Crypto Biz: US regulators crack down on Uniswap

This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.

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Why the SEC Is Wrong About NFTs

The SEC's Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of "Creators Take Control."

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Crypto advocates criticize SEC notice to OpenSea

It’s unclear whether the SEC will pursue an enforcement action against the OpenSea marketplace, but its CEO alleged regulators “believe NFTs on our platform are securities.”

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FTX and CFTC reach a $12.7B settlement: What happens now?

FTX and CFTC have reached a $12. 7 billion settlement. FTX filled for bankruptcy in 2022, and regulators filled civil lawsuits against the firm. After two years of legal battle and investor fThe post FTX and CFTC reach a $12.

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Coinbase sues SEC in ‘reverse UNO’ move on crypto transparency – reports

Coinbase has taken a bold step in its ongoing struggle with financial regulators. As Fox Business reported, the company has filed lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a Washington, DC district court, seeking access to internal documents related to crypto regulation.

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Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities

Australia's regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday.

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Crypto firms rally behind FIT21 bill approaching US House floor vote

Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.

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Thai regulator cracks down on deceptive crypto ads

Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments.

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Uniswap and Chainlink Advocates Focus on Raffle Coin Presale, Forecasting 50X Returns

Since the inception of the crypto-asset industry, conventional finance bodies and regulators have teamed up to drag crypto players into potholes of concerns. A robust lawsuit against Uniswap from the US regulator, the Securities and Exchange Commission, has hurt its market, sparking a shift toward Raffle Coin.

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FTX founder receives 25-year jail sentence, SEC seeks $2b from Ripple, Bitcoin reclaims $70k | Weekly Recap

Weekly Recap: Significant legal developments across the cryptocurrency sector, including SBF's sentencing, regulators' demanding $2b from Ripple, and an indictment against KuCoin. 

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XRP and ETH Securities Guaranteed to Go to Zero Against Bitcoin: Max Keiser

Prominent Bitcoiner Max Keiser states that regardless of what decision regulators may issue, XRP and ETH will remain securities

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Ripple CEO: SEC to Lose War Against Ethereum

Ripple's Garlinghouse has slammed the SEC for picking up fights with regulators

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Nigeria’s government rails against crypto as naira plummets

Regulators are being urged to take action against Binance and other exchanges, such as KuCoin and Bybit, in a bid to prevent further manipulation of the Naira.

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Blockchain Group Declares ‘War’ – US Senator’s Anti-Crypto Bill Endangers National Security

The simmering tension between the crypto industry and US regulators boils over as the Blockchain Association, a powerful industry trade group, launches a fresh salvo against Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act (DAAMLA).

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Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Says

The regulator has brought enforcement actions against Coinbase and Robinhood.

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Why US Crackdowns Could Delay Next Crypto Bull Run

The recent enforcement action against Binance and CZ by US regulators could set back markets and delay the next crypto bull run. The post Why US Crackdowns Could Delay Next Crypto Bull Run appeared first on BeInCrypto.

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BREAKING: Kraken Exchange Under Siege, SEC Files Lawsuit

In the US Securities and Exchange Commission’s (SEC) ongoing regulatory crackdown, regulators have turned their attention to US-based crypto exchange Kraken. According to recent reports, the SEC has filed a lawsuit against the exchange, accusing it of operating an unregistered trading platform for cryptocurrency assets.

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Texas, Alabama securities regulators allege fraud against GS Partners in multiple crypto schemes

Securities regulators in Texas and Alabama have accused a group of companies tied to a metaverse real estate project of fraudulently raising millions from investors. The Texas State Securities Board last week issued an emergency cease and desist order against GS Partners, Swiss Valorem Bank, and several related entities controlled by Josip Heit.

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SEC drops charges against Ripple, crypto exchanges address Israel-Hamas war, Bitcoin crosses $30K | Weekly Recap

Weekly Recap: U.S. regulators dropped charges against Ripple's executives; Coinbase addresses Hamas' use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs.

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SEC finds support in its battle against Coinbase, details here

The groups to file these briefs batting for the SEC against Coinbase are NASAA, NFI, and some legal scholars. The briefs emphasized regulators like the SEC can implement existing laws in emergiThe post SEC finds support in its battle against Coinbase, details here appeared first on AMBCrypto.

