Paxos is engaged in ‘constructive discussions’ with SEC: Report
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
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‘Regulators let the bad guys get big’ — Kraken CEO speaks out after SEC settlement
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy “the good guys.”
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks…
Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint
The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions.
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media.
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the…
Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report
The judge reportedly did not expand SBF’s bail conditions to include restrictions on the internet or VPNs, but asked his lawyers to pay for a consultant to explore the matter.
Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.
US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts
Four Republican senators have signed on to a bill aimed at barring the U.S. Department of Labor from investigating individuals “using brokerage windows to invest in cryptocurrency.”
Judge allows release of guarantors’ identities behind Sam Bankman-Fried’s bail
Court documents showed Stanford University research scientist Andreas Paepcke and former Stanford Law School dean Larry Kramer signed on as sureties to SBF’s $250-million bond.
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