During a hearing on July 11, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla specifically pointed out that the request included Gensler’s statements before he assumed his role as SEC chair in 2021. Coinbase’s lawyer argued that the company
Regulation
The recent attempt by the US House of Representatives to overrule President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121 ultimately fell short. With 228 House members voting in favor of HJ Res. 109 to end SAB 121, 184 voting against it, and 21 abstaining, it is clear that there was majority
The recent news of Artur Schaback, co-founder and former CTO of Paxful, pleading guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program has sent shockwaves through the fintech industry. The US Department of Justice’s revelation that Schaback neglected to collect necessary KYC information of customers who traded on
The MiCA regulation has set in motion a shift towards compliant stablecoins in the cryptocurrency market. With the implementation of MiCA on June 30, market makers are now favoring regulated stablecoins over non-compliant alternatives. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make up 88% of the total stablecoin volume.
The Republican Party has made headlines by including Bitcoin and cryptocurrency in their official platform for the 2024 election, marking a significant shift in their stance towards digital assets and blockchain technology. This move reflects the influence of former President Trump and signals a broader trend within the party towards embracing the potential of cryptocurrencies.
The crypto market intelligence platform, Messari, recently made headlines by declaring independence from the Securities and Exchange Commission (SEC). CEO Ryan Selkis boldly stated that the company will be waging a war against the regulator, citing the SEC’s stringent approach to the emerging industry. This move signifies a significant shift in the relationship between crypto
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against cryptocurrency exchange Binance. According to Akinwumi’s testimony in a legal case brought by the Economic and Financial Crimes Commission (EFCC), Binance and its executive, Tigran Gambaryan, are being accused of conducting transactions that are typically reserved for authorized banks
Semilore Faleti is a name that has become synonymous with excellence in cryptocurrency writing. Specializing in journalism and content creation, Semilore has established himself as a trusted source of information in the field of blockchain and digital assets. His journey into the world of crypto writing began with a general focus on various subjects, but
The former Solicitor General Donald B. Verrilli has raised serious accusations against US regulators, accusing them of intentionally stifling the crypto industry through debanking practices. These allegations were made in a joint amicus brief filed on July 3 with Paul Clement, another former Solicitor General, pointing to bipartisan concerns about the regulatory environment for digital
In a recent statement on July 4th, the European Banking Authority (EBA) announced updates to their Travel Rule guidelines. This update now includes regulations for crypto service providers and intermediaries in the European Union. Starting on December 30, 2024, all crypto exchanges operating within the EU will be required to adhere to the Travel Rule