Regulation Financial News

16.02 / 07:51

Binance CFTC regulation SEC Department Of Justice US regulators Binance readies checkbook for potential fines from US regulators: Report

The world’s largest digital asset exchange, Binance, is preparing to face fines and penalties in order to settle outstanding regulatory and law-enforcement investigations in the United States.

16.02 / 06:05

business Adoption regulation SEC us government SEC proposes tougher rules as part of its crypto custody crackdown

A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital asset custodians in the future.

16.02 / 01:27

regulation wallet Insurance CEX FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance

The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that they are potentially in violation of federal law due to false and misleading statements about the exchange’s insurance status. The agency has given the exchange 15 days to make corrections.

16.02 / 01:27

Government Law regulation SEC Kraken us government The SEC shook Kraken down for $30M, but it doesn't mean they had a case

The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its peace rather than fight with the SEC for years over whether it was offering unregistered “securities” through its staking program. The nature of the settlement is that Kraken neither admitted nor denied the SEC’s allegations, and the existence of the settlement, technically speaking, cannot be used as legal precedent for any argument either side of the issue might present.

16.02 / 01:27

regulation Congress Retirement lawmakers US lawmakers US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts

Alabama Senator Tommy Tuberville has reintroduced legislation aiming to allow United States 401(k) retirement plans to include exposure to cryptocurrencies.

15.02 / 23:39

regulation European Union regulatory EC launches blockchain regulatory sandbox for 20 projects annually through 2026

The European Commission announced the launch of the European Blockchain Regulatory Sandbox on Feb. 15. The sandbox will provide a space for regulatory dialog for 20 projects per year through 2026.

15.02 / 23:39

regulation crimes FTX Court Fried Sam bail Judge allows release of guarantors' identities behind Sam Bankman-Fried's bail

A federal judge has allowed identities of guarantors who signed on sureties for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public following a request from several news outlets.

15.02 / 21:21

regulation Donations Political Donations lawmakers Kansas state lawmakers look to cap crypto political donations at $100

Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations.

15.02 / 21:03

regulation SEC SEC Plans to Restrict Hedge Funds Exposure to Crypto With New Proposal

The U.S. Securities and Exchange Commission (SEC) has proposed a draft that would make it harder for hedge funds, private equity firms, and pension funds to work with crypto companies.

15.02 / 19:01

regulation FTX Court Bankruptcy FTX bankruptcy judge denies US Trustee’s motion to appoint independent examiner

Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware has denied a motion appointing an independent examiner for FTX.

15.02 / 16:59

business Law regulation LUNC Terraform Labs Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs

South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.

15.02 / 13:37

regulation SEC Kraken Staking Crypto Staking services South Korea to examine crypto staking services following the Kraken case

As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:

15.02 / 10:53

regulation crimes Senate AML Terrorism Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.

15.02 / 09:27

business regulation Investments Bloomberg FTX Court Bankruptcy Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit

Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the now-defunct exchange, a case labeled as "tricky" by a crypto lawyer.

15.02 / 09:27

business regulation FTX Court SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit

Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class action lawsuit.

15.02 / 08:53

business regulation Court Celsius creditors committee Celsius creditors committee proposes suing Mashinsky, other Celsius execs

The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for "fraud, recklessness, gross mismanagement and self-interested conduct" that eventually led to the collapse of the crypto lender.

15.02 / 05:51

business Blockchain Ethereum Stablecoin regulation SEC us government Ethereum staking stake Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH

The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury.

15.02 / 02:01

Stablecoin regulation SEC security Circle Breaking: Circle squashes rumors of planned SEC enforcement action

USD Coin (USDC) issuer Circle has denied rumors that it received a "Wells Notice" over its United States dollar-pegged stablecoin.

15.02 / 00:33

regulation Trading SEC Blockchain Association files amicus brief in Wahi case, says SEC exceeded authority

The Blockchain Association filed an amicus brief Feb. 13 in the United States Securities and Exchange Commission (SEC) case against former Coinbase Global product manager Ishan Wahi and his associates. The advocacy group expressed its support for the defendants’ argument for dismissal, where they claimed the SEC had exceeded its authority in the case. The case alleging unregistered securities sales of nine tokens is being heard in the U.S. District Court of Western Washington.

14.02 / 23:00

CBDC regulation Federal Reserve National Brainard reportedly moving from the Fed to head National Economic Council

United States Federal Reserve Board Vice Chair Lael Brainard has been chosen to be the director of the National Economic Council, making her President Joe Biden’s top economic adviser, according to media reports. In her new position, Brainard will oversee the implementation of the Biden administration’s multibillion-dollar economic agenda, which includes the Bipartisan Infrastructure Law and the CHIPS and Science Act.

14.02 / 23:00

Government Law regulation SEC us government Expect the SEC to use its Kraken playbook against staking protocols

The United States Securities and Exchange Commission (SEC) settledwith Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.

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