VanEck takes new approach with SEC, files for Bitcoin Strategy ETF
SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure. Go to Source Powered by WPeMatico
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BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC
No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm. Go to Source Powered by WPeMatico
Infrastructure bill passes US Senate — without clarification on crypto
“This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey. Go to Source Powered by WPeMatico
Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence and boost participation by innovators.” Uganda’s FIA Calls for Crypto Framework The remarks by BAU’s … Read more
Operating a crypto exchange in Japan is ‘rather tough,’ FSA chief admits
Japan’s newly appointed Financial Services Agency Commissioner Junichi Nakajima believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment. Go to Source Powered by WPeMatico
‘We’ll be back on this’ — Alabama senator derails crypto amendment with two words
“Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge,” said Senator Pat Toomey. Go to Source Powered by WPeMatico
Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300. Go to Source Powered by WPeMatico
US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill
Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. “We’ve worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers will not be subject to the bill’s reporting requirements.” … Read more
BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise
The new compromise amendment could still be added to HR 3684 through a unanimous consent request — provided not even one senator objects. Go to Source Powered by WPeMatico
SEC Fines Poloniex $10 Million for Operating Unregistered Cryptocurrency Exchange
The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits Poloniex With Cease-and-Desist Order, Penalties The SEC announced Monday that “Poloniex LLC has agreed to pay more than $10 million to settle charges for operating … Read more