2020-12-14 01:15 |
The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
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Ripple's lawyers have asked a court to consider an "appropriate" civil penalty in its ongoing case against the SEC, citing the recent settlement between the regulator and Terraform Labs as evidence that the SEC's requested $2 billion penalty is unreasonable.
Coinbase objected to the SEC’s $2. 6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate on June 13, a Coinbase representative said: “Yet again the SEC asks for more money that will go to regulation by enforcement when it has used none of its massive budget for real crypto rulemaking that […] The post Coinbase derides SEC’s $2.
The European Banking Authority (EBA) has unveiled comprehensive guidelines addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation.
CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13. Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority.
SEC Chairman Gensler warns that FTX-like commingling is common in crypto exchanges, highlighting the industry's regulatory challenges. The post Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions appeared first on Crypto Briefing.
Amanda Pritchard, chief executive of the UK's National Health Service, urges lawmakers to address the growing problem of young people becoming addicted to crypto trading, as specialist gambling clinics witness an increase in such cases.
Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4. 5 billion SEC settlement. Amani wrote on June 12 that the community must “take over ownership of the chain.