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The SFC has issued a restriction notice to Kingston Securities Limited to freeze a client account over suspected corporate misconduct. (Read More)
Attorney Fred Rispoli has offered insight into the ongoing Ripple case, easing concerns about a potential SEC appeal. According to Rispoli, even if the regulatory body does appeal, a ruling likely wont be reached before 2026. This long delay offers breathing room for Ripple and XRP to continue thriving. Rispoli also pointed out that the […]
In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg that drained the platform of $100 million.
Footwear distributor Puma partnered with a Web3 game, integrating characters based on the brand into a sports mobile game.
Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.
At the TOKEN2049 conference, SkyBridge Capital founder Anthony Scaramucci revealed that US Vice President and Democratic nominee Kamala Harris is working alongside industry advocates on her crypto policies before the November elections. Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? Kamala Harris Distancing From Warren And Gensler On Thursday, Anthony Scaramucci claimed to be working alongside Kamala Harris to develop her campaigns crypto policies. SkyBridge Capitals founder announced at one of the largest crypto events worldwide that the Democratic nominee has been hearing out industry proponents. Scaramucci and other undisclosed crypto and Bitcoin advocates have been allegedly pushing the US VP to back industry-friendly policies. These talks have been seemingly making progress and going in the right direction, he stated at the event. Moreover, the industry advocates working alongside Harris want to prevent crypto policies from becoming a partisan issue, aiming for crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts. Scaramucci also stated that they are working to distance the Democratic Party from figures like Senator Elizabeth Warren and Gary Gensler, who have had a big role in the USs crackdown on the industry. The Democratic candidates stance on the sector has been heavily speculated since she was nominated. Nonetheless, Harris, whose stance remains undisclosed, has been endorsed by several industry figures, including Ripples co-founder Chris Larsen and Bitcoin bull Mark Cuban. Who Is The Crypto Industrys ‘Favorite’ Candidate? At the TOKEN2049 panel, Scaramucci also commented on his feelings about former US president Donald Trump. He applauded the Republican candidate for understanding the industrys importance, claiming that he has changed the landscape ahead of the elections: Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States, and I think ironically, hes pulling the Democrats along into a centrist position on regulation. Trumps stance has pushed the Biden-Harris administration toward a more industry-friendly approach in the past few months. In a recent interview with CNBC, Cardanos founder, Charles Hoskinson, also suggested that Trump might be the favorite option from a crypto perspective. To him, the Republican candidate is the clear industry favorite as he has openly embraced the sector, even launching a DeFi project. The community has also launched several Trump-inspired memecoins throughout his campaign, which lead the PolitiFi token sector. Related Reading: Will Bitcoin Break Through $70k? Short-Term Holders Buy Price Holds The Key Since the presidential debate on September 10, the US VP has challenged the Republican candidate’s winning odds. Prediction markets like Polymarket show that Harriss chances of winning surpass Trumps by 3%, with 51% odds in her favor. Nonetheless, Hoskinson considers that regardless of who wins the election, the world will continue to move toward crypto adoption. The world, with or without America, is embracing cryptocurrencies, he stated. As of this writing, Bitcoin, the largest cryptocurrency by market capitalization, is trading at $63,480, an 8% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com
Elon Musk and his various companies are currently facing regulatory scrutiny in Brazil, the European Union, and the United States.
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), issued a stern warning to crypto exchanges. He emphasized that they must follow the rules set in place. His comments came during an interview with CNBC on Wednesday, where Gensler made clear that protecting the public from bad actors remains a top priority. This […]
OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.
SEC Commissioner Mark Uyeda wants to update the agency's S-1 disclosure for cryptocurrency firms. His stance is a positive step toward progress.
Richard Schueler, aka Richard Heart, is already at the center of an SEC suit. Now, he has issues in Finland, his chosen country of residence.
Crypto advocates urged Americans to help the industry flourish without "misapplied" securities regulations.
According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses.
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
The retraction arose from the SECs lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations.
The SECs latest lawsuit update targets additional tokens like Axie Infinity, Filecoin and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
The company is following the steps of Prometheum, which now treats four cryptocurrencies as securities.
Crypto traders have been on interim rules since March 2021, and its time to finalize membership in the securities industry's self-regulatory organization.
Valour is moving out of Europe to the green pastures of Africa by way of passporting.
The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged.
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