Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States," said Brad Garlinghouse.
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Uphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill
The senators seek comments from industry stakeholders, consumers and interested parties.
US lawmaker lays out case for a digital dollar
"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC," said Representative Jim Himes.
FTX US acquires Embed Financial subsidiary for stock trading platform
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the…
Do Kwon and Terraform Labs Sued for Misleading Investors
In a lawsuit filled with promises from Do Kwon, the Luna Foundation Guard, and other Terra-related entities, an Illinois-based plaintiff has alleged that all parties involved misled investors about whether…
California Man Pays a Hitman $13K in Bitcoin to Kill his Ex-Girlfriend (Report)
Scott Quinn Berkett – a 25-year-old resident of Beverly Hills, Los Angeles – reportedly pleaded guilty to transferring $13,000 worth of bitcoin to a hitman on the Dark Web. The…
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," said the Fed report.
Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together.
FINRA Offers Job Opportunities to People Laid Off by Crypto Companies
The recent bearish trend of the crypto market has brought with it an unprecedented wave of unemployment in the crypto industry, causing financial regulators to step up and absorb as…
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