Coinbase finds flawed analysis in SEC’s proposed exchange definition
In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again. Go to Source
Crypto Regulation
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Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded
Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agency’s $2 billion claim. Go to Source
Ripple vs SEC: ‘Victory,’ or another chapter in the legal battle?
Some lawyers are doubtful on whether the latest court decision in the Ripple case should be referred to as a pure victory over the SEC. Go to Source
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action … Read more
French regulator accepting CASP applications ahead of MiCA rollout
The AMF is giving firms registered under its current DASP rules ample time to transition, too. Go to Source
SEC backs down on claiming SOL, ADA, MATIC and other tokens are securities in Binance suit
The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, Polygon and others as securities. Go to Source
Why Biden’s exit from the elections briefly pushed Bitcoin price to $68K
Biden’s exit from the presidential race helped Bitcoin recover, but analysts expect the decision to cause more uncertainty in the crypto market. Go to Source
Australian stablecoin startup Stables expands to Europe and UK
Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream. Go to Source
Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience
While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to … Read more
WazirX breach post-mortem: Dismantling the $230M attack
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data. Go to Source
