Bitcoin (BTC), the dominant cryptocurrency in the market, has witnessed a deceleration in its further expansion due to the Securities and Exchange Commission (SEC). According to Michael Sonnenshein, the CEO of one of the top investment management firms, Grayscale Investments, the SEC’s crypto regulatory laws have resulted in the slowdown
John Reed Stark, a former SEC official has penned down his opinion about the phrase “SEC Regulation By Enforcement (RBE)”. He thinks the expression is “bogus”, which is used by the “Big Crypto” to misguide the actions taken by SEC. He begins the blog by mentioning quotes from crypto promoters
On January 19, New Hampshire Governor Chris Sununu announced the release of the Governor’s Commission’s final report on cryptocurrencies and digital assets. The “comprehensive” and “timely” crypto report compiled the Commission’s findings and recommendations on the progress of blockchain technologies and the state’s legal stance. In the report, the Commission
The cryptocurrency exchange FTX collapse called the commissioner of the Commodity Futures Trading Commission (CFTC) to stop allowing crypto exchanges to “self-certify” and list tokens in an unregulated way. CFTC commissioner Christy Goldsmith Romero stated that; I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,
According to reports, Republicans in the US House of Representatives propose to form a new subcommittee. This is to strengthen their control of the cryptocurrency sector. In an interview on Thursday, incoming Financial Services Chair Patrick McHenry, who has long focused on financial technology issues, asserted that he intends to
The U.S Securities and Exchange Commission (SEC) is attempting to keep the notorious “Hinman Speech” documents, connected with the Ripple case. According to a recent report, the SEC has requested that the Hinman documents be sealed, alleging that they do not have relevance to the court’s summary judgment ruling. The
The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors
Brazil’s President Jair Bolsonaro approved a crypto regulatory bill recently passed by the country’s Chamber of Deputies and Senate on Thursday. The bill will not permit the use cryptocurrencies like Bitcoin. Recently signed legislation includes numerous digital currencies as authorized payment methods. The new law establishes a crime of fraud involving
According to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren, most cryptocurrencies are likely to be regulated as securities in the United States. Sprecher, whose ICE oversees the New York Stock Exchange, asserted confidently on Dec. 6 at the Goldman Sachs Group Inc financial services
The current critical crisis of FTX crypto exchange is creating a significant impact on the whole crypto market. It is becoming the hottest story in the town, affecting large users and the investors. In addition, prices fell dramatically for all the cryptocurrencies. As the situation worsens day by day, the
