Binance.US Not Playing Ball With Probe, SEC Says, as Focus Turns to Custody Arm Ceffu
Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas.
Regulations
Most Important U.S. Senator for Crypto’s Future Tells Regulators to Use Existing Powers
U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market transparency and protect the investors putting their money into the sector.
Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for the exact thing they’re trying to stop.
Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto
While U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat at a Senate hearing on Tuesday, the most important crypto sentiments may have come from Sen. Sherrod Brown (D-Ohio), who tarred much of the industry as dangerous fraudsters.
Defiant Gensler Returns to Crypto Grievances Ahead of Senate Testimony
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is doubling down on his crypto objections in his first remarks following the second recent court setback in his agency’s sweeping legal fight with the industry.
SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report
The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country.
Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
The blockchain-based file-sharing network had indicated it would be winding down after a New Hampshire court ruled in favor of the SEC last November.
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex
Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison.