Chainalysis’ head of international policy Caroline Malcolm explained this means bringing crypto-assets into a similar regulatory regime to financial products as occurred in the United Kingdom.
Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse.
Canadian regulator takes enforcement actions against Bybit and Kucoin
“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC.
US lawmaker lays out case for a digital dollar
“It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC,” said Representative Jim Himes.
Friday’s $2.25B Bitcoin options expiry might prove that $17.6K wasn’t BTC’s bottom
Bulls bet on BTC prices above $60,000 for the June monthly options expiry, and now pro investors are going to pay a hefty price for being wrong.
Colombia’s new president seems to be a fan of Bitcoin
“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia.
HM Treasury changes course on collecting data around unhosted crypto wallets
“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update.
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report.
US lawmakers urge EPA to consider the potential benefits of crypto mining
“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the group of 14 lawmakers.
Texas securities regulator investigates Celsius over withdrawal suspension: Report
Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.
ECB may cap digital euro at 1.5T tokens — Executive board member
“Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta.
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”
EU commissioner reiterates need for ‘regulating all crypto-assets’
Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU.
SEC chair warns about ‘too good to be true’ returns amid market downturn
Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund.
This key Ethereum price metric shows ETH traders aren’t as bearish as they appear
Traders keep saying ETH price will collapse below $1,600 soon, but a key trading metric shows most are unwilling to place bearish bets below $1,900.
Bitcoin derivatives data forecasts sub-$30K BTC price heading into Friday’s $800M options expiry
Bulls placed too much hope on $32,000 flipping to support, an error that is bound to show by Friday’s $800 million BTC options expiry.
LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.”
Bitcoin bears have plenty of reasons to hold BTC price below $32,000
Regulatory pressure and macroeconomic uncertainty continue to pin traders’ sentiment and BTC price under $32,000.
Grayscale hires former Solicitor General to help force Bitcoin ETF approval
Ahead of the July 6 SEC decision, the investment giant has hired Don Verrilli, a former U.S. Solicitor General as a senior legal strategist, working alongside its attorneys at Davis Polk & Wardwell LLP and its in-house counsel.
BNB price risks 40% drop as SEC launches probe against Binance
Downside risks for BNB also come from a recent Reuter exposé that claims Binance laundered “at least $2.35 billion in illicit funds.”