United States Financial News
16.06 / 04:28
regulation
SEC
coinbase
Decentralized Exchange
Requiring DEXes to register with SEC like other exchanges is 'impossible', says Coinbase CLO
Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase, has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated.
16.06 / 04:27
business
Law
regulation
ABRA
Crypto lender Abra has been insolvent since March, says Texas regulator
Crypto lending firm Abra, which once handled more than $116 million in assets, had allegedly committed securities fraud and has been insolvent since March 31, according to Texas regulators.
16.06 / 03:40
Law
regulation
SEC
coinbase
Court
Time
SEC asks for more time to respond to Coinbase call for crypto clarity
The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.
16.06 / 03:38
regulation
Court
Bankruptcy
Withdrawals
Customer
Voyager app set to reopen for customer withdrawals as soon as June 20
Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw their funds — nearly one year after it filed for Chapter 11 bankruptcy.
16.06 / 03:07
business
regulation
us government
Senate
Machine Learning
AI companies
Senators
US senators propose bill to eliminate section 230 protection for AI companies
U.S. Senators Josh Hawley, a republican from Missouri, and Richard Blumenthal, a democrat from Connecticut, introduced a senate bill on June 14 that would eliminate special protections afforded to online computer services providers under the Communications Decency Act of 1996.
16.06 / 02:45
CBDC
Adoption
Digital Currency
privacy
Privacy should be considered in ‘potential retail CBDC’ — Treasury official
Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.
16.06 / 02:30
business
regulation
CoinEx
New York bans CoinEx exchange, seizes $1.7M in crypto assets
Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's funds were seized for allegedly failing to register as a securities and commodities brokerage.
16.06 / 02:29
business
hedge fund
3AC liquidators file motion to hold Kyle Davies in contempt
Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June 14 court filings from 3AC's creditor council show. According to 3AC's creditor counsel, Davies is purposely delaying asset recovery from the former crypto hedge fund.
14.06 / 04:30
business
regulation
coinbase
sec lawsuit
SEC lawsuit sheds light on Coinbase's management
The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising questions about the crypto exchange's approach to managing the ongoing crypto crackdown.
14.06 / 01:08
business
Law
Binance
regulation
SEC
Court
freeze
SEC and Binance seek compromise on US assets freeze
The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets.
14.06 / 00:48
Government
regulation
SEC
Congress
lawmaker
Framework
lawsuits
regulatory
US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms.
13.06 / 13:57
Ethereum
Ripple
XRP
regulation
SEC
NOT
Hinman docs unsealed: SEC concerned over ‘Ether is not a security’ statement
Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security.
13.06 / 11:49
Stablecoin
regulation
SEC
AIM
2024
Hong Kong and the US aim for stablecoin regulations by 2024
The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024.
13.06 / 07:49
business
Law
Binance
regulation
SEC
Court
freeze
‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets, claiming that the move would “effectively end” its business.
13.06 / 05:01
regulation
SEC
security
SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video
A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”
13.06 / 01:29
12.06 / 22:05
Law
Binance
regulation
SEC
Binance.US hires former SEC enforcement official amid lawsuit: Report
United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange.
12.06 / 20:31
Law
regulation
SEC
Sec Chair
lawmakers
Lawmakers introduce bill to remove SEC chair — but do they have the authority?
Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.
12.06 / 14:05
Government
Law
Adoption
Bitcoin
Elections
Is Ron DeSantis good for crypto? Republican makes Bitcoin part of campaign
Florida Governor Ron DeSantis officially entered the United States presidential race on May 24.
12.06 / 05:27
regulation
Winklevoss Twins
policies
Elections
Democrats ‘war on crypto’ will lose its key voters: Winklevoss twins
United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto," according to the Winklevoss twins.
11.06 / 07:25
regulation
SEC
coinbase
security
Bitcoin
The US will find the 'right outcome' for crypto, eventually – Coinbase CEO
Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, emphasized that regulating crypto isn't "rocket science" and is confident that the United States will achieve regulatory clarity, “even if it takes a while.”
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