Industry reacts: US cracks down on crypto, India calls for regulatory collaboration
The cryptocurrency industry this week reacted to the recent moves by U.S. authorities against Kraken and Paxos. Meanwhile, India has been calling for a collaborative approach to crypto regulations.
Go ahead and ban staking. Crypto investors will just go elsewhere
The SEC’s latest heavy-handed approach toward crypto will leave investors less protected while benefitting dodgy offshore companies, writes Danny Talwar of Koinly.
Paxos ordered to stop minting Binance stablecoin as SEC mulls legal action
Top blockchain and crypto news: Paxos halts BUSD issuance. Kraken faces disclosure charges. Beijing backs new blockchain research center.
Crypto Clampdown Begins
As financial regulators around the world continue to crackdown on stablecoins, some are asking if they are overreaching their jurisdiction.
Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown
Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?
A house divided? SEC Commissioner Peirce attacks agency’s fines against Kraken exchange
Hester Peirce said using enforcement action to dictate law in an emerging industry is the act of a “lazy” regulator, after the SEC fined the U.S.-based Kraken crypto exchange for failing to register staking programs.
The battle for who gets to regulate cryptocurrencies continues as SEC v. Ripple Labs carry on larger implications for the crypto world.
Ripple Decision Soon?
Ripple expects a SEC ruling on a two-year-old suit and what regulations it could bring about.
Ripple expects SEC ruling in first half, clearer global regulations for digital assets in 2023
Ripple Labs Inc. expects a court decision in the first six-months of this year in the case filed against the company by the U.S. Securities Exchange Commission. The SEC sued Ripple in December 2020 for allegedly selling US$1.3 billion in unregistered securities.
FTX an ‘old-fashioned embezzlement’ says new CEO as US authorities charge Bankman-Fried with fraud
Members of a U.S. Congressional hearing expressed frustration about the timing of Bankman-Fried’s arrest, saying they wanted him to testify under oath so the public could get the answers they are seeking about the collapse of FTX.
As US midterms approach, poll says voters want policy interests to align with crypto, technology
Survey reveals popularity of crypto ownership among voters, their hopes for the industry’s growing potential and the need for regulation to protect consumers.
US Regulation Delays
There’s a power struggle over who regulates crypto in the US – and it could all depend on how the midterm elections go this year.
Are DAOs above the rules?
Ooki DAO – you’ve probably never heard of it, but it could become one of the most important decentralized autonomous organizations – because of the rules it’s accused of breaking.
Crypto research firm founder accused of promoting ICO for compensation
Self-described crypto influencer charged with violating SEC regulations by trading and promoting an initial coin offering under undisclosed financial terms.
SEC, Ripple seek summary judgment in attempt to speed up XRP lawsuit
The argument centers around if Ripple’s XRP sales were offerings of unregistered securities.