2023-11-3 19:54 |
SEC subpoenas PayPal over its dollar-pegged PYUSD stablecoin, highlighting debates on big tech and crypto regulation.
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PayPal has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its dollar-tied stablecoin, PYUSD. The post SEC Issues Subpoena to PayPal Over PYUSD Stablecoin appeared first on BeInCrypto.
2023-11-2 13:36 | |
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Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC’s securities fraud lawsuit against it. Terraform Labs collapsed in May 2022 after its native token LUNA lost 99% of its value when the linked algorithmic stablecoin UST lost its peg to […] The post Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit appeared first on CryptoSlate.
2023-10-31 23:40 | |
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Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world.
2023-10-19 11:53 | |
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Amid the unfolding developments between the US Securities and Exchange Commission (SEC) and leading crypto exchange Binance, a pivotal update involving Circle, the issuer behind stablecoin USD Coin (USDC), has emerged just ahead of a hearing scheduled for October 12.
2023-10-13 03:00 | |
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The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.
2023-9-28 20:50 | |
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Amid ongoing regulatory efforts, the U. S. Securities and Exchange Commission (SEC) is poised to contest Ripple’s recent victory. Binance captures attention with ambitious growth moves, while PayPal introduces its very own stablecoin.
2023-8-14 18:16 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, the SEC postpones a key spot Bitcoin ETF approval decision, Paypal launches a stablecoin, and volumes on the Bitcoin futures market dry up.
2023-8-14 15:01 | |
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This week's roundup sees the launch of Worldcoin, Meta's strong Q2 amid an AI pivot, and renewed attempts by the US government to stall crypto legislation. The post This Week in Crypto: Worldcoin Launch, SEC XRP Appeal, Strong Meta Earnings, and New Stablecoin Rules appeared first on BeInCrypto.
2023-7-28 17:00 | |
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The USD-backed stablecoin project runs on XRP Ledger. Only two weeks earlier, Ripple secured a partial victory in its legal battle with the SEC. Ripple [XRP] Labs has collaborated as an induThe post Island country partners with Ripple to mint USD-backed stablecoin appeared first on AMBCrypto.
2023-7-26 15:00 | |
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The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.
2023-7-12 14:00 | |
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U. S. Federal Reserve Chair Jerome Powell’s bullish stance on stablecoins is notably at odds with the cautionary perspective of Securities and Exchange Commission (SEC) Chair Gary Gensler. The juxtaposition of these positions has sparked further discourse in the ongoing debate over the classification and regulation of cryptocurrencies.
2023-6-23 02:00 | |
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San Francisco-based crypto exchange Coinbase has raised its reward rates for USD Coin (USDC), a stablecoin tied to the US dollar. Users can now earn a 4% annual percentage yield (APY) on their USDC holdings.
2023-6-16 12:24 | |
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Stablecoins aw a resurgence of interest following SEC's lawsuits Rise in unique active addresses and weekly senders underlined growing interest in stablecoins After months of waning interestThe post USDT, USDC, and DAI: Has the SEC kickstarted stablecoin season? appeared first on AMBCrypto.
2023-6-12 22:30 | |
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Circle, a stablecoin issuer, has scored a coup with the appointment of Big Law veteran Heath Tarbert as its top legal eagle amid an intensifying crackdown on crypto. The post Stablecoin Circle Lawyers Up Amid SEC Crackdown on Crypto appeared first on BeInCrypto.
2023-6-9 17:53 | |
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The U. S. Securities and Exchange Commission (SEC) alleged that Binance sent a foreign affiliate of stablecoin issuer Paxos nearly $20 billion of commingled funds in 2021, according to a declaration made by Sachin Verma, an Assistant Chief Accountant of the Commission.
2023-6-8 18:34 | |
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The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara.
2023-5-18 00:02 | |
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According to recent court filings by the Securities and Exchange Commission (SEC), the Chicago-based firm Jump Trading LLC secretly propped up Terra (UST), the algorithmic stablecoin created by Do Kwon, a year before its eventual collapse.
2023-5-17 02:30 | |
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Chicago-based crypto trading firm Jump Trading is once again facing scrutiny from the U.S. Securities and Exchange Commission (SEC) as new court filings shed light on a clandestine agreement between the company and the now-defunct Terraform Labs regarding the TerraUSD stablecoin.
2023-5-16 16:04 | |
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One former SEC official has denounced the stablecoin Tether as a “mammoth house of cards” in light of patterns of behavior that raise concerns about its reserves and reporting. The post “A Mammoth House Of Cards”: Former SEC Official Blasts Stablecoin Tether appeared first on BeInCrypto.
2023-5-12 18:54 | |
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A group of House Republicans has introduced a draft bill limiting the power of the Securities and Exchange Commission (SEC) over stablecoins used for payments. The bill, still under negotiation, was made public on April 24 and came as the…
2023-4-25 12:10 | |
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The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.
