News with the tag "US regulators"

Recent reports claim that Coinbase is seeking clarity on the status of banking services related to crypto. In a letter, the exchange allegedly urged US regulators to confirm whether banks can offer services to crypto businesses. This move comes before the US Congress hearing regarding “Operation Cho...

The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the "Larger Participants" rule.

Billionaire and crypto advocate Mark Cuban criticized the US Securities and Exchange Commission (SEC) Chairman for his crackdown on the industry, arguing that FTX and Three Arrows Capital (3AC) would still be in business if it weren’t for the US regulator. Related Reading: Hiding In Plain Sight: Cry...

In a recent podcast interview, Ripple’s CEO Brad Garlinghouse stated that Tether, the largest Stablecoin issuer by market share, is next on the US government’s target list. Tether’s CEO, Paolo Ardoino, refuted Garlinghouse’s comments and accused him of spreading fear. Related Reading: XRP Ledger Att...

Denver-based internet pastor, Eli Regalado, is at the center of a controversy surrounding an alleged crypto Ponzi scheme involving INDX coin. The self-proclaimed spiritual leader has come under scrutiny as Colorado’s securities regulator investigates his deceptive practices, which reportedly resulte...

After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the SEC a...

Synthetix (SNX) founder Kain Warwick thinks it is now clear that US financial regulators are operating in bad faith to oversee the crypto sector. In a new interview on Bankless, Warwick says that he’s surprised by the level of “adversarial attacks” on crypto from regulators like the Securities and E...

Binance – the world’s largest crypto exchange – has been the talk of the market

Jay Clayton, former chair of the U.S. Securities and Exchange Commission (SEC), has revealed his stance on the recently implemented enforcement strategy of U.S. regulators. In an interview on CNBC, Clayton stated that the SEC’s strategy of bringing myriad cases to court against U.S. corporations was...

Chamath Palihapitiya, the tech billionaire who predicted two years ago that crypto, especially bitcoin, will replace gold and reach $200,000, is now considerably more wary about digital assets. US Securities and Exchange Commission Chairman Gary Gensler’s harsh position on cryptocurrency trading pla...