Crypto and Laws
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FDIC tells CEX.IO to redact insurance promises
Cryptocurrency exchange CEX.IO has received a cease-and-desist order from the FDIC, as seen in a letter published by the U.S. regulator on Feb....
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US crypto regulation on track despite recent SEC enforcement actions
Despite recent SEC enforcement actions against Kraken and Paxos, Jeff Zelkowitz, Executive Vice President at APCO Worldwide, said there is...
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South Korea planning to review local staking services
South Korea’s financial regulators are planning to review local staking services, according to Forkast News. The country cited the recent...
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Hoskinson: SEC had justified concerns about Kraken staking
Input Output (IO) CEO Charles Hoskinson argued that the SEC was right to go after Kraken over its Staking Program. During a live stream...
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Binance snags former Gemini compliance officer amidst scrutiny over BUSD
Binance has hired and promoted a compliance executive who formerly worked for its competitor, Gemini, according to a Feb. 14 report from the Wall...
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Senate Banking Committee holds Valentine’s Day hearing on 2022 crypto crash
The U.S. Senate Banking Committee discussed last year’s cryptocurrency market crash and assorted company collapses during a hearing on...
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Circle denies that SEC sent any Wells notice
Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante...
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South Korea reportedly monitoring Ripple’s case against SEC
South Korea’s Financial Supervisory Service (FSS) is reportedly monitoring the lawsuit between the United States Securities and Exchange...
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Singapore’s DBS Bank aims for Hong Kong crypto license
Singapore-based DBS Bank is planning to apply for a crypto license in Hong Kong, according to Bloomberg News. The bank didn’t disclose a...
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Blockchain Association files amicus brief in support of Ishan Wahi
The Blockchain Association (BA) filed an amicus brief in the ongoing Coinbase Insider Trading case on Feb. 13, alleging that the SEC improperly...
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Circle reportedly informed NYDFS about Binance’s BUSD
Stablecoin issuer Circle filed a regulatory complaint last fall regarding Binance’s stablecoin reserves, according to a Bloomberg report on...
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Messari founder accuses SEC Chair Gensler of foul play
Messari founder Ryan Selkis accused SEC Chair Gary Gensler of acting with a conflict of interest, conspiring against the crypto industry....
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Coinbase says its staking product does not pass the Howey Test
Coinbase CEO Brian Armstrong said the exchange’s staking service does not pass any of the four criteria of the Howie Test and will...
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The SEC may potentially sue Paxos over BinanceUSD – WSJ
The U.S. Securities and Exchange Commission (SEC) enforcement division has issued a Wells notice to Paxos — The Wall Street Journal (WSJ)...
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PayPal puts its stablecoin project on hold
Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on Feb. 10 . A representative of the company...