Coinbase submits petition to explain to SEC that staking is not securities
The company continues its fight against the recent Commission position on crypto staking. Go to Source Powered by WPeMatico
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Post-Merge Ethereum: Grayscale extends review of ETHPoW decision
Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders. Go to Source Powered by WPeMatico
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US
On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. Specifically, Emmer asked Gruenberg if … Read more
Binance-Voyager deal to go without holdings, NY judge rules
According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds. Go to Source Powered by WPeMatico
Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair. Go to Source Powered by WPeMatico
DOJ and SEC to probe SVB collapse and insider stock sales: Report
The investigations are separate from one another but will both look into Silicon Valley Bank’s collapse and stocks sold by executives prior to its fall. Go to Source Powered by WPeMatico
Coinbase files brief in SEC Wahi case, says it doesn’t sell securities, but would like to
The crypto exchange says in its amicus brief that the accused inside traders can’t answer for its listing decisions in the current regulatory uncertainty. Go to Source Powered by WPeMatico
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: … Read more
Silvergate and SVB bite the dust: Law Decoded, March 6–13.
Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures. Go to Source Powered by WPeMatico
State caps or federal regulation: What’s next for political crypto donations
The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation. Go to Source Powered by WPeMatico
