Ripple granted access to Binance’s records in SEC securities case
The documents may provide critical evidence that CEO Brad Garlinghouse was acting outside of the SEC’s jurisdiction. Go to Source Powered by WPeMatico
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Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA … Read more
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial … Read more
Uniswap delists 100 tokens from interface including options and indexes
Synthetic tokens and tokenized stocks have made it onto Uniswap Labs’ black list as regulatory concerns mount. Go to Source Powered by WPeMatico
Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments
In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. Bank of Russia Worried About Common Investors’ Exposure to Crypto Derivatives Russia’s central banking … Read more
Coinbase and top execs face securities class action over Nasdaq listing
Alongside Coinbase itself, the class action names CEO Brian Armstrong, CLO Paul Grewal, other top executives and several of its venture capital backers as defendants. Go to Source Powered by WPeMatico
Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product
Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the … Read more
Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and … Read more
Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning the public about unregulated crypto trading platforms. The regulator addressed Binance in particular, stating that the … Read more
Judge allows Ripple to depose SEC official who decided ETH is not a security
Bill Hinman could be called to testify on his 2018 comments regarding Ethereum’s security status. Go to Source Powered by WPeMatico
