Terraform Labs seeks access to FTX wallets in fraud defense
Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithm stablecoin in 2022. Go to Source Powered by WPeMatico
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US law protects institutions and exposes retail investors — Rep. Torres
New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling. Go to Source Powered by WPeMatico
FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023. Go to Source Powered by WPeMatico
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission’s 2024 fiscal budget. Go to Source Powered by WPeMatico
US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto
Representatives French Hill and Dusty Johnson suggested the SEC may have undertaken certain actions on crypto “seemingly timed to coincide with related Congressional activity”. Go to Source Powered by WPeMatico
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
Representative Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the ‘Torres Doctrine’. Go to Source Powered by WPeMatico
Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities. Go to Source Powered by WPeMatico
Ripple court ruling makes call for regulation ‘more compelling and more urgent’ — former CFTC chair
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP’s favor. Go to Source Powered by WPeMatico
SEC vs Ripple referred to judge who ordered release of ‘Hinman Documents’
Judge Analisa Torres has sent the remaining issues in the SEC versus Ripple case to Magistrate Judge Sarah Netburn. Go to Source Powered by WPeMatico
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses including use of mobile phones, fitness, and working from home. Go to Source Powered by WPeMatico