Biden Admin weighing bank-like regulation for stablecoin issuers
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports.
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Bitcoin at 10-Day High After Powell and Despite China FUD: The Weekly Recap
It’s been a very productive week in the cryptocurrency market, but it’s safe to say that most of it was due to the volatile price action during just one of…
The US Has No Intentions to Ban Bitcoin, Said Fed Chair Powell
While China continues with its hostile policy against the cryptocurrency industry with outright bans, the United States appears to take a significantly different and more open-minded approach. In the past…
Global CBDC bridge needs public and private cooperation, says BIS
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report.
The US Should do The Opposite of China on Crypto: a16z Partner
Speaking at CNBC’s Delivering Alpha conference on Sept. 29, a16z partner Katie Haun said the U.S. should look towards China for what not to do. She was referring to Beijing’s…
SEC Chair Reiterates Support for Bitcoin Futures ETFs, But Concerned About Investors’ Protection
The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the…
Crypto is impossible to destroy, says Tesla CEO Elon Musk
The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested.
The CFTC Fines Kraken $1.25M for Offering Unregulated Margin Trading
According to a CFTC statement on Sept. 28, Kraken allowed U.S. customers to access products that were supposed to be prohibited for them. The order requires Kraken to pay a…
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…
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.
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