José Manuel Campa reportedly suggested the European Banking Authority may be unprepared for regulating the changes that come with a “very dynamic” crypto space.
Coinbase stock (COIN) in danger of another 60% crash by September — Here’s why
COIN could tumble to $21 in the next few months amid Coinbase’s insider trading allegations and weak technicals.
Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team.
Treasury’s OFAC is investigating Kraken for violating US sanctions: Report
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange.
Uncertainty around French laws prompted F1 racers to remove crypto branding: Report
Spectators could not see Crypto.com’s logos during Formula One’s French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding.
Bill addressing stablecoins risks in US likely delayed until September: Report
The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission.
SEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC
CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement.”
‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.”
US authorities arrest former Coinbase manager, alleging insider crypto trading
Three people allegedly used multiple Ethereum wallets to make purchases of certain tokens in advance of at least 14 separate Coinbase public listing announcements.
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests
“It’s time to move the crypto policy debate from “we need regulation” to ‘what are the impacts of specific regulatory proposals?’” said Chamber of Progress.
South Korean authorities raid 15 entities linked to Terra collapse: Report
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday.
US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government
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.