Latest News
By Federal Newswire Report | Jul 10, 2023
Jake Chervinsky, the chief policy officer of Blockchain Association, a nonprofit that advocates for "pro-innovation" policies for the digital asset industry, called on U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to remove himself from the SEC's decision-making process for carrying out enforcement actions in the crypto industry, citing Gensler's assertion that all digital assets except bitcoin are securities. Chervinsky's statement comes amidst a wave of SEC enforcement actions against crypto companies, while industry participants and lawmakers are calling for clearer regulatory guidelines for the digital asset industry.
By Federal Newswire Report | Jul 4, 2023
The lack of transparency regarding Securities and Exchange Commission (SEC) Chairman Gary Gensler's meeting with Sam Bankman-Fried of cryptocurrency exchange FTX, is contributing to feelings of "distrust" toward the federal government.
By Federal Newswire Report | Jun 30, 2023
SEC Chair Gary Gensler is facing scrutiny for a virtual meeting he reportedly held with Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, without obtaining the necessary permission. Michael Chamberlain, director of the watchdog group Protect the Public's Trust, said the relationship between Bankman-Fried and Gensler is one that Gensler should have "resisted" due to his position in public office.
By David Beasley | Jun 30, 2023
Binance, the world’s largest cryptocurrency exchange, has assisted Israel’s Ministry of Defense in seizing digital assets that were intended to finance the Hezbollah terrorist organization. Binance called the operation “one of the most significant public successes in the counter-terrorist financing space.”
By Andy Nghiem | Jun 27, 2023
Brad Garlinghouse, the CEO of blockchain company Ripple, said the SEC’s lawsuits against leading crypto exchanges, including Binance and Coinbase, are an attempt to overcompensate for the agency’s failure to prevent crypto exchange FTX from misusing customer assets, leaving users with billions of dollars of missing funds when the exchange collapsed last fall.
By David Beasley | Jun 26, 2023
In light of the recent House Financial Services Committee (HFSC) hearing on digital assets, U.S. Rep. Erin Houchin (R-IN) has emphasized the urgent need for market-structure legislation for digital assets.
By Federal Newswire Report | Jun 25, 2023
A prominent crypto exchange based in Spain has progressed in its growth strategy by raising 14 million euros in part to expand into Latin America.
By Federal Newswire Report | Jun 24, 2023
Two Republican-drafted bills were the subject of a recent hearing before the U.S. House Financial Services Committee.
By Federal Newswire Report | Jun 23, 2023
Coinbase says DEX (decentralized exchange) cannot be regulated like CEX (centralized exchange).
By Federal Newswire Report | Jun 21, 2023
According to a recent analysis by Coinbase, the biggest cryptocurrency exchange in America, the impact of Bitcoin halving events on the asset's performance is still unknown because a number of exogenous factors have a big impact on how the market behaves.
By Federal Newswire Report | Jun 20, 2023
Coy Garrison, a partner at Steptoe and Johnson LLP and former counsel to Securities and Exchange Commission Commissioner Hester Peirce, recently commented on the future of the digital asset ecosystem.
By David Beasley | Jun 20, 2023
U.S. Rep. Patrick McHenry, R-NC, chairman of the House Financial Services Committee, said the U.S. is at a crossroads, and he hopes the country will take the opportunity to implement regulations that will encourage “freedom, innovation, [and] inclusion” while protecting consumers, rather than “surrender our leadership.”
By Andy Nghiem | Jun 20, 2023
Ranking Member Maxine Waters (D-CA) expressed concern that the draft of a bill aimed at implementing regulations in the crypto industry would allow companies currently facing enforcement actions to continue operating.
By David Beasley | Jun 19, 2023
Dr. Emin Gun Sirer, founder and CEO of Web3 solutions company Ava Labs, said during a House Financial Services Committee hearing last week that blockchain technology can be beneficial to regulators by increasing the transparency of the “actions and activities,” of crypto industry participants.
By Federal Newswire Report | Jun 16, 2023
Former CFTC Commissioner Brian Quintenz, now the head of policy at venture capital firm Andreessen Horowitz, is calling on the U.S. Securities and Exchange Commission (SEC) to stop its barrage of lawsuits against cryptocurrency companies and instead work with legislators to establish clear regulatory guidelines for the industry.
By Andy Nghiem | Jun 14, 2023
The SEC is seeking an emergency temporary restraining order (TRO) against Binance to freeze assets tied to Binance.US. In response, Binance has filed a memo with the Court challenging the SEC's "emergency" claim, calling it "manufactured" for the SEC's "purposes” of gaining a legal advantage unsupported by fact.
By Federal Newswire Report | Jun 12, 2023
As U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler claims cryptocurrency exchanges already have regulations to follow, Blockchain Association CEO Kristin Smith argues lawmakers' introduction of a regulatory proposal draft just one week before the SEC sued two leading crypto exchanges is evidence there is a lack of regulatory certainty.
By Federal Newswire Report | Jun 9, 2023
A former minority owner of the Minnesota Vikings will spend more than six years behind bars for his part in a cryptocurrency scam that federal prosecutors said defrauded the now-bankrupt Alliance of American Football league.
By Federal Newswire Report | Jun 9, 2023
The chairman of the U.S. House Committee on Agriculture earlier this week said the U.S. Securities and Exchange Commission's (SEC) recent lawsuits against crypto exchanges are "regulation by enforcement" and "not an appropriate away to govern a market."
By Federal Newswire Report | Jun 8, 2023
U.S. Senator Bill Hagerty (R-TN) said the U.S. Securities and Exchange Commission (SEC), led by chairman Gary Gensler, is “weaponizing their role to kill [the crypto] industry.” The junior Senator from Tennessee tweeted the comment following the SEC’s announcement of back-to-back lawsuits against Binance and Coinbase, the largest crypto exchanges globally and in the U.S., respectively.
