Regulation Financial News

16.07 / 21:43

business Ripple XRP regulation Ripple decision is 'troublesome on multiple fronts', says former SEC official

Former Securities and Exchange Commission official John Reed Stark spoke out against the recent ruling on Ripple Lab's case, calling the decision "troublesome on multiple fronts" in a LinkedIn analysis.

16.07 / 08:05

XRP regulation SEC Bitcoin Regulation Bitcoin Senator Lummis urges clear crypto regulations after XRP ruling

United States Senator Cynthia Lummis has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that Ripple’s XRP (XRP) token should not be considered a security when sold on digital asset exchanges. Lummis highlighted that the ruling underscores the urgent need for Congress to establish a comprehensive and unambiguous regulatory framework for cryptocurrencies.

15.07 / 17:05

CBDC Adoption regulation Central Bank Digital Dollar Ron DeSantis vows to ban CDBCs in the US if elected president

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.

15.07 / 13:21

Law Binance regulation SEC Bitcoin Customers Binance customers represented by entity, citing inadequate representation

A third-party entity named "Eeon" has stepped forward to intervene in the case, representing the interests of Binance's customers regarding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance.

15.07 / 11:01

ETF regulation SEC Bitcoin regulatory SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm application for a spot Bitcoin (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before.

15.07 / 03:09

business Law IPO regulation SEC coinbase Court NOT Allowing Coinbase to go public was not a 'blessing' of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

14.07 / 23:15

Law Ripple XRP regulation coinbase Opinion Court Time It’s time for the SEC to settle with Coinbase and Ripple

In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ripple, the time has come for the United States Securities and Exchange Commission to settle the remainder of its case against Ripple Labs — as well as its case against Coinbase.

14.07 / 22:11

Law regulation coinbase services Coinbase pauses staking services in four US states following regulators' orders

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.

14.07 / 14:27

Law Adoption regulation Europe privacy Central Bank United Kingdom’s digital pound meets public backlash — Why?

British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though.

14.07 / 12:41

Blockchain regulation Web3 resolution Law 3.0 — An evolution toward on-chain legal resolution in Web3

Web3 is poised to revolutionize digital interactions, but this innovation is moving faster than the conventional legal system can manage it. Unlike traditional infrastructures that rely on intermediaries, Web3 is powered by blockchain, and most rules are enforced by code. How should people build trust in decentralized, trustless systems without an on-chain legal system?

14.07 / 12:41

Government regulation Trading Bitcoin Indonesia to launch crypto exchange in July: Report

The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange and expects to debut the platform in the coming weeks.

14.07 / 12:29

regulation UK US Treasury Mansion House investment research Industry welcomes Mansion House short selling and investment research reforms

On Monday (10 July), Chancellor Jeremy Hunt introduced a “sweeping package of UK regulatory reforms” following his Mansion House speech.

14.07 / 10:11

cryptocurrency regulation Career Exchange services Financial Indonesia's Financial Services Authority Appoints Hasan Fawzi as Head of Fintech and Crypto Oversight

Indonesian financial services watchdog appointed Hasan Fawzi, a former Indonesia Stock Exchange executive, as the head of fintech and digital assets oversight and innovation.

14.07 / 09:11

Law regulation community Celsius Fine Celsius 'pleased' with resolutions amid $4.7B FTC fine

Bankrupt crypto lender Celsius Network has posted that the company is pleased with the resolutions that it was able to reach with various United States government agencies. The announcement came after the news that the FTC has imposed a $4.7 billion fine on the company.

14.07 / 09:11

regulation SEC Congress Deal Prometheum US Representative Torres demands investigation of SEC deal with Prometheum

The United States Securities and Exchange Commission (SEC) could be investigated for a “haphazard and heavy-handed approach to digital assets” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum.

14.07 / 03:55

Law Stablecoin regulation Circle Warning Circle CEO spells doom scenario for US dollar in warning to Congress

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.

14.07 / 00:59

Ripple XRP regulation Altcoin SEC XRP becomes 4th largest crypto after Ripple's partial win over SEC

Ripple (XRP) has now become the fourth largest cryptocurrency by market capitalization after Ripple Labs’ partial victory over the Securities and Exchange Commission (SEC) on July 13.

13.07 / 22:17

regulation privacy security Metaverse lawmakers UK bill on online safety should apply in the Metaverse, say lawmakers

Legislation aimed at regulating certain internet services in the United Kingdom should cover activities in the Metaverse, according to members of the House of Lords.

13.07 / 22:17

Government regulation Elections Texas Blockchain Council director announces run for State House

Steven Kinard, director of Bitcoin mining analytics at the Texas Blockchain Council, a crypto advocacy group, has announced that he will run for a seat in the Texas House of Representatives.

13.07 / 20:11

regulation ChatGPT AIM FTC takes aim at OpenAI's ChatGPT with lengthy criminal investigation questionnaire

OpenAI, maker of AI chatbot ChatGPT and related products, has received a criminal investigative demand (CID) from the United States Federal Trade Commission (FTC), the Washington Post reported on July 13. The CID is reproduced on the newspaper’s website without a date. A CID is similar to a subpoena, and recipients are legally obliged to produce the information they request.

13.07 / 18:29

Adoption regulation Latin America Bitcoin Futures Derivatives Bitcoin First Bitcoin futures contract debuts in Argentina

Argentina welcomed its first Bitcoin futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda.

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