US Chamber of Commerce slams SEC’s ‘haphazard’ regulation efforts
The largest business organization in the world has thrown its weight behind Coinbase in its fight against the SEC. Go to Source Powered by WPeMatico
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US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry. Go to Source Powered by WPeMatico
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC’s lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.” Go to Source Powered by WPeMatico
Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest
EMPOWR is requesting correspondence concerning former SEC officials William Hinman, Marc Berger, Jay Clayton and their current employers. Go to Source Powered by WPeMatico
Binance looks to the UK for regulation amid US crypto crackdown
Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment in the U.S. Go to Source Powered by WPeMatico
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings … Read more
US lawmakers hold EU and UK as examples of crypto regulation in joint hearing
With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice. Go to Source Powered by WPeMatico
Grayscale Investments Files for 3 New Exchange Traded Funds
On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management … Read more
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022. Go to Source Powered by WPeMatico
Coinbase legal chief sends letter to SEC on RIA rulemaking
Coinbase’s chief legal officer requests revisions to SEC’s RIA custody rule to safeguard all asset classes, including cryptocurrencies, criticizing the rule for unfairly targeting crypto. Go to Source Powered by WPeMatico