2023-4-24 13:59 | |
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SEC Chairman Gary Gensler recently testified before Congress, expressing concerns over the state of cryptocurrency compliance and the need for stablecoin regulation
2023-4-18 19:28 | |
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The total stablecoin market cap of Tron grew by 5% over the last week. The TVL on the network dropped 3% since the SEC launched a probe against the TRON foundation. The TRON [TRX] ecosystem The post Tron sees expansion, but this impending danger can't be ignored appeared first on AMBCrypto.
2023-3-26 05:30 | |
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Co-founder of BSV Craig Wright has slammed Tether in wake of recent SEC moves
2023-3-26 23:00 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, bitcoin rallies as doubt in the traditional financial system falters, a Federal judge challenges the SEC on unclear crypto communication, and the stablecoin ecosystem has another bout of shakiness.
2023-3-20 14:01 | |
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Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged. There has since been a […]
2023-3-17 02:00 | |
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The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month.
2023-3-14 01:18 | |
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On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin.
2023-3-6 18:26 | |
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BUSD stablecoin recorded some setbacks after the US SEC’s recent enforcement action on its issuer, Paxos. Aside from a plunge in trading volume, BUSD’s market capitalization has also plummeted significantly.
2023-3-3 17:30 | |
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Following the SEC’s notice to Paxos to stop minting Binance USD (BUSD), only a handful of options remain for the issuing entity, each potentially changing the entire stablecoin ecosystem. On Feb 13, the U.
2023-3-2 15:46 | |
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TrueUSD has become the fifth largest stablecoin after Binance minted about $130 million TUSD in the past seven days. According to blockchain data by Coingecko, the recent crackdown on BUSD by the Securities and Exchange Commission (SEC) saw its utility…
2023-2-28 13:47 | |
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The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
2023-2-27 17:02 | |
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Following the SEC’s notice to Paxos to stop minting Binance USD (BUSD), only a handful of options remain for the issuing entity, with each having the potential to change the entire stablecoin ecosystem.
2023-2-26 19:26 | |
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Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry.
2023-2-28 22:47 | |
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Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry.
2023-2-25 22:47 | |
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Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regarding SEC’s recent moves on BUSD stablecoin issuer Paxos.
2023-2-25 18:00 | |
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Circle CEO Jeremy Allaire told Bloomberg on February 23 that the United States Securities and Exchange Commission should not be tasked with regulating stablecoins. The post Circle CEO says stablecoin regulation should not be assigned to U.S. SEC appeared first on CryptoSlate.
2023-2-24 03:30 | |
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The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important.
2023-2-24 02:40 | |
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JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said.
2023-2-24 15:02 | |
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The US Securities and Exchange Commission has charged Do Hyeong Kwon and his Singapore-based company Terraform Labs with orchestrating a multi-billion dollar crypto asset securities fraud involving the UST stablecoin and other crypto asset securities.
2023-2-24 14:01 | |
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According to a Reuters report, Paxos, the first regulated blockchain infrastructure platform behind Binance’s stablecoin BUSD, is in ongoing discussions with the Securities Exchange Commission (SEC) following the regulatory crackdown on this industry.
2023-2-22 01:00 | |
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Paxos Trust, the issuer of Binance USD, is currently in talks with the U.S. Securities and Exchange Commission (SEC) after the regulatory body stated that Paxos should have registered the token as a security
2023-2-21 19:46 | |
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Key Takeaways Sam MacPherson of MakerDAO, the creators of the decentralised stablecoin DAI, joins the podcast Sam and host Dan Ashmore discuss the future of the DAI stablecoin following the relations that BUSD will shut down amid the SEC clampdown in the US The duo chat collateral, capital efficiency, centralisation, Tether, USDC, criticisms of DAI, […] The post PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast appeared first on CoinJournal.
2023-2-21 18:59 | |
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Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U. S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin.
2023-2-20 00:04 | |
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Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company.
2023-2-19 00:27 | |
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Jump Trading is the masked "U.S. trading firm" that the United States Securities and Exchange Commission (SEC) accused of helping sustain the TerraUSD stablecoin, UST, from de-pegging in 2021
2023-2-18 12:39 | |
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TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US SEC started a regulatory crackdown on Binance USD (BUSD/USD), Binance’s native stablecoin.
2023-2-19 16:37 | |
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Комиссия по ценным бумагам и биржам США (SEC) предъявила обвинения Terraform Labs (TFL) и ее CEO До Квону в организации многомиллиардного мошенничества с ценными бумагами. Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. — […]
2023-2-17 11:41 | |
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Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing to the pavement in crypto lately.
2023-2-17 01:36 | |
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US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
Cryptocurrency exchange Kraken refuted the SEC's claims it listed securities, arguing the regulator lacks evidence and is misusing terms to expand authority. The post Kraken refutes SEC’s claim that it offered ‘investment concepts’ appeared first on Crypto Briefing.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG).
Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.
The US House passes bipartisan resolution H.J.Res.
The post House passes resolution overturning SEC rule on crypto and digital asset custody appeared first on Crypto Briefing.