Regulation Financial News

10.05 / 21:49

regulation Congress legislation lawmakers crypto legislation us house US House Lawmakers on Both Sides Seemingly Agree on Need for Crypto Legislation

Lawmakers on both sides of the aisle seem to be reaching some sort of agreement on the need for legislation to regulate cryptocurrency.

10.05 / 21:47

business regulation us government Machine Learning policies OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s chief privacy and trust officer, Christina Montgomery — who is a member of the U.S. National Artificial Intelligence Advisory Committee — and New York University emeritus professor Gary Marcus.

10.05 / 20:07

Law CFTC regulation SEC lawmakers hearing US lawmakers US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

10.05 / 18:09

regulation coinbase regulatory US Chamber of Commerce Backs Coinbase in Fight for Regulatory Clarity

The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing.

10.05 / 16:05

CFTC regulation SEC Congress hearing us house regulatory Crypto Self-Regulatory Organization Plan Floated in US House Hearing

US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.

10.05 / 12:33

regulation market makers regulatory Top Market Makers Jane Street and Jump Crypto Pare Down US Crypto Operations Amid Regulatory Pressure

Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure.

10.05 / 10:29

cryptocurrency Adoption regulation Europe Central Bank Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes

Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon."

10.05 / 09:49

regulation Taxes Tax reduction end Biden calls to end $18B ‘crypto tax loopholes’ — community begs to differ

United States President Joe Biden recently shared an infographic on Twitter, calling to end “tax loopholes” that allegedly help wealthy crypto investors. Community members responded to the tweet, questioning the figures shared by the president and if the said loopholes exist.

09.05 / 22:27

regulation SEC Grayscale CBOE Bitcoin Bitcoin Etf spot bitcoin Time Third Time the Charm for a Spot Bitcoin ETF? Cboe Tries Again To Find Out

Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval.

09.05 / 19:55

Law regulation Sport FTX Shaquille O'Neal claims process servers 'tossed' FTX legal papers at his moving car

Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.

09.05 / 19:49

regulation Kraken Congress House Financial Services House Agriculture hearing Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing

Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.

09.05 / 19:17

CBDC regulation Bank of England BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Crypto and Digital Assets Summit in London.

09.05 / 18:49

regulation coinbase insider trading DOJ Former Coinbase Manager Sentenced to Two Years in Insider Trading Case

A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case.

09.05 / 16:27

regulation Trading crimes Prison Former Coinbase product manager behind insider trading case sentenced to 24 months in prison

A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, to 24 months in prison.

09.05 / 14:35

regulation SEC coinbase exchanges Custody SEC crypto Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal

Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.

09.05 / 14:01

Binance Digital XRP regulation SEC coinbase Bitcoin Wall Street Journal: U.S. Crypto Exchanges Have Listed Multiple SEC-Deemed Illegal Tokens

Crypto exchanges based in the US may have listed multiple tokens deemed by the Securities and Exchange Commission (SEC) to be unregistered securities, according to a Wall Street Journal report.

09.05 / 10:01

Blockchain regulation SEC Digital Asset Digital Asset Management Asset management letter Coinbase legal chief sends letter to SEC on RIA rulemaking

Coinbase legal chief has requested that the U.S. Securities and Exchange Commission (SEC) make several revisions to its proposed regulation on the responsibilities of registered investment advisers (RIAs) to store client assets with qualified custodians.

09.05 / 05:05

regulation Europe European Union AML MICA Estonia squeezes out 400 crypto firms after new laws

Almost 400 Virtual Asset Service Providers (VASPS) have voluntarily shut down or had their authorizations revoked in Estonia following the government’s recently enhanced Terrorist Financing Prevention and anti-money laundering laws (AML) that came into effect in March.

09.05 / 04:41

regulation SEC Bitcoin Industry policies 'War on crypto' — Newly filed letters lambast proposed SEC custody rules

A proposal by the United States securities regulator to tighten rules around crypto custody has been met with opposition from at least two proponents of the industry, according to recently filed letters.

09.05 / 02:35

regulation Court Fried Sam FTX founder Sam Bankman-Fried urges court to dismiss charges

FTX founder and former CEO Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court, arguing for several counts that there has been a failure to state an offense.

08.05 / 20:33

Mining regulation white house Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.”

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