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The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year. Go to Source Powered by WPeMatico
“We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities,” said SEC chair Gary Gensler. 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
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security. Go to Source Powered by WPeMatico
The SEC’s move to ban staking is going to encourage more people to move toward decentralized options beyond the agency’s reach. Go to Source Powered by WPeMatico
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed … Read more
Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions. Go to Source Powered by WPeMatico
The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission. Go to Source Powered by WPeMatico
According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than … Read more
SEC’s acting chief accountant Paul Munter said that investors shouldn’t place too much confidence in a company holding up a proof-of-reserves audit. Go to Source Powered by WPeMatico
