US Regulators – DIGIT INFO

CFPB leaves crypto wallets out of ‘Larger Participant’ rule

DIGIT — Thu, 21 Nov 2024 17:33:04 +0000

The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the “Larger Participants” rule.

Go to Source

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations

DIGIT — Mon, 17 Apr 2023 14:00:33 +0000

According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. […]

Go to Source

Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report

DIGIT — Sat, 18 Feb 2023 04:00:14 +0000

Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With […]

Go to Source

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

DIGIT — Sat, 11 Feb 2023 19:30:54 +0000

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

Go to Source

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets

DIGIT — Wed, 05 Oct 2022 00:30:17 +0000

The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to […]

Go to Source

SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze

DIGIT — Sat, 18 Jun 2022 00:30:09 +0000

The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulators Investigate Celsius’ Withdrawal Freeze The U.S. SEC and securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating the decision by crypto lender Celsius Network to […]

Go to Source

New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas

DIGIT — Mon, 21 Feb 2022 16:00:03 +0000

A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the […]

Go to Source

Coinbase Pushes for Single Crypto Regulator: CEO Says ‘We Have 53 Regulators in Just One Country, the US’

DIGIT — Mon, 15 Nov 2021 00:00:25 +0000

Crypto exchange Coinbase has been meeting with a number of regulators to convince them that the U.S. should have just one federal regulator overseeing the crypto sector. Currently, there is a variety of different regulators in the U.S., CEO Brian Armstrong explained, noting that Coinbase has “53 regulators in just one country, the United States.” […]

Go to Source

US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation

DIGIT — Tue, 17 Aug 2021 16:30:09 +0000

Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commission (SEC) and the acting chairman of the Commodity Futures Trading Commission (CFTC) to establish a joint working group for the regulation of crypto assets. SEC and CFTC Urged to Collaborate on Crypto Regulation U.S. Representatives Patrick McHenry and Glenn “GT” Thompson sent […]

Go to Source

SEC and CFTC Caution Investors About Funds Trading in Bitcoin Futures

DIGIT — Sat, 12 Jun 2021 23:47:27 +0000

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA) […]

Go to Source