The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem.
Category: Ethereum News
‘Regulators let the bad guys get big’ — Kraken CEO speaks out after SEC settlement
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy “the […]
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.
BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle
The bankrupt crypto lender asked for a court ruling to dismiss Sam Bankman Fried’s appeal for bankruptcy for his offshore investment firm Emergent Fidelity Technologies […]
SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined
The DeFi market’s total value locked surpassed $50 billion for the first time in six months thanks to the bullish burst in the crypto market […]
Hong Kong outlines upcoming crypto licensing regime
Hong Kong’s Securities and Futures Commission calls for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors.
Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto
Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt.
Former FTX exec will plead guilty to federal charges with a deal: Report
Nishad Singh, the bankrupt exchange’s former director of engineering, went to a proffer session with prosecutors last month and is reportedly nearing a plea deal.
Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint
The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions.
CZ denies report Binance is considering major breakup with US business partners
The Binance CEO contradicted a Bloomberg source concerning the reduction of the company’s activities following increasing pressure from U.S. regulators.