At a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed their strong support for crypto. They emphasized the importance of regulatory clarity and bipartisan collaboration in shaping the future of the industry. Schumer highlighted Congress’s responsibility to enact common-sense regulations for crypto, with the goal of passing a comprehensive crypto
Regulation
Brazilian regulators have fined crypto exchange Binance a significant $1.76 million to settle allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM) marks the end of a long year-long investigation into Binance’s activities in Brazil. The regulatory crackdown began in July 2020, when the CVM ordered Binance
As a Pro-Bitcoin Democrat, House Representative Ro Khanna has indicated that the Biden administration will be releasing a crypto regulation roadmap in the near future. Khanna has expressed hope that these regulations will provide a clear path towards reasonable regulation that will support compliance, innovation, and job creation within the United States. Emphasizing the importance
Coinbase, one of the leading cryptocurrency exchanges in the United States, has taken a firm stance against the US Securities and Exchange Commission’s (SEC) proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). In a detailed comment letter submitted to the SEC, Coinbase’s Chief Legal Officer, Paul Grewal, raised significant concerns about
Tyler Winklevoss, co-founder of Gemini, recently took to X to criticize the crypto stance of Vice President Kamala Harris, calling it a “scam.” This comes after the Federal Reserve’s crackdown on Customers Bank, one of the only crypto-friendly banks in the U.S. Winklevoss believes that the enforcement action creates a choke point that ultimately hinders
The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the establishment of a Digital Asset Regulatory Sandbox, aiming to provide a platform for the testing and development of services related to digital assets. This initiative is set to create a structured environment where businesses can explore innovative solutions within a regulated framework. The
OKX CEO Star Xu recently issued a warning to users regarding the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. Xu emphasized that deposits from sanctioned entities, including Garantex and Tornado Cash, or withdrawals to these entities could trigger compliance risks and lead to account suspension. This highlights the importance of
The addition of options features to spot Bitcoin exchange-traded funds (ETFs) in the US is anticipated to occur in the fourth quarter, as indicated by Bloomberg ETF analyst James Seyffart. However, Seyffart also mentioned the possibility of this offering beginning as early as the third quarter, with the final decision deadline from the US Securities
After a four-year-long dispute with the US Securities and Exchange Commission (SEC), Ripple has been slapped with a $125 million fine. The District Judge Analisa Torres from the District Court of the Southern District of New York partially rejected the SEC’s motion for remedies, which originally sought over $2 billion from Ripple for allegedly selling
The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Coinbase has reached a critical point as the SEC firmly opposes Coinbase’s motion to compel additional discovery. The SEC argues that Coinbase’s sweeping demands for documents are irrelevant and overly burdensome. In a memorandum filed on Aug. 5, the SEC outlined several