# Congressman Tom Emmer seeks amendment to limit SEC’s crypto oversight

# Congressman Tom Emmer seeks amendment to limit SEC’s crypto oversight

Emmer intends to introduce an appropriations amendment that will limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry,…

Read More
# FTX suspends user accounts amid Kroll cyber breach concerns

# FTX suspends user accounts amid Kroll cyber breach concerns

FTX took the decision as a proactive measure to prevent any potential future incidents or additional harm following the recent hack. Following the recent Kroll cybersecurity breach, bankrupt crypto exchange FTX has temporarily suspended accounts of impacted users accessing its claims portal. FTX announced the decision on X (formerly Twitter) as a proactive measure to…

Read More
# Bitget mandates KYC requirements in line with tightening global regulations

# Bitget mandates KYC requirements in line with tightening global regulations

The exchange operator is implementing new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines. Seychelles-based cryptocurrency derivatives exchange Bitget is updating its Know Your Customer (KYC) requirements for users to stay in step with global regulatory guidelines.  According to the company, the new KYC requirements are being instituted to protect…

Read More