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State regulator joins SEC in lawsuit against Coinbase

The North American Securities Administrators Association (NASAA) filed a brief supporting the SEC’s lawsuit against Coinbase. The NASAA, a group of state and provincial regulators from the US, Canada, and Mexico, has joined the SEC and filed a brief supporting…

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US Regulators Eye Sanctions Against Former Voyager CEO In Bankruptcy Probe

Stephen Ehrlich, the co-founder of Voyager Digital, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for alleged violations of derivatives regulations.  Bloomberg has revealed that the CFTC’s enforcement division staff conducted a probe into Ehrlich’s conduct, concluding that he misled customers regarding the safety of their assets.  Voyager Co-founder Found In […]

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File-sharing protocol LBRY, once vanquished by the SEC, files to appeal previous rulings

The decentralized file-sharing platform LBRY announced on Sept. 7 that it will continue to contest the results of a legal case initiated by securities regulators. The U. S. Securities and Exchange Commission (SEC) initially filed charges against LBRY in 2021, alleging that it offered its LBC token as an unregistered security.

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EOS Wins Whitelist Approval From Japanese Regulators

The EOS token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA), allowing it to be traded against the Japanese yen on the BitTrade exchange from mid-September.

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SEC In Turmoil: Internal Rebellion Erupts Over NFT Showdown, Regulators At War?

In a recent development, two prominent commissioners at the US Securities and Exchange Commission (SEC), Mark Uyeda and Hester Peirce, have expressed their dissent against the agency’s enforcement action on Non-Fungible Tokens (NFT).

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Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama | Weekly Recap

This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin.

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Binance seeks protective order against SEC’s ‘fishing expedition’

The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.

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BREAKING: DOJ Investigation Casts Shadow Over Binance, Sparks Fears Of Bank Run

Per a report from Semafor, the U.S. Department of Justice (DOJ) has been weighing on the possibility of filing fraud charges against crypto exchange Binance. The company has been in the eye of all major regulators worldwide in 2023 and might be about to face its biggest legal hurdle to date. Related Reading: Bitcoin Taker […]

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Binance could face fraud charges but US regulators are concerned over this factor

The US regulator is considering bringing in more charges against the world's largest crypto exchange However, the regulators fear the action would result in customers losing money Binance - The post Binance could face fraud charges but US regulators are concerned over this factor appeared first on AMBCrypto.

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Binance U.S. Faced Potential Closure, CEO Weighed Options Amid Regulatory Turmoil

Per a recent report from The Information, the CEO of crypto exchange Binance, Changpeng “CZ” Zhao, considered closing its U. S. subsidiary. The possibility was reflected due to the increasing hostilities from regulators against Zhao and the trading venue in the country.

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Regulators Tell Nigerians To Stay Away From Binance, Here’s Why

Nigeria’s Securities and Exchange Commission (SEC) has warned Nigerians against investing or trading on Binance, the world’s largest crypto exchange by trading volume. The Commission, as part of its “statutory mandate of investor protection,” warned local investors of the risk of trading in crypto assets, tagging it as a “high level of risk” which may […]

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US Regulators Investigate OpenAI Amid Hollywood Writer Strike

The Federal Trade Commission (FTC) is investigating OpenAI, the maker of ChatGPT, over potential false information and data security practices. Concurrently, Hollywood writers are protesting against the rise of AI technology.

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Crypto markets are booming after historic XRP ruling; BTC and ETH both break critical barriers at 31k and 2k

Bitcoin and the rest of the cryptocurrency market saw significant gains after Ripple secured a victory against securities regulators on July 13. As of 8:30 p. m. UTC, Bitcoin (BTC) had gained 4.

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CZ Shares Secret Behind Binance’s Strong Team Spirit Amid Brewing Battles With Regulators

Despite the regulatory headwinds against Binance, the exchange’s CEO Changpeng Zhao claims that camaraderie amongst employees is at its zenith as he shares the “secret” for building resilient teams.

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Binance Feels Strain of World’s Regulators Leaping Into Action

Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company.

