Deputy Attorney General Lisa Monaco said authorities relied on victims to report attacks “as soon as those crimes occur” to help recover funds.
Singapore’s financial watchdog pushes back against Terra and 3AC associations
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard, and Vauld were “not licensed or regulated” by Singapore’s financial watchdog.
US lawmaker criticizes SEC enforcement director for not going after ‘big fish’ crypto exchanges
Representative Brad Sherman said the SEC’s enforcement case against Poloniex was like going after “small fish” compared to major exchanges, which may include Kraken and Coinbase.
Circle CSO lays out policy principles for stablecoins in US
Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.”
SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga
The U.S. Senate has already confirmed the nomination of Allison Lee’s replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027.
56% of banks say DLT and crypto are ‘not a priority’ in near future — Fed survey
Many respondents from major banks said the technology would likely be unimportant for liquidity management practices until 2027.
Vladimir Putin signs bill banning digital assets as payments into law
Russia’s Parliament is also considering two other bills related to digital assets: regulating miners’ activities, and requirements for firms handling crypto transactions.
CFTC labels 34 crypto and forex firms as unregistered foreign entities
“Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson.
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty,” said Nikhil Rathi.
South African exchanges welcome the new ‘crypto is financial asset’ ruling
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.
US Senate confirms Michael Barr as Fed vice chair for supervision
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
UK court allows lawsuit to be delivered via NFT
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website.
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price.
UK Treasury Committee opens inquiry into crypto industry
The public has until Sept. 12 to submit evidence, which the committee may use in its report to Parliament on the risks and opportunities related to crypto and DLT.
Bitcoin not a currency? South Africa to regulate crypto as financial asset
South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.
US Treasury calls for public comment on digital asset policy, following Biden’s executive order
President Joe Biden’s executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations.
SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”
Sri Lanka central bank reiterates crypto warning following protestors seizing president’s residence
Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country.
3 key metrics suggest Bitcoin and the wider crypto market have further to fall
Traders are not as fearful as they were in June, but several metrics show the market is still standing on paper-thin support levels.
BoE official compares current crypto market regulation to ‘unsafe aeroplanes’
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of “same risk, same regulatory outcome.”