Robinhood crypto business slapped with SEC Wells notice
The SEC is planning to file an enforcement action against Robinhoods cryptocurrency business, according to the Wells notice.
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The SEC is planning to file an enforcement action against Robinhoods cryptocurrency business, according to the Wells notice.
The success of Bitcoin ETFs and the influence of the Bitcoin halving is having a significant impact on cryptocurrency markets.
The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.
Binance Research, in collaboration with Binance VIP & Institutional, has recently unveiled the results of their Institutional Crypto Outlook Survey. The study reveals a strong positive sentiment towards cryptocurrencies among institutional investors, with 63.5% expressing optimism for the next year and a striking 88% displaying a positive outlook for the next decade. (Read More)
The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that the hearings aim to establish a bill providing regulatory clarity to the crypto sector, which adds to the work on a bipartisan bill led by crypto-friendly Senator Cynthia Lummis and Senator Kirsten Gillibrand. (Read More)
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.
Coinbase CEO, Brian Armstrong, compared the SEC to “soccer refs” in a game of pickleball, criticizing the regulator for their lack of clarity around crypto regulation. The comments came after Coinbase revealed they had been issued a Wells notice, which typically precedes an enforcement action. The crypto community has widely condemned the recent notice, with many agreeing that the SEC has reversed its earlier position regarding Coinbase. (Read More)
Brian Armstrong made the interesting analogy when asked to explain the firm's recent "Wells Notice" in "NFL terms."
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica.
As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph.
The crypto industry is poised for growth as 2025 brings regulatory clarity, increased capital flows, and improved fundamentals, according to Pantera Capital. (Read More)
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support for the existing regulatory framework of the U.S. Securities and Exchange [...]
The post Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing appeared first on Crypto Breaking News.
Binance CEO emphasizes the need for active engagement and understanding the differences between crypto and traditional finance.
The post Binance CEO Urges Regulators to Let Crypto Industry Mature Before Imposing Boundaries appeared first on BitPinas.
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases.
Crypto.coms lawsuit against the US SEC follows the exchanges receipt of a Wells notice from the agency.
Lead Bank executive Erica Khalili talks about why nows not an easy time in the digital banking sector.
USDCs massive growth in 2024 marked the stablecoins steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. [...]
The post Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future appeared first on Crypto Breaking News.
The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime. (Read More)
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