Crypto lawyers flame Gensler over claims that all crypto are securities
Crypto lawyers weighed in on Gary Gensler’s crypto regulation claims saying the SEC has no legal standing to police the space. Go to Source Powered by WPeMatico
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Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3. Go to Source Powered by WPeMatico
SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO
Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions. Go to Source Powered by WPeMatico
Finder.com sued by Australian regulator over its crypto yield product
ASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit. Go to Source Powered by WPeMatico
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from “hype cycles” and towards “real utility.” Go to Source Powered by WPeMatico
Coinbase seeks to join Ripple’s legal fight against the SEC
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC. Go to Source Powered by WPeMatico
‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.” Go to Source Powered by WPeMatico
Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.” Go to Source Powered by WPeMatico
Draft US stablecoin bill would ban new algo stablecoins for 2 years
It’s reported the bills’ definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price. Go to Source Powered by WPeMatico
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020. Go to Source Powered by WPeMatico
