Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
Tag: Regulation
We See Turmoil, Fraud, Lack of Transparency, Run Risk – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that t...
Grayscale products buoyed following oral arguments in case against the SEC
Grayscale had its day in court, and now the asset manager — and investors in its Grayscale Bitcoin Trust — must await the ruling, which could take three to six months. The asset manager brought...
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the str...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Grayscale’s day in court is nearly here, but a major decision could take time
Grayscale is set to present oral arguments in its case against the U.S. Securities and Exchange Commission on Tuesday. The asset manager brought the case against the regulator for rejecting its ...
Crypto prices flat, Silvergate declines ahead of Powell testimony
Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...
Nirmala Sitharaman: Crypto Regulation Must Be a Group Effort
Union Finance Minister Nirmala Sitharaman of India commented that crypto regulation has become a major priority for several finance ministers and central bank governors of G20 countries. She commented...
Australia’s Substantive Crypto Regulation Could Wait Until 2024
Australia’s substantive crypto regulation cannot be achieved earlier than 2024. The government plans to release consultation papers in the second quarter of 2023. Perceived delay in regulation would l...
Rivian, Tesla, and 2 Other EV Makers Are Recalling Vehicles
Monday is looking like recall day for electric-vehicle makers. A few have showed up on the National Highway Traffic Safety Administration website. Recalls from the large players don’t look serious. Re...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Binance Moves to Fix Compliance May Not Placate US Regulators
Binance reportedly conceived a plan to throw off US regulators after it became apparent that authorities there were cracking down on the industry. A Binance spokesperson told Blockworks the exchange d...
Coordination of Regulation: LBank Echoes G20 Discussions
Road Town, BVI, 6th March, 2023, Chainwire Global cryptocurrency exchange LBank has welcomed reports that a trifecta of financial organizations are considering a framework for digital asset regulation...
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP – Regulation Bitcoin News
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that t...
Crypto regulation from 2022 to 2023
Crypto regulation from 2022 to the present has changed a lot. What happened in 2022, and what is continuing to happen in this early part of 2023, is convincing many regulators to try to intervene. How...
Binance once sought to hire Gensler as an adviser: WSJ
Crypto exchange giant Binance wanted to hire Gary Gensler as an adviser years before he became head of the Securities and Exchange Commission, according to the Wall Street Journal. Gensler decli...
Capital Gains and Dividend Tax Rates for 2022-2023
Investors who have taxable accounts—as opposed to tax-favored retirement accounts such as individual retirement accounts (IRAs) or 401(k)s—are often eligible for lower tax rates on investment income a...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
France is ready for regulation of the crypto- The Cryptonomist
France has been at the forefront of crypto regulation, with a number of initiatives over the past period aimed at cracking down on illicit activities in the digital asset space. The latest development...
As Regulation Threatens To Stifle Innovation, Crypto Platforms Like Decentraland (MANA), Polygon (MATIC), And TMS Network (TMSN) Aim To Shift The Tide
The rise of cryptocurrency has been an incredible journey but there’s no denying that it’s been a bumpy ride. The innovative technology of blockchain promises to provide a decentralized financial futu...
Opinion: At last — somebody is trying to ‘save’ Social Security
Rude Europeans used to tell stories, possibly apocryphal, about American tourists who would ask for directions to a famous landmark while actually standing right in front of it. The Parisian would loo...