Total liquidations have topped $280 million in 12 hours on June 5 as crypto market sentiment has turned more fearful.
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Category: Regulation News
House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it
The full Agriculture Committee heard testimony from CFTC Chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.
SEC sues Coinbase for breaking US securities rules
The SEC lawsuit alleges that Coinbase operates as an unregistered securities exchange, broker and clearing agency.
Binance vs. SEC: Crypto industry debates ‘Tai Chi’ vs. ‘Operation Chokepoint 2.0’
The SEC lawsuit comes just months after the CFTC lawsuit against Binance, mounting its regulatory woes in the United States.
AI could threaten humanity in 2 years, warns UK AI task force advisor
The UK prime minister’s AI task force advisor said large AI models will need regulation and control in the next two years to curb major […]
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
The SEC lawsuit against Binance led to an outflow of over $700 million worth of assets on Ethereum in the past 24 hours with outflows […]
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says AI should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries.
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices […]
Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill
Paul Grewal reiterated that the “U.S. is falling behind” and is at risk of driving jobs, innovation and investment overseas.
Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC
With its latest suit against Binance, the United States Securities and Exchange Commission has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion […]