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Sam Bankman-Fried charged with fraudulent campaign donations exceeding $100M

Sam Bankman-Fried, the founder and former CEO of FTX, is now facing charges of illegal campaign financing activity, per superseding indictment filed Aug. 14. The prosecutor’s filing alleges that Bankman-Fried contributed more than $100 million to Democratic and Republican campaigns with the intention of influencing cryptocurrency regulation. дальше »

2023-8-15 01:20


The SEC is exceeding its authority and encroaching on Congress’ lawmaking: Senator Lummis

U. S. Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase’s motion to dismiss against the U. S. Securities and Exchange Commission (SEC) lawsuit. Drawing attention to the Lummis-Gillibrand Responsible Financial Innovation Act, which aims to regulate crypto, the Senator said that there are already ongoing debates in Congress on crypto regulation. дальше »

2023-8-13 20:44


Ex-Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption

Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding stablecoin regulation in the US.  In an interview with CNBC on Friday, August 11, Brooks, now a partner at Valor Capital Group, took a stance against stablecoins opposition in the US government, saying that a […] дальше »

2023-8-12 17:50


What in the World Is Going on With Crypto Regulation?

Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need for enhanced regulatory certainty in the industry's advancement. дальше »

2023-8-10 18:45


Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets. дальше »

2023-8-10 04:00


Crypto Law Requiring IDs For $10,000 Purchases Will Go Into Effect In 5 Months

The countdown has begun for a significant shift in the world of cryptocurrencies as a new US law gears up to reshape the landscape. Set to be enacted on January 1, 2024, this regulation mandates American businesses to collect personal information from individuals conducting digital asset transactions exceeding $10,000.  While hailed as a step towards […] дальше »

2023-8-7 19:00


US exodus as Revolut now ‘suspends’ crypto access in country amid regulatory uncertainty

Amid the evolving landscape of crypto regulation in the United States, financial technology company Revolut has announced it is “suspending” crypto services in the US. A Revolut spokesperson told CryptoSlate, the company, together with its US banking partner, will suspend access to cryptocurrencies for its US customers starting Sept. дальше »

2023-8-4 15:01


SEC Actions Favor Corporate Capitalism Over Investors, Pro-XRP Lawyer Claims

The actions of the U. S. Securities and Exchange Commission (SEC) continue to raise eyebrows among crypto industry observers. According to John Deaton, a pro-XRP lawyer, the regulatory body’s approach to cryptocurrency regulation appears to uphold the interests of corporate capitalism rather than advocating for investor protection. дальше »

2023-7-30 16:21


A suite of crypto legislation passed the House Financial Services Committee this week

On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They will now proceed to a full vote in the House. A Republican-led effort, the bill’s progression is a significant legislative moment for cryptocurrency regulations. дальше »

2023-7-29 11:00


Democratic congressman Ritchie Torres calls Gensler’s SEC ‘arbitrary and capricious’

Democratic House of Representatives member Ritchie Torres criticized the U.S. Securities and Exchange Commission (SEC) and advocated for new laws on July 28. Torres told Unchained podcast host Laura Shin: “The modus operandi of the SEC under [Chair] Gary Gensler has been regulation by enforcement … he has taken what I consider to be arbitrary […] The post Democratic congressman Ritchie Torres calls Gensler’s SEC ‘arbitrary and capricious’ appeared first on CryptoSlate. дальше »

2023-7-29 08:00


Crypto Regulation Or Overreach? SEC’s Warning Draws Mixed Reactions

The US Securities and Exchange Commission (SEC) has issued a dire warning to accounting firms conducting audits in the crypto asset space. In a statement released on July 27, SEC Chief Accountant Paul Munter expressed concerns about the potential for misleading information to be presented to investors through non-audit work, which he argued is not […] дальше »

2023-7-29 22:00


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US House Financial Services Committee passes bill for clear crypto regulation

A vital US House meeting has passed a bipartisan bill that might finally ensure the sought-after regulatory clarity for cryptocurrency businesses. On Wednesday, 26 July, most United States watchdogs voted to advance two cryptocurrency regulation bills, approving the 21st Century Act to safeguard customers and ensure decisive rules for the digital asset sector. дальше »

2023-7-27 07:32