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U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors' ability to find safe harbors for their assets, should have been treated as a formal rule, the GAO concluded in a report issued on Tuesday. дальше »

2023-11-1 22:11


Why Did Most Crypto Interest Accounts Fail in 2022?

The simple business model of making money on the spread between lending and interest paid to users seems sound, especially if the loans are over-collateralized and issued to trustworthy parties. The practice of lending can be traced back over 5,000 years to 3000 BC in ancient Mesopotamia; cryptocurrency lending is just an evolution. дальше »

2023-10-10 23:13


SEC Readies Whip: More Crypto Exchanges On The Radar, Official Warns

In a stern message to the crypto industry, David Hirsch, the United States SEC crypto enforcement chief, has issued a warning that more punishment and charges are imminent.  Hirsch’s declaration comes as the Securities and Exchange Commission grapples with a slew of pressing issues, but he made it abundantly clear that the regulatory body has […] дальше »

2023-9-21 19:00