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Tag: Crypto regulation

SEC - US Securities and Exchange Commision

US Lawmakers Introduce Bill to Fire SEC Chair Gary Gensler

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Two Republican congressmen, Warren Davidson and Tom Emmer, have introduced a bill to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill, called the “SEC Stabilization Act,” would also restructure the SEC and decentralize its power. Davidson and Emmer have been critical of Gensler’s handling of the crypto market, saying that he has been “incompetent” and has driven the industry overseas. The...

Crypto regulation, Cryptocurrencies, Front page, Main, News, SEC

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Major Altcoins Fall 20% After SEC Lawsuit

Major altcoins fall by 20% after SEC lawsuit

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In Brief: Tokens of major blockchain networks slid more than 20% in the past 24 hours. The slide is likely due to a risk-off event that followed the SEC’s lawsuit against Binance and Coinbase. Solana (SOL), polygon (MATIC), and Cardano (ADA) fell as much as 25% within hours. Bitcoin has managed to hold up relatively well due to its dominance in the crypto market. Some speculate that a major crypto fund may have sold its holdings...

Altcoins, Bitcoin, Crypto regulation, Front page, Main, News

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Austin Campbell

Austin Campbell: I think we can do better in America

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Austin Campbell, former chief risk officer for stablecoin firm Paxos, recently spoke at a U.S. Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing. He expressed concern that the lack of stablecoin regulation in the United States could push issuers out of the country. Campbell stated that other countries such as Singapore, Dubai, Abu Dhabi, and the United Kingdom have already proposed frameworks for stablecoins that could...

Crypto regulation, Cryptocurrencies, People in crypto

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Binance sued by CFTC

CFTC Sues Binance and Its CEO for Alleged Violations of US Trading Laws

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In Brief: The CFTC has sued Binance CEO Changpeng Zhao and his crypto empire for allegedly violating US trading and derivatives laws. The CFTC accuses Binance of having an “ineffective compliance program” and claims it “knowingly” broke the law. Bitcoin plunged below $27,000 after the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder Changpeng Zhao over allegations that the exchange knowingly...

Binance, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main

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Barney Frank

Barney Frank: Signature Bank’s closure was a message that “Crypto is toxic.”

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Barney Frank’s Claims An ex-congressman and the man behind the Dodd-Frank Act, Barney Frank, has said that Signature Bank was shuttered in part to attack the digital asset industry. The former lawmaker, who is also a Signature Bank board member, said that regulators targeted the bank to send an “anti-crypto message.” Third-Largest Bank Failure in U.S. History Signature Bank’s closure marks the third-largest bank failure in...

Bankruptcy, Crypto regulation, Cryptocurrencies, People in crypto, Signature Bank, Silicon Valley Bank (SVB)

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