Court asks SEC to reply Coinbase in 10 days.

The U. S. Securities and Exchange Commission (SEC) has been ordered to reply to Coinbase’s legal action within 10 days. In a May 3 tweet, Coinbase’s chief legal officer Paul Grewal revealed that a Third Circuit court issued a text-only order that directed the financial regulator to file a response to the exchange’s mandamus petition. origin »

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Nigeria finally implements its blockchain policy .

The Nigerian government has approved its national blockchain policy. It aims to institutionalize blockchain technology and its components in the nation. Nigeria, the most populous country in Africa, is finally ready to bring regulatory clarity to its blockchain industry and… origin »

$22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight.

Key Takeaways The balance of stablecoins on exchanges is at a 2-year low In the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billion Treasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoins BUSD shutting down and USD Coin getting caught up […] The post $22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight appeared first on CoinJournal. origin »

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