Crypto and Laws
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Federal Reserve shuts down Farmington Bank over unapproved stablecoin project
The Federal Reserve took action against Farmington State Bank on Aug. 17 , asserting the bank took on a stablecoin strategy without notifying...
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SEC permitted to move for interlocutory appeal against Ripple
The U.S. Securities and Exchange Commission (SEC) was granted court permission to move for an interlocutory appeal against Ripple on Aug. 17 ....
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Coinbase to suspend trading for USDT, DAI, and RAI for Canadian customers
Coinbase is discontinuing its support for Tether ( USDT ), DAI , and RAI for its Canadian users, effective August 31. The news was first...
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Grayscale hiring for its ETF team as markets await SEC decision
Grayscale , a prominent U.S. crypto asset manager, teased its hiring process for its ETF (exchange-traded fund) team today, signaling an...
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Former SEC official comments on Binance.US’ request for protection
Binance.US’s parent company’s request for a protective order on Aug. 14 to prevent securities regulators from making excessive...
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Ripple files opposition to SEC’s expected appeal
Ripple submitted a filing on Aug. 16 expressing opposition to an interlocutory appeal expected from the U.S. Securities and Exchange...
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CFTC Chair Rostin Behnam weighs in on crypto regulations
Rostin Behnam , Chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the necessity for a clear regulatory...
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Bittrex bypasses US clients amid regulatory haze, CEO highlights global scope
Bittrex Global CEO Oliver Linch noted that market participants are increasingly wary of the United States because of the regulatory uncertainty...
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CFTC greenlights Coinbase as first spot crypto platform to offer regulated futures to U.S. customers
Coinbase has secured regulatory approval from the National Futures Association (NFA), a self-regulatory organization designated by the Commodity...
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PayPal to pause UK crypto purchases starting in October
PayPal stated in an email to select users on Aug. 14 that it will temporarily pause crypto buying services in the U.K. in the coming months....
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Republican members of Congress demand information on Prometheum approval from FINRA, SEC
Financial Services Republicans, led by Chairman Patrick McHenry (NC-10), are inquiring with regulatory agencies...
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G20 meeting sparks crypto clash, why key officials reject ban and embrace coordination
In a recent roundtable discussion held during a G20 meeting, prominent economic officials emphasized the need for enhanced global coordination...
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Grayscale decision versus SEC may come today, latest Friday – reports
Bloomberg’s Senior ETF Analyst Eric Balchunas stated that a potentially momentous decision from the SEC concerning Grayscale Investments...
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Singapore monetary authority releases regulatory framework for G10-pegged stablecoins
The Monetary Authority of Singapore (MAS) announced a regulatory framework for single-currency stablecoins (SCS) regulated in the Asian country,...
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Coinbase launches Stand with Crypto Alliance, reports 52k ‘advocate’ signups on first day
Coinbase announced on Aug. 14 the launch of its Stand With Crypto Alliance, an initiative aimed at countering anti-crypto legislation by...