Regulation – Page 149

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

June 22, 2024 by DIGIT

Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve announced that plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase fell short of expectations, setting … Read more

Is Biden shifting strategy on digital assets ahead of a Trump debate?

June 21, 2024 by DIGIT

Though Donald Trump began accepting Bitcoin for his 2024 campaign, he often criticized cryptocurrencies while in office. Go to Source

Judge in SEC v. Kraken case suggests he will deny motion to dismiss

June 20, 2024 by DIGIT

In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities. Go to Source

Winklevoss twins pledge $2M for Trump, claiming Biden waged war on crypto

June 20, 2024 by DIGIT

Tyler Winklevoss claimed that anyone who disagreed that Donald Trump was the pro-crypto choice for U.S. President was “delusional.” Go to Source

Report Claims Jump Trading Under CFTC Probe for Crypto Activities

June 20, 2024 by DIGIT

The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing by the firm. Jump Trading Under CFTC Scrutiny Jump Trading, noted for its … Read more

Failed House candidate and partner of ex-FTX exec starts crypto think tank

June 20, 2024 by DIGIT

Contributions to Michelle Bond’s 2022 congressional campaign were part of a criminal investigation into her partner, Ryan Salame. Go to Source

Binance to appeal $4.4M fine from Canadian regulator

June 19, 2024 by DIGIT

The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators. Go to Source

Crypto Super PAC raises $169M following $10M donation from Jump Crypto

June 19, 2024 by DIGIT

A Fairshake spokesperson told Cointelegraph that the political action committee would “have the resources to affect races in 2024 and beyond.” Go to Source

Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview

June 19, 2024 by DIGIT

In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin. It’s just issued by the government,” the executive described. Ripple CEO on Working With Governments Worldwide A video clip surfaced … Read more

Canada lacks engagement from lawmakers on crypto — Coinbase exec

June 18, 2024 by DIGIT

The Canada country director for Coinbase said local regulators were “much more collaborative” with the industry than their U.S. counterparts, but politicians were falling short. Go to Source