12 - 2023 | MachinaTrader.com

Cryptocurrency Industry Ramps Up Lobbying Spending to Shape Regulatory Landscape

Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]

Cryptocurrency Industry Ramps Up Lobbying Spending to Shape Regulatory Landscape

Coinbase Enables Instant USD Coin Transfers via Social Media and Messaging Apps

Crypto exchange Coinbase has announced a new feature that allows users to send and receive USD Coin (USDC) through social media platforms and messaging apps. By sharing a link, recipients can access the funds and have them automatically deposited into their Coinbase Wallet. This eliminates the need for traditional money transfer methods and provides a […]

Coinbase Enables Instant USD Coin Transfers via Social Media and Messaging Apps

House Subcommittee Hearing Highlights Risks and Opportunities of AI and Digital Assets in Financial Sector

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion recently held a significant hearing to address the impact of new technologies on the financial sector. Representatives from federal agencies, including the Federal Reserve, SEC, and OCC, testified about the increasing influence of digital assets, distributed ledgers, and artificial intelligence (AI). The hearing […]

House Subcommittee Hearing Highlights Risks and Opportunities of AI and Digital Assets in Financial Sector

SEC Extends Comment Period on Grayscale Ethereum ETF Conversion, Decision Expected in Early 2024

The Securities and Exchange Commission (SEC) has extended the comment period on a proposed rule change that would allow NYSE Arca to list and trade shares of the Grayscale Ethereum Trust as an exchange-traded fund (ETF). The extension gives the SEC more time to consider the implications of the rule change, with a decision now […]

SEC Extends Comment Period on Grayscale Ethereum ETF Conversion, Decision Expected in Early 2024

SEC Urges Judge to Determine Classification of Crypto Assets as Securities in Terraform Labs Lawsuit

The United States Securities and Exchange Commission (SEC) has requested the judge in the civil case against Terraform Labs and its co-founder Do Kwon to determine whether certain crypto assets should be classified as securities. The SEC aims to bypass a jury trial and have the judge decide on the regulatory status of Terraform Labs’ […]