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Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg
14.2.2023
Brainard has been leading the U.S Federal Reserve's work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision
CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal Trial
13.2.2023
The request to stay the SEC’s civil case against Bankman-Fried is still pending
Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
13.2.2023
Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional...
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
13.2.2023
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming
Algorand Foundation CEO: SEC’s Crypto Crackdown Highlights Lack of Regulatory Clarity
13.2.2023
Staci Warden says crypto-native firms are being punished rather than given guidance
Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg
13.2.2023
New York’s top financial regulator is investigating stablecoin issuer Paxos – and, according to a new report, it was rival stablecoin issuer Circle that sounded an alarm
Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters
13.2.2023
Paxos Trust Company’s administration of Binance’s stablecoin left it open to use by bad actors, the New York Department of Financial Services told Reuters on Monday
France to Tighten Crypto Registration Rules Next January
13.2.2023
The plan, set to be rubber-stamped by the National Assembly and Senate, veers away from a more onerous proposal to require a license as of October
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
13.2.2023
Regulatory overreach will spur movement toward decentralized finance apps built directly on-chain by anonymous teams, the report said
Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft
13.2.2023
Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules
UAE Plans to Issue a CBDC to Promote Digital Payments
13.2.2023
The issuance of a digital dirham is one of nine key initiatives in the United Arab Emirates' new Financial Infrastructure Transformation Program
Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10
13.2.2023
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP
Bridgewater CIO Warns of Deeper, Longer, and ‘Much More Painful’ Recession Than What We’re Accustomed To
13.2.2023
Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,”...
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
13.2.2023
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services
Monetary policy: Definition, types and tools
12.2.2023
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy
What Does Kraken's SEC Settlement Mean for Crypto Staking?
10.2.2023
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking
Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
10.2.2023
Zachary Fallon, a partner at law firm Ketsal, says that because the government agency relies on a circumstances based test, it may need to adjust its response to other crypto firms that engage in staking-as-a-service
Federal Reserve Governor Reinforces US Regulators’ Preference for Keeping Crypto Apart From Banks
10.2.2023
Parts of the crypto universe should be encouraged to thrive as long as they don’t threaten the U.S. banking system, said Christopher Waller, a Federal Reserve Board governor, who also shared an optimistic note that the young industry will work out its problems
Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
10.2.2023
A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk's request for information about the financial reserves backing the USDT token
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday