Search
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
'What Was Gary Gensler Really Doing?': Rep. Tom Emmer on FTX, the SEC and What's Next for Crypto in Congress
23.1.2023
The so-called “Crypto King of Congress” blames over-centralization and old-fashioned fraud for FTX’s collapse (not crypto). As Congress considers new crypto legislation, can he persuade his colleagues – including the combative Elizabeth Warren – of the same?
Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.
23.1.2023
Anatoly Legkodymov, the founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance
Former SEC chief blasts 'bogus' catchphrase: 'Regulation by Enforcement'
23.1.2023
Lawyer and former SEC official John Reed Stark came out in defense of the SEC’s enforcement efforts in the crypto space
US Authorities Charge Mango Markets Attacker — Defendant Arrested, Detained in Puerto Rico
23.1.2023
The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained...
Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review
22.1.2023
“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price...
Jim Cramer Thanks SEC Chairman for Standing up to ‘Crypto Bullies’ Seeking Spot Bitcoin ETF Approval
22.1.2023
The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down...
SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
20.1.2023
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
20.1.2023
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product
20.1.2023
Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).
According to two separate statements by the US Securities and Exchange Commission and the North American Securities...
Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?
20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.
Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’
20.1.2023
Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where...
NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’
20.1.2023
NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space...
Nexo agrees to $45M settlement with SEC and NASAA over earn product
19.1.2023
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement
Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
19.1.2023
Nexo began offering its Earn Interest Product to U.S. customers in June 2020
CFTC Commissioner Comes Out Strongly Against Self Certification of Product Listings by Exchanges
19.1.2023
Christy Goldsmith Romero, a top official with the US Commodity Futures Trading Commission (CFTC), is warning lawmakers against allowing cryptoasset exchanges to self-certify with the regulator to list trading products.
Goldsmith Romero suggested that this is a dangerous process, as it would enable...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...