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The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Go to Source Powered by WPeMatico
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. Go to Source Powered by WPeMatico
Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday. Go to Source Powered by WPeMatico
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms “commingling” services. SEC Chair Gensler on Crypto Exchanges Trading Against Customers SEC Chairman Gary Gensler said in an interview with … Read more
The absence of a well-defined regulatory landscape sows uncertainty in the crypto industry. What should the regulators do to set things right? Go to Source Powered by WPeMatico
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research. Go to Source Powered by WPeMatico
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African bitcoin Ponzi scheme, Mirror Trading International (MTI), have issued summonses against eighteen individuals believed to … Read more
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban … Read more
“The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds,” said the regulators. Go to Source Powered by WPeMatico
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York’s financial regulator, allowing the firms to offer crypto custody services. Go to Source Powered by WPeMatico
