US Republican House Majority Whip Tom Emmer has introduced an appropriation amendment aimed at curbing the power of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer criticizes Gensler’s anti-crypto stance, accusing him of regulatory abuse that stifles American innovation and capital formation. The amendment, which was unanimously passed by the US House of Representatives, […]
SC Ventures, the fintech investment arm of Standard Chartered, is partnering with Japanese financial conglomerate SBI Holdings to establish a “Digital Asset Joint Venture” investment company in the UAE. The joint venture aims to make strategic and minority investments in various areas, including market infrastructure, risk management, compliance tools, DeFi, tokenization, consumer payments, and the […]
The cryptocurrency exchange JPEX is facing further developments in its ongoing saga. Taiwan prosecutors have reportedly identified new alleged suspects in the case. The Taipei District Prosecutors Office (TDPO) has requested the custody of Chang Tung-ying, the chief partner at JPEX’s Taiwan office, over allegations of fraud. The authorities have also summoned three other individuals, […]
SEC Chair Gary Gensler’s recent comments have sparked a surge in the value of FTT tokens. Gensler hinted that FTX, which had previously faced bankruptcy, could potentially make a comeback if it adheres strictly to the law. This news has caused FTT tokens to rally by an impressive 90%. Investors are optimistic about the potential […]
The Turkish Finance Minister has introduced a draft law for the regulation of cryptocurrencies, aiming to bring “legal certainty” and impose “strict requirements.” This move comes after Turkey was placed on the gray list by the Financial Action Task Force (FATF) for not being vigilant enough against money laundering. Turkey’s Finance Minister claims that they […]
SEC Chair Gary Gensler has expressed openness to a potential reboot of the bankrupt cryptocurrency exchange FTX, as long as the new leadership operates within the boundaries of the law. Gensler emphasized the importance of building investor trust, proper disclosures, and avoiding conflicts of interest. Tom Farley, former president of the New York Stock Exchange […]
Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a hack, resulting in a loss of $2.4 million. The breach is believed to be a result of a compromised private key on one of CoinSpot’s hot wallets. Blockchain analyst ZachXBT identified two transactions entering the hacker’s wallet, which were then transferred to the Bitcoin network […]
Pro-crypto Congressman Tom Emmer has introduced an amendment to the federal budget that aims to prevent the Securities and Exchange Commission (SEC) from using government funds for crypto enforcement activities. The amendment, which has passed unopposed, states that the SEC cannot engage in enforcement related to digital asset transactions until Congress grants the agency jurisdiction […]
Binance, a major cryptocurrency exchange, is facing a lawsuit from the United States Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and operating as an unlicensed exchange in the country. In response, Binance has filed a motion to dismiss the lawsuit, arguing that the SEC’s interpretation of securities laws is flawed and that […]
Gemini, a cryptocurrency exchange, has announced measures to comply with the controversial crypto Travel Rule in the United Kingdom. However, this move has been met with criticism from a Trezor analyst who believes it is a step towards overregulation and will limit customers’ freedom for self-custody of their crypto assets. Starting on November 17, Gemini […]
