Binance becomes the first regulated crypto exchange in El Salvador
Key Points Binance has confirmed that it has become the first regulated crypto exchange in El Salvador. The development pushes El Salvador's Bitcoin vision further, as investors will have a chance to trade more cryptocurrencies. Binance has become the first regulated...
US SEC expected to announce a Bitcoin Spot ETF decision delay this week
Key Points According to US laws, the US SEC is bound to give a decision regarding the approval process of an ETF 45 days after the initial filing. This week will see the end of those days regarding a group of Bitcoin spot ETFs filed with the regulator. Galaxy Digital...
Ilya Lichstein and Heather Morgan plead guilty to $4.5bn Bitfinex hack
Key Points Ilya Lichstein and Heather Morgan have pleaded guilty to being original hackers of the bitcoin exchange Bitfinex in 2016, which resulted in a loss of $4.5 billion. The guilty plea by Ilya Lichstein and Heather Morgan came in Washington DC, which also...
Efforts towards global crypto regulatory standards advance as UK and Singapore join hands
Key Points UK and Singapore to continue working together on developing global crypto regulatory standards MAS has asked the UK to consider raising digital currency spending caps The UK and Singapore have led in showcasing the possibility of global crypto regulatory...
Should Gary Gensler Resign?
The mighty Gary Gensler, a devoted ombudsman, or crypto’s number-one public enemy? Originally a wall street regulator, Gary Gensler’s evolution from a stalwart ombudsman and crypto professor to crypto’s antagonist has been paradoxical. His actions sparked a debate in...
US SEC hints at potential XRP ruling appeal
Key Points US SEC has expressed discomfort with the recent XRP rule, saying that the Judge behind it was incorrect. The landmarking ruling stirred the crypto market as analysts and investors called for counter lawsuits against SEC’s crypto onslaught and hinted at...
Gemini’s Cameron Winklevoss calls out SEC for bad regulatory practices
Gemini boss Cameron Winklevoss has expressed dissatisfaction with the US SEC’s unrealistic crypto regulation approach. He pointed out on Coinbase story where the US SEC allowed it to go live only to charge them later, calling it “ludicrous.”
Is the US SEC trying to kill crypto?
The United States Securities and Exchange Commission (US SEC) is a US regulatory arm for investor protection. After the wall street crash of 1929, the US Congress addressed the need for a regulator to prevent similar incidents.
Gary Gensler must work with Congress to develop proper crypto rules after Ripple drama- Financial Services GOP
Gary Gensler is under fire after the US SEC partially lost a case against Ripple in the Southern District of New York. Judge Torres ruled on July 13 that the XRP token is not a security so long as it is traded programmatically on exchanges. The US House Committee on Financial Services for Republicans has asked him to work with Congress to regulate digital assets.
Alex Mashinsky, ex-CEO of bankrupt crypto lender Celsius, arrested as US SEC presses charges
Alex Mashinsky is being sued by the US SEC following the collapse of the crypto lender Celsius. Mashinsky served as the CEO of the fallen crypto giant till its last days.
UK FCA shuts down 26 crypto ATMs
UK FCA has joined a growing group of hawkish regulators after spearheading multiple crypto crackdowns. Now, it has ordered the shutdown of 26 crypto ATMs that have worked against set rules.
Denmark asks Saxo Bank to erase crypto holdings
Denmark has asked one of its largest banks, Saxo Bank, to erase its cryptocurrency holdings as a de-risking effort. It expects the bank not to be impacted in any way while closing its crypto market positions.