Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
Prosecutors’ Case Against FTX’s Sam Bankman-Fried Becomes Clearer
Federal prosecutors have shared more information about their case against FTX founder Sam Bankman-Fried. Between two new indictments and civil suits against another former FTX executive, we now have a much clearer picture about what the Department of Justice thinks it has.
The SEC’s Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon
The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important.
State of Crypto: Interpreting the Paxos-Binance Tea Leaves
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates securities laws, and the New York Department of Financial Services has asked Paxos to cease issuing the token.
State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
Congress is holding three simultaneous hearings around cryptocurrencies today – and they’re all on different types of use cases.
State of Crypto: Inside the NRCC’s Plan to Accept Crypto Donations
The NRCC will soon accept crypto donations because Republican donors requested the payment method, the campaign committee’s chair said.
State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?
The market has matured since 2018, when bitcoin ETF applications last hit a peak. It’s unclear whether that’s enough to see one approved.
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
State of Crypto: How Will the Government React to GameStop?
Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time.
State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy
Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.
State of Crypto: What the Crypto World Should Watch for in the Biden Era
The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but a number of other names and issues remain outstanding.