Biden won’t accept debt deal protecting crypto traders — G7
U.S. President Joe Biden expressed opposition to a debt ceiling deal that would allegedly benefit crypto traders. Go to Source Powered by WPeMatico
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Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators
Panelists at a discussion on “Fighting the Anti-crypto Army” sought to dismiss the idea that working with lawmakers to regulate crypto should be framed as a fight. Go to Source Powered by WPeMatico
Congressional crypto hearing illustrates political stalemate on digital assets
The hearing was filled with a heavy amount of criticizing the SEC, urging to take matters of regulation into Congress’ hands and empowering the CFTC. Go to Source Powered by WPeMatico
Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.” Go to Source Powered by WPeMatico
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. Go to Source Powered by WPeMatico
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred. Go to Source Powered by WPeMatico
Tencent-backed Everledger collapses amid lack of funding: Report
Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor. Go to Source Powered by WPeMatico
Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says
Ripple’s CEO reveals $200 million spent defending the SEC lawsuit, and laments about U.S. crypto regulation and a politics-first policy, advising entrepreneurs to avoid the United States. Go to Source Powered by WPeMatico
BNP Paribas teams up with Bank of China to promote digital yuan usage
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system. Go to Source Powered by WPeMatico
New York AG’s office seeks additional authority over crypto firms
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud. Go to Source Powered by WPeMatico