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The industry group cited the Supreme Court’s recently reaffirmed “major questions” doctrine and listed ways the SEC’s alleged regulation by enforcement causes harm. Go to Source Powered by WPeMatico
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with … Read more
Senator Tim Scott questioned whether the SEC had been “asleep at the wheel” amid major bankruptcies in the crypto space causing the loss of millions in user funds. Go to Source Powered by WPeMatico
Some observers have suggested the SEC’s action against Kraken will push users toward DeFi protocols. The reality is that the SEC is coming for those as well. Go to Source Powered by WPeMatico
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities. Go to Source Powered by WPeMatico
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits to Prevent ‘Judicial Overlap’ According to the latest decision by a New … Read more
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.” Go to Source Powered by WPeMatico
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD … Read more
Damian Williams, U.S. Attorney for the Southern District of New York pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases. Go to Source Powered by WPeMatico
Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.” Go to Source Powered by WPeMatico
