As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, warns of an impending surge in enforcement actions. Crypto Faces Inevitable Wave Of Enforcement Actions At the Milken Institute’s 27th annual Global Conference, Behnam […]
A recent Fortune Magazine report revealed that the New York Department of Financial Services (DFS) is set to announce a settlement with Genesis Global, a subsidiary of the crypto conglomerate Digital Currency Group (DCG). In a statement shared with Fortune, Superintendent Adrienne Harris expressed concerns about Genesis’ failure to maintain a functional compliance program, stating […]
US Securities and Exchange Commission (SEC) lawyers have issued an apology to a judge for misrepresenting facts in a case involving a crypto firm. The SEC lawyers expressed deep regret and acknowledged their errors in securing a restraining order and asset freeze against Digital Licensing Inc., also known as DEBT Box. Regret And Corrective Actions […]
According to a recent Reuters report, a senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point in enforcement actions against cryptocurrency firms. The settlement, which was a result of Binance’s violation of US anti-money laundering and sanctions laws, could potentially serve as a governance […]
Crypto.com Soars With UK Regulatory Approval, Introduces New Product Offering As Authorized EMI | Bitcoinist.com
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Singapore-based cryptocurrency exchange Crypto.com has obtained authorization from the UK’s Financial Conduct Authority (FCA) to act as an electronic money institution (EMI). According to a December 4 announcement, this new license allows Crypto.com to broaden its product offerings in the UK market. Crypto.com Receives EMI Authorization With the EMI authorization, Crypto.com can now provide a […]
Yesterday, the US Securities and Exchange Commission (SEC) filed another lawsuit against the crypto exchange Kraken. The second lawsuit in under a year, the legal action has been rejected by key figures in the crypto industry, including a founding member of the company. Jesse Powell Criticizes SEC’s Repeat Actions, Foresees Regulatory Struggles Jesse Powell, Kraken’s […]
BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement | Bitcoinist.com
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In the wake of ongoing crackdown by US regulatory agencies and investigations conducted by the Department of Justice (DOJ), Binance CEO Changpeng Zhao (CZ) is reportedly stepping stepping down as chairman of the world’s largest cryptocurrency exchange. According to Forbes, as part of a potential $4 billion settlement between Binance and the DOJ, CZ’s departure […]
In a bid to “safeguard consumers,” the UK Financial Conduct Authority (FCA) has issued a warning regarding “common issues” observed in crypto asset promotions. With the implementation of a new marketing regime, the FCA has asserted its authority over crypto promotions in the UK. FCA Unveils Alert List To Expose ‘Non-Compliant Crypto Entities’ The FCA has […]
Rep. Tom Emmer’s election as House Speaker has emerged as a potential catalyst for support within the US legislative framework in a significant development for the crypto industry. Known as the US Congress ‘Crypto King’ due to his deep knowledge and advocacy for the nascent industry, Emmer’s selection by the GOP as their new speaker […]
In a year marked by regulatory scrutiny and enforcement actions against the crypto industry, the US Securities and Exchange Commission (SEC) shows no signs of slowing down. The SEC’s Division of Examinations recently unveiled its 2024 priorities, signaling a potential tightening of regulations for crypto exchanges, firms, and cryptocurrencies falling under the SEC’s definition of […]