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Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload the stake well before the August 11 deadline for reporting … Read more
MP Tulip Siddiq called for crypto regulation as shadow economic secretary while in the opposition, and now the Labour Party is in control of the UK government. Go to Source
U.S. Senator Bill Hagerty discusses key issues including cryptocurrency’s future under a potential second Trump administration, highlighting former President Donald Trump’s pro-crypto stance and criticism of Democratic policies. Hagerty advocates for a supportive ecosystem to foster innovation and decentralized control of digital assets, contrasting with what he describes as the Democrats’ overly centralized approach. ‘We … Read more
Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July. Go to Source
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that … Read more
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto. Go to Source
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security. Go to Source
The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market and the community around them should … Read more
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources. Go to Source
Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets. Go to Source