Blockchain Association CPO Says Neither SEC nor CFTC Has the Authority to Comprehensively Regulate Crypto
He also called for the crypto industry to stay calm amid the SEC's recent crackdown on staking services, which he attributes to the SEC's position as "crypto's chief antagonist."
US SEC to Scrutinize Crypto Firms Operating as Qualified Custodians in New Rule
The United States Securities and Exchange Commission (SEC) plans to propose new rules that would toughen the requirements for cryptocurrency firms to become qualified custodians for institutional fund managers.
Circle Executive Denies Rumors of Receiving SEC Notice on USDC Stablecoin
There were unconfirmed speculations that the SEC had issued a Wells notice to Circle, implying that the regulator intends to initiate enforcement actions against the firm.
Circle Executive Quashes Rumor About Receiving Wells Notice From the SEC
Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14.
US Lawmakers and Experts Debate SEC’s Role in Crypto Regulation
In a Feb. 14 hearing at the Senate Banking Committee titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’, ranking member Tim Scott said Gensler should appear before Congress before September to address additional enforcement actions in the crypto space, calling out the SEC chair for doing “rounds on the morning talk shows” rather than testifying.
Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
The U.S. Securities and Exchange Commission (SEC) is falling short when it comes to addressing how it deals with the digital asset industry, said TuongVy Le, partner and head of regulatory and policy at investment firm Bain Capital.
Blockchain Association Files Amicus Brief in Wahi Case, Says SEC Exceeded Authority
The Blockchain Association filed an amicus brief Feb. 13 in the United States Securities and Exchange Commission (SEC) case against former Coinbase Global product manager Ishan Wahi and his associates. The advocacy group expressed its support for the defendants’ argument for dismissal, where they claimed the SEC had exceeded its authority in the case. The case alleging unregistered securities sales of nine tokens is being heard in the U.S. District Court of Western Washington.
South Korea Reportedly Monitoring Ripple’s Case Against SEC
South Korea’s Financial Supervisory Service (FSS) is reportedly monitoring the lawsuit between the United States Securities and Exchange (SEC) and crypto firm Ripple (XRP), South Korea’s News1 reported.
Ken Griffin's Citadel Securities Discloses 5.5% Silvergate Stake
Market maker Citadel Securities has disclosed a 5.5% stake in Silvergate Capital (SI) worth about $25 million.
No Registration Form on SEC Website For Crypto Firms, Pro-XRP Attorney Claims
Pro-XRP Attorney Sarcastically Trolls Gary Gensler Amid SEC’s Recent Enforcement Actions.
