Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
Policy
Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation
Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he’s counting on sensible crypto regulations coming soon from the U.S. “There is no place like the U.S.,” he said via video link at DC Fintech Week in Washington.
Tokenization Could Pose Risks to Financial System, FSB and BIS Warn
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology’s interaction with legacy systems.
Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates
Exchanges will now have until the last week of November to meet new requirements.
Ripple Co-Founder Larsen Flooding Kamala Harris’ Election Effort With XRP
Ripple co-founder and Executive Chairman Chris Larsen said he’d added another $10 million in the Ripple-tied token {{XRP}} in an effort to boost Vice President Kamala Harris as the Democrat faces off against former President Donald Trump in next month’s election.
Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.
It’s Possible You Shouldn’t Tell Journalists About Your Wash Trading Biz
Last week, the Department of Justice announced charges against over a dozen individuals and entities, arguing these market makers were actually wash trading funds and defrauding people.
NYSE, Cboe Win SEC Approval for Bitcoin ETF Options
The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs.
U.S. Election Betting: Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says
A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court.
FBI Arrests Alleged SEC Hacker Linked to Fake Tweet Saying Bitcoin ETFs Were Approved
A fake SEC tweet briefly roiled the bitcoin market in January. (Nikhilesh De/CoinDesk)