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“# President Biden announces picks to fill CFTC vacancies ” U.S. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats. In a Monday announcement from the White House, President Biden said…
“# Bitcoin price flirts with $40K, but derivatives data is still bullish ” The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite…
“# SEC chair doubles down, tells crypto firms ‘come in and talk to us’ ” Gary Gensler, chair of the United States Securities and Exchange Commission, is once again urging crypto projects with securities to register with the regulatory body to ensure thinvestors are protected. In a prepared statement for his testimony at the Senate…
“# Law Decoded: The aftermath of El Salvador’s pioneering move, Sept. 6-13 ” Too much is happening in the realm of crypto policy and regulation to leave the biggest developments of each week without a roundup and at least some conceptual reflection. Starting today, we are getting back to decoding crypto law and everything around…
“# Indian crypto exchanges prepare ad blitz for festive season ” To celebrate the holiday season in India, cryptocurrency exchanges are looking to lure retail traders by launching aggressive marketing campaigns and giving away crypto. For this year’s Hindu holiday season, which kicked off on Sept. 10, crypto exchanges are encouraging citizens to choose Bitcoin…
“# Former CFTC brass joins Andreessen Horowitz as an advisor ” Crypto regulation has become an increasingly relevant topic over the past several years. To address these legal ins and outs amid the ever-changing regulatory waters, VC firm Andreessen Horowitz has called upon a previous leader of the United States Commodity Futures Trading Commission’s, or…
“# YouGov poll finds 27% support for making Bitcoin legal tender in US ” A new poll has found that 27% U.S. residents support the government recognizing Bitcoin as legal tender. According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as…
“# Afterpay ‘absolutely’ keen to explore crypto services after regulations clarified ” Australian buy now pay later (BNPL) giant Afterpay — now part of Jack Dorsey’s Square — has said that it is likely to pursue cryptocurrency services once the regulatory framework is clear. Following on from Afterpay’s submission to the Senate inquiry into “Australia…
“# Hong Kong securities official proposes stricter oversight of crypto trading ” A senior executive for Hong Kong’s Securities and Futures Commission, or SFC, believes more needs to be done to tackle cryptocurrency fraud, offering clues about future guidance on digital asset trading in the special administrative region. Deputy chief executive Liang Fengyi said the…
“# Thai SEC intends to revoke operating license of Huobi crypto exchange ” Thailand’s Securities and Exchange Commission (SEC) has temporarily suspended the services of the local branch of crypto exchange Houbi and recommended revoking its operating license with the Ministry of Finance. With the suspension in place, Huobi has been given three months to…