Mon, December 23

New York Regulator to Scrutinize Stable Coin Issuer Paxos

New York regulators are reportedly investigating Paxos, the firm that issues the BUSD and USDP stablecoins. The Pax dollar (USDP) and Binance USD (BUSD), a stablecoin with the Binance name that is made available through a white-label service, are examples of Paxos’ stablecoins. Recent allegations about the federal bank regulator,

February 10, 2023 1 min read

The Supreme Court of Panama Will Rule on the Crypto Legislation

The disagreement over Panama’s crypto legislation has allowed the Supreme Court of that nation to rule on the future of the nation’s crypto market. The so-called “crypto bill” submitted to the high court for review on January 26 by Panamanian President Laurentino Cortizo. He said it violated the fundamental values

January 30, 2023 2 mins read

Grayscale CEO Says the SEC Has Hindered Bitcoin Advancement

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

January 24, 2023 1 min read

Former SEC Official Endorses Current SEC Actions

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

January 23, 2023 2 mins read

New Hampshire’s Crypto Commission Releases Its Final Report

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

January 20, 2023 2 mins read

CFTC: Crypto Tokens Shouldn’t be “Self-Certify” by Exchanges

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,

January 19, 2023 1 min read

US House of Representatives to Strengthen Their Oversight in Crypto Sector

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

January 13, 2023 1 min read

Ripple: SEC Attempts to Conceal the Hinman Speech Documents

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

December 26, 2022 1 min read

SEC Warns Crypto Investors: “Be Wary Of Proof of Reserve”

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

December 23, 2022 1 min read

Brazil’s President Bolsonaro Signs Crypto Regulations Into Law

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

December 23, 2022 1 min read