Per a recent Bloomberg report, the commission is working on a draft proposal that would make it difficult for crypto firms to operate as “qualified custodians”. The US Securities and Exchange Commission (SEC) plans to propose new regulations this week that could affect...
Hours after the US Securities and Exchange Commission (SEC) had issued a Wells notice to Paxos, the issuer of BUSD, the company was reportedly told to stop issuing the stablecoin. New York regulator orders Paxos to stop new BUSD minting Changpeng Zhao, the...
SEC has begun legal plans to sue Paxos for issuing and listing Binance USD, a well-known stablecoin in the crypto ecosystem. The financial watchdog argues that the firm’s token issuance violates investor protection laws. SEC trails Paxos The US Securities and Exchange Commission...
Brian Armstrong, the CEO of Coinbase, made a remark on Twitter where he declared that Coinbase’s staking services are not securities. Armstrong also added that the company would gladly defend this position in court if necessary after rumors of a staking ban made...
Representatives McHenry and Huizenga of the US House Financial Services Committee have voiced their concerns about the cooperation between the United States Securities and Exchange Commission (SEC)and the Department of Justice (DoJ). Representatives McHenry and Huizenga speak out The lawmakers have also expressed their disapproval...
Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy, a payments platform serving users in Latin America, according to a statement on Feb. 11. Following this deal, Bitfy will be responsible for...
The Huobi crypto exchange plans to increase its presence in Hong Kong, believing that the city’s pro-crypto tilt could signal an eventual relaxation of mainland China’s longstanding ban on digital assets. The information was conveyed by Justin Sun, an advisor at Huobi, in...
The cryptocurrency market has taken a hit in the past 24 hours, as the global market cap has dropped by an estimated 4.5%, down to $1.02 trillion. Global crypto market cap chart Source: CoinMarketCap Major digital currencies, Bitcoin (BTC) and Ethereum (ETH), both...
Yesterday, Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the US, sent shockwaves through the cryptocurrency markets with a single tweet. 1/ We’re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail...
SEC Commissioner Hester Peirce, known to the community as Crypto Mom, has criticized the agency for taking enforcement action against Kraken exchange and shutting down its crypto staking product following a $30 million settlement. The United States Securities and Exchange (SEC) commissioner Hester...