New US Crypto AML Bill May Bar Banks From Transacting With Crypto Mixing Platforms
For what seemed like the most significant financial task, lawmakers in the US recently gathered to shape the future of crypto in America. The all-crucial hearing titled “Crypto crash: Why Financial System Safeguards are needed for crypto assets,” held on the 14th of February sought to spell out what went wrong with the recent spate of bankruptcy filings and how to make it right in the future with appropriate regulatory policies.
Paxos Says It’s Prepared To Challenge the SEC Over BUSD Security Claims
Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U.S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin.
Vulcan Blockchain Rolls Out New Auto-Rebasing Feature To Solve SEC Issues
With concern about addressing the SEC’s proposal to ban cryptocurrency staking, Vulcan Blockchain readies for the debut of its innovative auto-rebasing layer 1 blockchain scheduled for Q2, 2023. It has been unveiled that the new blockchain aims to address problems related to market liquidity availability and stability on the supply side. Additionally, it seeks to tackle regulatory challenges that may pose a headache to crypto investors this year.
SEC Charges Final Participant in Multi-Million Dollar Scheme to Spread 100+ False Rumors
A man spread more than 100 false rumors about public companies to generate more than $1 million in illicit trading profits.
Deaton Says This Is the Only Victory the SEC Can Get in the Ripple Case
Attorney John E. Deaton has asserted that the only victory the United States Securities and Exchange Commission will likely get in its case against Ripple is that the blockchain payments sold XRP as a security from 2013 to 2017.
Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon
The U.S. Securities and Exchange Commission (SEC) is right to go after stablecoin issuer Terraform Labs and founder Do Kwon, said Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC).
NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens
The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million.
NBA Hall of Famer Paul Pierce Charged by SEC for Unlawfully Touting EMAX Tokens
Pierce agreed to pay $1.409m in penalties, disgorgement, and interest and has agreed not to promote any crypto asset securities for three years.
SEC Approves Gemini Trust’s Custody Service
Gemini Trust Company LLC, a New York trust firm that, since 2015, has been recognized as both a fiduciary and a competent custodian in accordance with the New York Banking Law. According to Tyler, this will remain the case regardless of which new rule the SEC decides to adopt and put into force.
Coinbase Supports SEC’s Proposed Crypto Custody Rules, but Not Everyone Is Happy
State-certified crypto custodians such as Coinbase’s Custody Trust Co. and crypto bank Anchorage Digital may continue to offer custodial services in line with the Agency’s requirements.
