Nexo Shutters US Earn Product a Month After Settling With Regulators
Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators.
SEC’s Crackdown on Kraken’s Staking Program Puts Other Players on Notice
On Thursday, Kraken agreed to shut down its cryptocurrency staking services in the US and pay a $30 million fine to settle charges against it by the U.S. Securities and Exchange Commission (SEC).
SEC To Sue Crypto Trust Co. Paxos Over Binance Stablecoin
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday.
SEC Chair Speaks on Using ‘All Means Available’ to Bar Crypto From Mainstream
According to Gensler, the regulator’s initiatives are aimed at protecting investors while leveraging available tools to ensure that market participants comply with regulations, including talking directly to them, he said during an interview with CNBC’s Squawk Box show on February 10.
US Lawmakers Question SEC Chair on Timing of Sam Bankman-Fried’s Arrest
Two members of the United States House Financial Services Committee are calling on Securities and Exchange Commission chair Gary Gensler “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried” based on his scheduled appearance at a hearing.
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service.
“Paternalistic and Lazy”: Crypto Mom Sounds Off Against Gensler’s Attack on Kraken
Hester Peirce – aka ‘Crypto Mom’ – issued a statement on Wednesday arguing that the SEC’s enforcement action is neither “efficient nor fair,” and that exchanges were never given a realistic pathway to registration, to begin with.
Congressmen Launch Probe Into SEC Handling of FTX, Sam Bankman-Fried
Members of the United States House of Representatives are looking for answers regarding how the U.S. Securities and Exchange Commission (SEC) investigated the collapse of the crypto exchange FTX.
Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
The Securities and Exchange Commission’s (SEC) shutdown of crypto exchange Kraken’s U.S. staking-as-a-service business may certainly lead to a wider industry crackdown. However, “this is not a condemnation of staking writ large,” said Zachary Fallon, a former special adviser to the regulator’s general counsel and previously senior special counsel to the director of the SEC's Division of Corporate Finance.
Crypto Evening Briefing: Microsoft Kills Its Industrial Metaverse Team After 4 Months; Binance Deploys Zk-SNARKs on Proof-of-Reserves System
Coinbase is not planning to halt staking program despite SEC's crackdown on service. Bank of England mentions Ripple in its digital pound consultation paper.
