The United States Federal Reserve has recently increased its scrutiny of stablecoins, citing concerns that private entities are creating private money that could pose risks to the financial system. Michael Barr, the vice chair of the Federal Reserve for Supervision, has called for a robust federal framework to regulate stablecoins, particularly those linked to fiat […]
The Commodity Futures Trading Commission (CFTC) has released its enforcement outcomes for Fiscal Year 2023, revealing a significant increase in digital asset cases. The CFTC’s Division of Enforcement initiated 96 enforcement proceedings, resulting in penalties, restitution, and disgorgement totaling over $4.3 billion. Approximately 50% of the cases involved cryptocurrencies, with the CFTC filing 47 actions […]
Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly considering an initial public offering (IPO) next year. The company has initiated discussions with advisors to facilitate the IPO process. While the exact valuation Circle is aiming for remains undisclosed, it is worth noting that the company had a $9 billion valuation during its […]
Circle, the issuer of the USD Coin (USDC), is reportedly considering an initial public offering (IPO) in early 2024, according to Bloomberg. While the stablecoin issuer has been in talks with advisers about the move, there is no certainty that it will result in a public listing. Circle had previously agreed to go public through […]
Stablecoin issuer Circle Internet Financial is reportedly considering an initial public offering (IPO) in early 2024. The company, known for issuing the popular USDC stablecoin, has been in discussions with advisors as it explores the possibility of going public. While no final decision has been made, Circle has expressed its long-standing aspiration to become a […]
The U.S. Commodity Futures Trading Commission (CFTC) has released its enforcement results for the 2023 fiscal year, revealing that nearly half of its enforcement cases involved digital assets. Out of the 96 enforcement actions taken, 47 were related to cryptocurrencies. Some notable cases include charges against individuals and companies like Sam Bankman-Fried, FTX, Alameda Research, […]
The acting chief of the U.S. Office of the Comptroller of the Currency (OCC), Michael Hsu, expressed optimism about the potential of tokenization while remaining cautious about cryptocurrencies due to their high levels of risk. Speaking at the DC Fintech Week, Hsu emphasized the benefits of tokenization in streamlining the settlement of funds and securities. […]
Diversification and gender equality in the workplace continue to be important issues, especially for publicly traded companies. This has led to investment implications as more market participants demand diversity, equity, and inclusion. One ETF that addresses these concerns is the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI). Managed actively, CDEI offers exposure […]
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit consortium that acquired bankrupt Celsius Network, is reportedly exploring partnerships with other entities to secure the acquisition of FTX. The investment firm has […]
In a recent interview with Yahoo Finance, Senator Cynthia Lummis expressed her disapproval of the Securities and Exchange Commission’s (SEC) intensified crackdown on the crypto industry throughout 2023. Lummis criticized the aggressive nature of the SEC’s actions, deeming it unnecessary and overreaching. She specifically opposed the SEC’s controversial new crypto policy, “Staff Accounting Bulletin 121,” […]
