Regulation Financial News

12.03 / 09:23

regulation Silicon Valley Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’

Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank's (SVB)'s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.

12.03 / 04:53

regulation Venture Capital Bank of England Silicon Valley Startups Silicon Valley Bank's UK branch shut down by Bank of England

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system in the United Kingdom (UK).

11.03 / 11:05

business regulation Senate Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy

United States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable for failed crypto projects.

11.03 / 08:31

business Stablecoin regulation Circle Banks Usd Coin USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of the stablecoin to fall below its $1 mark.

11.03 / 07:15

business Stablecoin regulation Circle Banks Usd Coin Circle discloses $3.3B tied up at Silicon Valley Bank

On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserves at Silicon Valley Bank (SVB).

11.03 / 00:59

ETF regulation SEC Standard SEC disapproves VanEck spot BTC trust product, commissioners see double standard

The United States Securities and Exchange Commission (SEC) ordered against a rule change to allow investment manager VanEck to create a spot Bitcoin Trust on March 10. Commissioner Mark Uyeda joined his colleague Hester Peirce in releasing a statement that criticized the commission’s decision not to approve the listing and trading of the financial product.

11.03 / 00:37

business Stablecoin regulation Circle Banks Circle's exposure to U.S. banks could top $9B

USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. Circle's reserves are held in a number of regulated financial institutions in the country, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.

11.03 / 00:37

Adoption defi Hackers hacks regulation Funding collapses Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

10.03 / 23:11

Law regulation Fiat Money South Dakota gov vetoes bill excluding crypto from definition of 'money'

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.

10.03 / 21:39

regulation Congress banking Discrimination Senators US senators write to banking regulators about potential crypto discrimination

Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies questioning the ideological motivation behind recent regulatory moves in regard to cryptocurrency. They compared the regulators’ policies to the Obama administration’s Operation Choke Point.

10.03 / 18:03

Ethereum ETH Kucoin regulation New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?

New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.

10.03 / 16:07

Blockchain CBDC regulation banking Nigerian president-elect aims to use blockchain technology in the banking sector

Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation's banking and finance sector.

10.03 / 15:39

Law regulation FTX Court lawsuits Judge mulls removing Shaq and Naomi Osaka from FTX lawsuits

A federal judge in Florida, United States, is considering dismissing former NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit, pointing out that it’s unclear whether the two had been served.

10.03 / 13:29

Mining regulation crypto mining Costs Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs

Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity.

10.03 / 12:39

regulation lending Staking SEC of Thailand wants public feedback on crypto lending, staking ban

Thailand's Securities and Exchange Commission (SEC) is preparing to hold a new public hearing on a potential ban on staking and lending services in the country.

10.03 / 11:29

business regulation SEC Rapper The Game’s crypto startup gets registration revoked

A crypto startup backed by the American rapper Jayceon Terrell Taylor, better known as “The Game,” had its registration revoked by the United States Securities and Exchange Commission (SEC) for violating securities laws after failing to file periodic reports.

10.03 / 11:03

business Binance regulation Court Bankruptcy U.S. Deal US Trustee appeals NY Judge’s approval of Voyager deal with Binance.US

The United States Department of Justice (DOJ) has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US.

10.03 / 08:49

Stablecoin regulation economy Federal Reserve Financial Systems US Fed to create new crypto team amid concerns about unregulated stablecoins

The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the Fed of “unregulated” stablecoins.

10.03 / 05:09

Blockchain Adoption regulation us government Federal Reserve Congress Bitcoin CBDCs could be 'easily weaponized' to spy on US citizens: Congressman

United States Congressman Tom Emmer believes the launch of programmable central bank digital currency (CBDC) in the country could strip American citizens of their financial privacy.

10.03 / 01:51

Mining regulation Taxes Electricity Biden budget proposes 30% tax on crypto mining electricity usage

A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration's 2024 fiscal year budget.

10.03 / 01:25

regulation SEC FTX Congress BitGo bitcoin etfs Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee on Financial Services’ Subcommittee on Digital Assets, Financial Technology and Inclusion.

frequently asked questions about regulation

What is regulation and why is it important?

Regulation is a trending topic that draws public attention. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on regulation?

All recent news about regulation can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on regulation?

We use verified data to ensure that the information about regulation is reliable and helpful for our readers.