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Saxo Bank obliged to get rid of crypto holdings by Danish authorities

In a move aimed at tightening regulations in the cryptocurrency sector, Danish financial regulators have taken action against cryptocurrency service providers, specifically targeting local banks from holding cryptocurrency assets as a means of mitigating trading risks. The Danish Financial Supervisory…

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Saxo Bank ordered to dispose of crypto holdings by Denmark’s DFSA

The DFSA ordered the Saxo Bank to dispose of its own holdings in crypto. The Financial regulators in Denmark have said that local banks are not allowed to hold crypto to hedge against trading risks.

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US Regulators’ War on Crypto Will Hasten Exodus of Talent, Warns MIT Professor

MIT professor Yido Gao defends the crypto industry against blame for its bad actors, and advises against a hasty exodus from the US. The post US Regulators’ War on Crypto Will Hasten Exodus of Talent, Warns MIT Professor appeared first on BeInCrypto.

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Senator Cynthia Lummis criticizes SEC’s action against Coinbase, says lawmakers are working on crypto regulation bill

U. S. Senator Cynthia Lummis said the SEC’s recent action against cryptocurrency exchange Coinbase despite its attempts to comply with regulators, “is not the right way to do business in America.

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Prime Trust cannot fulfill withdrawals, must stop accepting funds: Nevada C&D order

Financial regulators in Nevada issued a cease and desist order against Prime Trust on June 21 after monitoring the company for solvency. In an email to CryptoSlate, the Nevada Financial Institutions Division (NFID) said it monitored the solvency of Prime Trust prior to a possible acquisition or merger.

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SEC Lawsuits Against Binance and Coinbase Were an Inside Job, Claim Crypto Leaders

The lawsuits against Binance and Coinbase have set the crypto world ablaze with suspicion, leading to a haunting hypothesis: are Wall Street and government regulators orchestrating an inside job to dominate the crypto market? The post SEC Lawsuits Against Binance and Coinbase Were an Inside Job, Claim Crypto Leaders appeared first on BeInCrypto.

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Report: 33 straight days of net withdrawals from crypto exchanges

Key Takeaways Regulators are clamping down hard on the US crypto industry, with recent lawsuits announced against Binance and Coinbase Bitcoin’s correlation with stocks is at a 5-year low, with the latter soaring but Bitcoin’s price suppressed by concerns around future of industry in US Exchanges have seen net outflows for 33 days in a […] The post Report: 33 straight days of net withdrawals from crypto exchanges appeared first on CoinJournal.

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Crypto Industry Will Survive Regulatory Pressure – Blockstream CEO Adam Back

The last two weeks have been tough for the crypto industry in the US as the Securities and Exchange Commission (SEC) has sued Binance and Coinbase in a wave of regulatory crackdown. This ripple effect affects other countries as local regulators started to take a tough stand against crypto. As a result, strategists say the […]

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New Jersey, Alabama securities regulators take action against Coinbase following SEC lawsuit

The New Jersey Office of the Attorney General and the Alabama Securities Commission took action against Coinbase on the same day the  Securities and Exchange Commission (SEC) filed suit against the exchange.

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Coinbase Suffers Double Whammy As SEC And State Regulators Act Against Exchange For Unregistered Securities

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SEC Sues Binance, Claiming World’s Largest Crypto Exchange Deceived Regulators

The SEC has filed an array of charges against Binance, the world's largest crypto exchange, for allegedly violating securities laws. The 13 charges are some of the most consequential ever leveled against a firm in the crypto industry.

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Japanese regulators warn OpenAI against collecting sensitive data

Japan’s Personal Information Protection Commission warned OpenAI against collecting sensitive information without people’s consent, Reuters reported on June 2. The privacy watchdog also asked OpenAI, the Microsoft-backed startup behind ChatGPT, to minimize the collection of sensitive data for machine learning.

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Dubai Urges Global Regulators to Close Crypto Gap and Unite Against Bad Actors

Dubai’s regulators recommend a collaborative approach amongst regulators to close the gap in crypto regulations. The post Dubai Urges Global Regulators to Close Crypto Gap and Unite Against Bad Actors appeared first on BeInCrypto.

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Hedge fund billionaire Paul Tudor Jones says ‘Entire US regulatory apparatus is against Bitcoin’

Billionaire hedge fund manager Paul Tudor Jones believes Bitcoin (BTC) will see strong headwinds in the coming months due to regulators and inflation. Jones made the comments during his latest appearance on CNBC’s Squawk Box, where he discussed various economic themes and monetary policy.

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