA would have averted the FTX catastrophe. D...
SEC charges over Gemini, Genesis Earn program latest shot at crypto lending
The Securities and Exchange Commission’s recent charge against cryptocurrency exchange Gemini and crypto firm Genesis over a lending product is another warning shot to the industry on yield-bearing ac...
Andy Yen Is in Favor of Crypto Regulation
Andy Yen is the CEO and co-founder of Proton, a privacy-centered organization that seeks to provide a whole new (autonomous) version of the Internet. Yen Wants to See Change in the Crypto Space In a r...
EU’s final vote on MiCA regulation postponed until April
The European Union’s landmark crypto regulation, Markets in Crypto Assets (MiCA), won’t see a final vote in the European Parliament until April, stalling the process for the new rules to be enforced. ...
Crypto Long-Term Adoption Depends On Regulation, Coinbase Exec Says
Crypto’s recent rally is a beacon of hope for the industry, but its lasting presence will depend on clear regulatory guardrails, according to Tom Duff Gordon, vice president of international policy at...
Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” ...
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage – Regulation Bitcoin News
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered...
US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee – Regulation Bitcoin News
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that...
SEC Chairman Warns Most Crypto Will Fail — Says ‘Don’t Get Caught up in FOMO, Fear of Missing Out’ – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of mis...
The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)
The scale of the financial damage to crypto investors last year was colossal. Not just from FTX International going under but also the rest of them: Three Arrow Capital, Celsius, Genesis, Gemini, Voya...
El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed t...
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keepi...
The Stock Market Is on a Tear. Don’t Ignore the Debt Ceiling.
It’s always fun until the bill comes due—and the bill always comes due. In fact, it’s coming due right about now. On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its...
Opinion: The days of IRS forgiveness for RMD mistakes may soon be over
Katie St. Ores has a 100% track record of getting her tax clients out of paying the steep penalty for missing a required minimum distribution from their retirement funds. That amounts to only two hous...
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’ – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered ...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...
ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most...
Opinion: Opinion: The debt ceiling is a farce, not a crisis
AUSTIN, Texas (Project Syndicate)—In his bid to become speaker of the U.S. House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Republican Congressman Ralph Norman of Sout...