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Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

16.2.2023
Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin

SEC-retly Failing: How the SEC Is Letting Crypto Down

16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...

Binance readies checkbook for potential fines from US regulators: Report

16.2.2023
The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators

SEC proposes tougher rules as part of its crypto custody crackdown

16.2.2023
The new proposals set forth by the Gensler-led SEC seek to “expand the scope” of rules set out by the 2009 Custody Rules

Binance Bracing Itself for Fines From US Regulators to Settle ‘Past Conduct’: WSJ

16.2.2023
As U.S. regulators continue to sniff around Binance, the world’s largest crypto exchange is prepared to pay monetary penalties to “make amends” for past regulatory violations, according to The Wall Street Journal

SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’

16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...

Coinbase, Anchorage Say They'll Be OK Under SEC Custody Proposal, But Risks May Lurk for Others

16.2.2023
The U.S. Securities and Exchange Commission (SEC) is officially working toward forcing investment advisers to make hard decisions about how they keep clients’ crypto assets, but the agency’s Wednesday proposal comes with good-news, bad-news elements now being studied by industry lawyers...

The SEC shook Kraken down for $30M, but it doesn't mean they had a case

15.2.2023
Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security

State of Crypto: Interpreting the Paxos-Binance Tea Leaves

15.2.2023
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates...

Former Paxos Exec: Regulators Failed to Address Crypto Collapses, Now They’re Going After 'On-Ramps'

15.2.2023
Jesse Austin Campbell, former head of portfolio management at the firm, says that because regulators did not adequately address the collapses of Celsius Network, Terra Luna and FTX, they are now in pursuit of on-ramps to get to Binance

SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price

15.2.2023
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry

Is the SEC Really the Bad Guy?

15.2.2023
It’s easy to say the SEC is going after the wrong targets in its crypto crackdown. But it’s all a consequence of real failures by the industry, says CoinDesk's David Z. Morris

Crypto CEOs Need to Accept That Existing Regulations Also Apply to Them

15.2.2023
Coinbase’s CEO thinks the rules that apply to other financial services don’t apply to his multi-billion-dollar financial services company. His ignorance – either intentional or literal – is concerning

SEC Plans to Restrict Hedge Funds Exposure to Crypto With New Proposal

15.2.2023
The U.S. Securities and Exchange Commission (SEC) has proposed a draft that would make it harder for hedge funds, private equity firms, and pension funds to work with crypto companies. The proposal would make it difficult for crypto firms to hold digital assets on their client’s behalf...

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

15.2.2023
The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector