Tether scores win in class action case as court dismisses RICO claims
"Litigation will expose this case for what it is: a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem," said Tether.
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Swiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’
Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time,…
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed
The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing…
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’
Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova.
US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally
Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and…
SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC…
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent…
Signs of fear emerge as Ethereum price drops below $3,000 again
Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip.
CFTC commissioner Dan Berkovitz will become SEC general counsel
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive," and hinted that decentralized finance platforms were likely illegal under the Commodity Exchange Act.
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to…
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